meta_id 3172960

On May 20, 2026, Finansinspektionen (the Swedish Financial Supervisory Authority) announced that subsidiary credit providers and credit intermediaries will fall under the supervision of either Finansinspektionen or the Swedish Consumer Agency (Konsumentverket) effective November 20, 2026. These entities—companies that provide or broker credit as a secondary activity rather than their primary business, such as retail stores—were previously outside regulatory oversight. The new rules stem from amendments to the Act on Housing Credit Activities and Certain Other Consumer Credit Activities (LVBK), which implements the European Union's revised Consumer Credit Directive that entered into force on November 20, 2025. Supervision allocation depends on company size and activity type. Subsidiary credit intermediaries with more than 250 employees and annual turnover exceeding €50 million, or balance sheet totals exceeding €43 million annually, fall under Finansinspektionen's jurisdiction and require authorisation. Smaller intermediaries are supervised by Konsumentverket. For subsidiary credit providers, multiple factors determine jurisdiction, including whether credit carries interest or specific fees, company size, invoice periods, and whether sales occur online or in physical locations. The new framework also imposes stricter requirements on personnel providing or brokering credit, mandating adequate knowledge and competence regarding consumer rights and credit agreements. Existing subsidiary credit providers and intermediaries requiring Finansinspektionen authorisation must apply by November 20, 2027, and may continue operations pending final application review. New entities established after November 20, 2026 must obtain authorisation before commencing business. Finansinspektionen issued consultation proposals for new general guidance and regulations on May 20, 2026, with Konsumentverket expected to issue its proposals in June 2026.