Securities business (application)
Firms that would like to conduct securities business must have authorisation from the Swedish Financial Supervisory Authority. The Swedish Financial Supervisory Authority charges authorised firms an annual supervision fee.
“Securities business” refers to activities that consist of providing investment services or performing investment activities on a professional basis. Authorisation may be granted for:
- receipt and forwarding orders for one or more financial instruments,
- execution of orders on behalf of clients,
- dealing on own account,
- portfolio management,
- investment advice,
- underwriting of financial instruments and placement of financial instruments with fixed commitments,
- placement of financial instruments without fixed commitments,
- operation of an MTF and
- operation of an OTF.
Origin: Swedish Financial Supervisory Authority
Responsible: Swedish Agency for Economic and Regional Growth