Institutions and assets covered by the investor compensation scheme

Investor compensation covers financial instruments handled by institutions in the course of providing investment services, such as the purchase, sale or deposition of financial instruments.

The scheme also covers funds that an institution receives in conjunction with providing an investment service for which it is accountable.

A Swedish bank or securities broker that has received authorization from the Swedish Financial Supervisory Authority to provide investment services belongs to the investor compensation scheme. The scheme also covers assets deposited with a branch of a Swedish institution in another EEA member state.

Upon submission of an application, the Debt Office may also decide to allow the investor compensation scheme to cover assets deposited with a branch of a Swedish institution in a country outside the EEA or, pursuant to certain conditions, a Swedish branch of a foreign institution.

An institutional investor covered by the investor compensation scheme may not itself be compensated by the scheme.

EEA

The European Economic Area (EEA) includes all EU member states and the EFTA member states of Iceland, Liechtenstein and Norway.

Financial instruments

Financial instruments are defined in the Securities Market Act

The Securities Market Act (2007:528), only available in Swedish