Fintech—Sweden—Q&A guide
Fintech—Sweden—Q&A guide

The following TMT practice note provides comprehensive and up to date legal information covering:

  • Fintech—Sweden—Q&A guide
  • 1. What is the general state of fintech innovation in your jurisdiction?
  • 2. Do government bodies or regulators provide any support specific to financial innovation? If so, what are the key benefits of such support?
  • 3. Which bodies regulate the provision of fintech products and services?
  • 4. Which activities trigger a licensing requirement in your jurisdiction?
  • 5. Is consumer lending regulated in your jurisdiction?
  • 6. Are there restrictions on trading loans in the secondary market in your jurisdiction?
  • 7. Describe the regulatory regime for collective investment schemes and whether fintech companies providing alternative finance products or services would fall within its scope.
  • 8. Are managers of alternative investment funds regulated?
  • 9. Describe any specific regulation of peer-to-peer or marketplace lending in your jurisdiction.
  • More...

This Practice Note contains a jurisdiction-specific Q&A guide to fintech in Sweden published as part of the Lexology Getting the Deal Through series by Law Business Research (published: July 2020).

Authors: Vinge—Emma Stuart-Beck; Caroline Krassén; Henrik Schön; Viveka Classon; Malin Malm Waerme; Nicklas Thorgerzon; Trine Osen Bergqvist; Anton Sjökvist; Mikaela Lang; Maria Schultzberg; Karl‑Hugo Engdahl

1. What is the general state of fintech innovation in your jurisdiction?

During its long history of fintech innovation, Sweden has produced companies such as Klarna, iZettle, Trustly, Lendify, BehavioSec and Safello, just to name a few. Innovation is diverse, and fintech products span areas such as banking services, payment and payment settlement services, lending, biometrics and cryptocurrency. The Swedish fintech industry is still growing rapidly, and multiple fintech companies have emerged in, inter alia, the Swedish housing credit market. This phenomenon may indicate a structural change for housing loan origination in Sweden and a reduced market share for Sweden’s largest banks. However, the Swedish Financial Supervisory Authority (SFSA) has indicated plans to introduce additional regulations in this area, and the longevity of the new market actors remains to be seen.

2. Do government bodies or regulators provide any support specific to financial innovation? If so, what are the key benefits of such support?

The Minister for Financial Markets has expressed interest in setting up regulatory sandboxes where fintech start-ups may develop in an

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