Other services - Sweden

01.10.2013

Securities lending and borrowing

All Swedish debt securities eligible in CBL qualify for CBL's securities lending and borrowing programme.

Equities and warrants are not eligible for CBL's securities lending and borrowing programme.

Multi-Market securities service

Swedish domestic securities can be listed on foreign exchanges. These multi-market equities are traded on more than one stock exchange and are eligible for deposit and settlement in more than one CSD.

For further information, please refer to the Multi-Market Securities Guide.

Foreign exchange

Foreign exchange services for SEK are available to customers on a case-by-case basis, upon request. To complete foreign exchange conversions for SEK, customers should contact CBL's Treasury Desk directly by an authenticated communications medium.

Disclosure requirements

Please refer to the Disclosure Requirements - Sweden.

Holding restrictions

There are no special restrictions by Swedish law for a foreign institute to hold Swedish securities and to participate in Swedish corporate actions.

However, reference should be made to the Swedish Banking and Financial Business Act (SFS 2004:297), which is applicable to both foreign and domestic investors. In accordance with this Act, certain acquisitions require the prior consent of Finansinspektionen, the Swedish FSA, as follows:

  • A substantial holding reaching or exceeding 10%, 20%, 33% or 50% of the share capital or number of voting rights of a bank; or
  • A bank becoming a subsidiary.

Similar acquisition thresholds apply to security companies and can be found in the Swedish Securities Market Act (SFS 2007:528).

Some Swedish companies issue shares with preemptive clause, only applicable to unlisted companies, that can limit the possibility of transfer.

Tax services

Please refer to the Sweden tax area.