{"id":446,"date":"2019-08-06T10:26:28","date_gmt":"2019-08-06T08:26:28","guid":{"rendered":"https:\/\/apriorilaw.se\/?page_id=446"},"modified":"2025-06-09T10:09:12","modified_gmt":"2025-06-09T08:09:12","slug":"soka-tillstand-for-finansiell-verksamhet","status":"publish","type":"page","link":"https:\/\/apriorilaw.se\/en\/verksamhetsomraden\/soka-tillstand-for-finansiell-verksamhet\/","title":{"rendered":"Applying for authorization"},"content":{"rendered":"

A business that provides financial services to individuals and businesses in most cases need to receive a permit or a registration from the Swedish financial supervisory authority (SFSA). When reviewing applications for permits the SFSA, among other things, takes into account the company's business, owners and management, as well as the financials. To be approved will require a good knowledge of the financial regulatory framework and practical experience. Since authorization is often critical for financial companies, and as getting it is often a complex and time-consuming process, it is usual for companies to outsource the process to experts in the field in order to ensure the application is successful.<\/p> <\/div> <\/div>

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Apply for a license, or to register your business?<\/h2>

Most of the companies that wish to provide financial services need to obtain a licence from the SFSA. If your business is a financial institution or a deposit company (including companies in the retail and lone industries) it oftentimes is enough to register the company in question. Examples of activities that require a permit include:<\/p><\/div> <\/div>

Banks\n<\/span>

Payment Service Institutions <\/span>

Fund managers & AIFM:s <\/span>

Companies in the insurance and service pension industries<\/span><\/h5> <\/div>
Companies in the credit market\n<\/span>
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Konsument- och kreditinstitut \n

Institution\n<\/span>
Securities companies<\/span><\/h5> <\/div><\/div><\/div>
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How to apply for permits for financial activities<\/h2>

\nWriting the permit application to the SFSA is the most time-consuming part of the application process. The time required to prepare the application varies depending on the type of permit you are applying for and must be assessed on a case-by-case basis.

A permit application shall contain the following information:\n

\n\u2022 Owners and managers
\n\u2022 Nature of business
\n\u2022 The capital adequacy ratio\/capital
\n\u2022 Financial forecasts
\n\u2022 Anti-money laundering measures
\n\u2022 Management of conflicts of interest
\n\u2022 Routines and processes for IT and information security\n

\nThe application needs to be formulated in a way that is easy to understand and should contain references to current regulations and the relevant legal material. It must provide a clear overview of what the company will do as well as what risks exist and how these will be handled.\n

\nWhen the application is submitted, the SFSA assesses whether the application is complete. If the application needs to be supplemented, the company must produce additional documentation before the SFSA can begin the review itself. The processing time varies from case to case and can be stretch between four weeks up to six months (and sometimes takes longer than that). Sometimes questions arise during the course of processing and then additional procedures are required in order for the application process to continue.\n

\nOnce you have received authorization, your company is under the SFSA's supervision, which means that the agency continuously evaluates risks related to your business through for example mandatory reporting to the SFSA.\n

\nWriting a permit application is a complicated process and often requires expert knowledge in several different financial regulatory fields. Companies often choose to hire specialist teams in license applications within financial services. At Apriori, we have extensive experience in writing permit applications for, among other things, AIF managers, investment companies, consumer credit institutes, payment service providers, and currency exchanges. \n<\/p>

The cost of apply for a permit<\/h3>

The SFSA charges a fee when you apply for a permit for your business. The fee is a one-off cost with the aim of covering the SFSA's costs related to the application process. The size of the permit fee depends on the type of permit you apply for.<\/p><\/div> <\/div>

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Do you need advice on how to apply for a permit? <\/h2> CONTACT US<\/a><\/div> <\/div><\/div> <\/div>

What type of permit should I apply for?<\/h2>

No matter which the type of financial business you want to pursue, you need to apply for the correct corresponding permit. The most common permits include:<\/p><\/div> <\/div>

AIFM:s\n<\/span>

Banking or financing operations<\/span>

Payment services\n<\/span>

Fund management\n\n<\/span>

Insurance\n<\/span>

Mortgage credit institutes<\/span><\/h5> <\/div>
Deposits\/loans and receivables\n<\/span>

\nActivities in the service pension industry\n<\/span>

\nCurrency converter (for example Bitcoin converters)\n<\/span>

\nSecurities\n

Debt collection operations<\/span><\/h5> <\/div><\/div><\/div>
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Individual consultation on permit applications<\/h2>

It is often a good idea to get advice on which permit(s) your company needs to apply for at at the earliest possible point. Since permits often limit how the business can be conducted, it is important to find the right structure for the business right from the start. Otherwise, there is a risk that the operational part of the business does not work as intended, which may mean that you have to apply for a new permit shortly after the business has started its operations.\n

\nApriori has extensive experience in reviewing new business strategies and expose hidden obstacles that might be a different kind of strategies. An early consultation is an inexpensive insurance to avoid expensive costs related to permit processes.<\/p><\/div> <\/div>

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Do you need advice on your permit application?<\/h2>

Fill the form and we will get back to you as soon as possible.<\/p><\/div> <\/div>