Indecap has submitted a new statement to the Swedish Administrative Court as part of its legal challenge regarding the Swedish Fund Selection Agency’s (FTN) SEK 200bn procurement of actively managed global equity funds.
The statement covered several grounds, including alleged deviations from mandatory requirements and the applicability of European Union (EU) rules on service concessions.
Indecap also requested that the court seek guidance from the Court of Justice of the EU on the applicable legal framework.
This statement follows the FTN's submission to the Swedish Administrative Court on 29 May 2026, which contested Indecap's claims.
The tender, announced on 26 February 2026, has been paused due to the judicial review after Indecap Fonder was unsuccessful in the procurement process.
FTN previously said it considers the case to be primarily aimed at delaying the replacement of Indecap’s existing mandate and set out its assessment that the procurement has been conducted in accordance with applicable legislation.
As at 31 July, FTN had not received any order from the Administrative Court to submit a response to Indecap’s latest submission.
The Administrative Court is examining the issues raised in the case, including whether the FTN has complied with the public procurement rules applicable to the premium pension fund market.
No timetable has yet been set for when a ruling will be announced.
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