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In the proposal referred to the Council on Legislation for consideration A new order for enforcement of financial information it is proposed that the requirement put on the market places to supervise the regular financial information that listed companies publish shall be removed.

Instead, an option for split responsibility for supervision is proposed, through which the day-to-day supervision is handed over to an independent surveillance body. The Swedish Financial Supervisory Authority (Sw. Finansinspektionen) shall however retain the ultimate responsibility and keep their authority in deciding on interventions in case of violations. The independent surveillance body shall be authorised to issue a fee from the supervised listed companies to fund the surveillance. The Swedish Financial Supervisory Authority has previously stated that the supervision should be delegated to The Swedish Financial Reporting Review Council, a body within The Association for Generally Accepted Practice in the Securities Market.

The amendments according to the proposal are proposed to take effect on 1 January 2019.

For further information, please see the following link (in Swedish):

https://www.regeringen.se/rattsliga-dokument/lagradsremiss/2018/03/en-ny-ordning-for-redovisningstillsyn/

We welcome Emilia Löfgren to us at HWF Advokater. Emilia is 24 years of age and has previously worked as an associate at Advokatfirman Eninge. Emilia is born and raised in Karlskrona and went on to study law at Lund University where she graduated in January 2018.

The Swedish Financial Supervisory Authority (Sw. Finansinspektionen) has issued new guidelines for administrative sanctions for late insider reporting according to EU’s Market Abuse Regulation (MAR), see the following link (in Swedish): Riktlinjer för sanktionsavgifter vid sen insynsrapportering.

The guidelines contain among others a chart with model rates to be used as a basis in relation to the issue of administrative sanctions. The Swedish Financial Supervisory Authority will take the size of the transaction and the duration of the delay into account in their assessment. The guidelines will be applied to notifications submitted (and not to omitted notifications discovered by the Swedish Financial Supervisory Authority, which are expressly not covered by the guidelines).

The guidelines will provide greater clarity and predictability as regards the ‘normal’ case of late insider reporting.

We welcome Julia Ekerot as a new Associate at HWF Advokater. Julia is 23 years of age and has previously worked at Advokatfirman Lindahl. Julia is born and raised in Kristianstad and studied law at Lund University where she graduated in 2017.

HWF Advokater was established on 1 January 2018, but it originates in a business started in Helsingborg by Mannheimer & Zetterlöf in the 1980’s. A broad and long-term role as advisor has always been the trademark of this office and the lawyers who have worked here over the years have all conducted their work in this spirit. The so called ‘Helsingborg model’ stands for a combination of broad business law knowledge and experience, individual cutting-edge expertise and long-term client relations.

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We are continuously hiring both recently graduated lawyers and lawyers who have worked as law clerks. Here, your personality is as important as good formal merits. You will be a part of a close-knit team here at HWF and as such you need to be a team player. We presume that you have good judgement, a genuine interest to learn and develop as well as a good sense of quality.

Read more here. (länk till kärriärsidan)

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