Sweden: Financial Sector Assessment Program Update: Detailed Assessment of Observance on IOSCO Principles and Objectives of Securities Regulation

International Monetary Fund

No 2011/283, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper provides an assessment of the level of implementation of the International Organization of Securities Commissions (IOSCO) Principles in Sweden’s securities market. The assessment has identified several significant weaknesses in the scope and effectiveness of securities market regulation. The Executive Board recommends licensing of insurance intermediaries under the Securities Market Act (SMA). The government should also reconsider its policy of attaching specific short-term project requirements to parliament’s annual budget allocation for Finansinspektionen (FI) initially and during the course of the financial year.

Keywords: ISCR; CR; securities exchange; insider dealing; investment fund; authorities FI; equity trading; FI regulation; management company; FI staff; senior management; material information; letter of intent; Securities; Stock markets; Mutual funds; Securities markets; Europe; Global (search for similar items in EconPapers)
Pages: 82
Date: 2011-09-16
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