Credit servicers

In accordance with the Credit Servicer Act (Purchase and Servicing of Non-Performing Credit Agreements Act [2023:714]) authorisation from FI is required to conduct, on behalf of a credit purchaser, professional credit servicing of a non-performing credit agreement entered into between a credit institution with the EEA and a borrower.

Authorisation is not required for

a credit institution pursuant to the Banking and Financing Business Act (2004:297)
a consumer credit institution subject to FI's supervision pursuant to the Certain Consumer Credit-related Operations Act (2014:275) or a corresponding act within the EEA
a mortgage institution subject to FI's supervision pursuant to the Mortgage Business Act (2016:1024) or a corresponding act within the EEA
firms authorised or registered pursuant to the Swedish UCITS Act (2004:46) or the Alternative Investment Fund Managers Act (2013:561).

Additional exemptions are set out in Chapter 1, section 6 of the Credit Servicer Act.

Contents of the application

Rules on the contents of the application are set out in the Credit Servicer Act and the Purchase and Servicing of Non-Performing Credit Agreements Ordinance (2023:720).

Fees

The fee for the assessment of an application for authorisation is SEK 70,000. See the fact box for payment information. FI also charges an annual supervision fee of SEK 100,000.

Processing time

FI will make a decision within 90 days provided that the application is complete and the fee is paid.

Other information

Changes in the operations that are significant in nature must be reported to FI.

Payment procedure

FI registers the application, 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