SFSA

Swedish Financial Supervisory Authority

EU
🏛️
Jurisdiction
Sweden
📋
Regulations
0
Open Banking frameworks
🌍
Region
EU
🔗
Type
NCA
National Competent Authority

About SFSA

The Swedish Financial Supervisory Authority (SFSA) is the primary financial regulatory authority in Sweden responsible for overseeing open banking and financial services. As a National Competent Authority (NCA), SFSA ensures that banks and third-party providers comply with open banking regulations, protecting consumers while fostering innovation in financial services.

SCA Update: On 4 September 2019, the Swedish regulator acknowledged the new guidance by the European Banking Authority. However, they expect to enforce SCA for online payments with Swedish cards starting 14 September 2019. Banks that require additional time can reach out to the regulator with a proposed migration plan.

Jurisdiction

Sweden
View Open Banking providers, banks, and TPPs in Sweden

Key Responsibilities

Licensing and authorizing Third-Party Providers (TPPs) including AISPs and PISPs
Ensuring banks provide secure API access to authorized third parties
Monitoring compliance with Strong Customer Authentication (SCA) requirements
Investigating complaints and enforcing consumer protection standards
Publishing guidance and technical standards for open banking implementation
Coordinating with other regulators on cross-border open banking matters

Official Resources

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Other open banking regulators in the European Union:

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