Sweden’s Finansinspektionen (FI) has proposed amendments to regulations and general guidelines on supervisory reporting for occupational pension firms.

Publishing its consultation, FI explained that the amendments consist of changes to the quantitative reporting. FI said it was necessary as the European Insurance and Occupational Pensions Authority (EIOPA) has changed its requirements for national supervisors, including FI, to provide quantitative data for occupational pension institutions.

“The changes decided by EIOPA involve the addition of 17 new items and the removal of a few items from the quantitative reporting. Two of the new items are due to
new reporting requirements from the European Central Bank (ECB),” FI stated.

The changes affect both quarterly and annual reporting for occupational pension firms. In connection with the amended reporting requirements, the FI also proposes certain clarifications, corrections and editorial amendments to the reporting regulations and their annexes.

“It is important that occupational pension firms report the data in a uniform and timely manner in order for FI to be able to comply with EIOPA's reporting requirements. FI therefore deems it necessary to have binding regulations to ensure that firms comply with the reporting requirements. It cannot be considered sufficient for FI to issue general advice or any other type of guidance to achieve this purpose,” it stated.

The amendments to the regulations are proposed to enter into force on 23 April 2025 and apply to the current financial year. However, it has proposed to extend the deadline for the first quarterly reporting under the new requirements to 26 May 2025.

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