Guidelines
& Code of Conduct

The Swedish Investment Fund Association works to promote sound investment fund operations and to promote and protect confidence in the industry as a whole and in investment funds as a savings format.

The Swedish Investment Fund Association’s “Swedish Code of Conduct for fund management companies” includes provisions that go beyond those of legislative and other regulatory requirements, indicating a higher level of ambition than that expressed in the legislative requirements. 

The aim of the Swedish Code of Conduct is to gather the overriding principles that should characterise a sound investment fund sector.

The Code, together with the Association’s guidelines, complements legislation and other regulations by specifying a norm for Swedish investment fund operations. The Association’s member companies shall state, clearly and unambiguously, that they comply with the Code and shall provide an explanation of any deviations from the Code, stating what they have done instead. 

Guidelines complement the above and assist the member companies in applying these regulations. 

Industry self-regulation through the Association’s Code and guidelines: 

  • The Swedish Code of Conduct for fund management companies 
  • Guidelines for marketing and information by fund management companies
  • Guidelines for investment fund managers as shareholders 
  • Guidelines for Key Ratio Accounting of Swedish UCITS and special funds 
  • Guidelines concerning Trading for own and related persons’ account 

Guidance

The difference between guidelines and guidance is that the guidelines occasionally express requirements that exceed those imposed by laws and regulations, while the guidance are more in the nature of support and assistance for the members on issues that are, in some cases, regulated in laws and regulations. The aim of guidance documents is to help maintain a sound and transparent investment fund sector by ensuring industry-wide interpretations of laws and regulations.

Guidance can be found here.

Memoranda

The association has long worked to produce memoranda that address topical issues for its members. The Association has, for example, published a memorandum on tax on fund saving. The memoranda are a membership benefit (available in Swedish) and can be ordered from the Association but they are also presented in brief in Swedish.

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