Sweden

1. EEA UCITS Schemes

EEA Management Companies may passport their authorisation into Sweden. An EEA UCITS Scheme can market shares or sub-funds in Sweden after a notification has been made. EEA UCITS Schemes and their EEA Management Companies are governed by the Swedish UCITS Act (Swe: Lagen 2004:46 om värdepappersfonder) and regulations issued by the Swedish Financial Supervisory Authority (“SFSA”).

2. Marketing of a UCITS fund in Sweden

An EEA UCITS Scheme with relevant authorisation in its home Member State, which intends to market shares or sub funds in Sweden, must inform the HMSA of its intention. The HMSA usually issues the relevant forms to the SFSA for notification. The notification must be accompanied by the EEA UCITS Scheme rules or instrument of incorporation, the prospectus, KIID (in Swedish), and an annual report, or biannual report (if applicable). The EEA UCITS Scheme must also take necessary measures to enable it to do the following in Sweden:

• make payments to unit holders;
• redeem units; and
• provide any and all information required of the undertaking pursuant to regulations applicable in its home state.

The HMSA thereafter submits the notification to the SFSA.

The SFSA must be informed prior to any change of the original application or of the accompanying documents.

3. Handling times

The EEA Management Company may start marketing the EEA UCITS Scheme in Sweden as soon as the HMSA has informed the EEA Management Company that a notification has been sent to the SFSA.

4. Fees

There are no fees for marketing of an EEA UCITS Scheme charged by the SFSA.