Sweden : Financial Sector Assessment Program-Technical Note-Regulation and Supervision of Cross-Border Securities Activities

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

October 5, 2017

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Sweden has large and diverse securities markets where services can be easily provided on a cross-border basis. The main exchange, Nasdaq Stockholm, is part of the global Nasdaq group and operates as the hub of Nasdaq’s Nordic operations. Trading in Swedish issuers’ shares is fragmented across European trading venues and over-the-counter (OTC), with Nasdaq Stockholm holding a less than 50 percent market share. Remote members account for more than two-thirds of the value of equity trading on Nasdaq Stockholm. While limited data on the investment fund assets managed and marketed on a cross-border basis is available, the number of foreign investment funds sold in Sweden exceeds the number of domestic funds. Both domestic and foreign firms actively seek to benefit from the passports provided under the European Union (EU) legislation. This emphasizes the importance of robust home country regulation and supervision and requires authorities to be vigilant about potential cross-border spillovers. This complex operating environment poses challenges for Finansinspektionen (FI), particularly for the two areas, Consumer Protection and Markets, that have the primary responsibility for the regulation and supervision of securities markets.

Series:

Country Report No. 17/308

Subject:

English

Publication Date:

October 5, 2017

ISBN/ISSN:

9781484322451/1934-7685

Stock No:

1SWEEA2017004

Format:

Paper

Pages:

45

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