Country Manual Private Banking
Sweden out of EEA
out of Bank’s Country of Establishment (Def, RS, BT & RT)
| Source of changes | Answers |
|---|---|
| Law / Regulation | Yes |
| New Position of the Authorities | No |
| Evolution of Expert’s Interpretation | No |
Regulatory Template, Regulatory Summary and Behaviour Template
Material changes
Since the last update of this Manual, the relevant Swedish regulatory framework has been modified by the new Consumer Credit Act (Konsumentkreditlag 2010:1846) — SFS 2024:1238). The label “high-cost credit” (högkostnadskredit) as a special category was removed, but overall consumer protection was tightened. Important new rules concern in particular the following:
A hard one-time rollover limit and group-refinancing anti-avoidance.
The duty of debt-risk and debt-advice warnings in all credit advertisements and marketing;
A numerical cap on borrowing and default interest for virtually all consumer credit, and ban on extra late fees;
A 100% total cost cap including default interest and collection charges, plus anti-refinancing aggregation;
An absolute cap on upfront arrangement fees;
Non-material changes
Some comments and content have been slightly reworded, without introducing substantive changes to reflect the regulatory situation/current interpretation of the regulatory framework more accurately.
For more information, please contact us: info@brpsa.com
Geneva, November 19th, 2025