Cross-border activities

A credit servicer authorised pursuant to the Credit Servicer Act (Purchase and Servicing of Non-Performing Credit Agreements Act [2023:714]) is entitled to conduct business in other EEA countries.

The business may be conducted by the firm establishing a branch or in some other way conducting cross-border operations there. However, the company must first notify Finansinspektionen, which in turn notifies the country in which the operations will be conducted.
Additional information about the conditions for conducting cross-border credit servicing is set out in Chapter 5 of the Credit Servicer Act.

Contents of the notification

Chapter 5, section 1 of the Credit Servicer Act specifies requirements on the content of a notification on cross-border operations. For the cross-border operations within the EEA of Swedish credit servicers, the notification form will soon be available in Swedish and English.

Fees

The fee for processing a notification of cross-border operations is SEK 16,800. See the fact box for payment information.

Processing time

FI submits a notification of cross-border operations within the EEA to the competent authority within 45 days from when the notification is complete and the fee paid.

Other information

If the information in a notification on cross-border operations is changed, the credit servicer must inform FI in writing of the change.

Payment procedure

FI registers the notification, which is assigned a reference number.
FI then sends an administrator letter, which specifies the reference number, the applicable fee and instructions for how to pay the fee.

Do not pay the fee until you have received the administrator letter and reference number from FI.

Last reviewed: 2024-02-06