The Swedish Finansinspektionen Introduce New Reporting Portal FIDAC

April 28, 2021 -Finansinspektionen announced that the existing reporting systems will be replaced by a new system FIDAC.

The reporting entities will submit the EU-regulated reporting for credit institutions and securities companies and the national quarterly reports for occupational pension undertakings via the new portal FIDAC. All other reporting will be migrated to FIDAC gradually and will be communicated further before each stage.

EBA Framework will be collected via FIDAC in XBRL format starting as of reference date 30 June 2021, except for the Remuneration (REM) module which will be submitted with reference date 31 December 2020. More information about the submission method and a FIDAC reporting manual will be published on in mid-May.

Finansinspektionen will require reporting entities to use Finansinspektionen institute number EUCLID as the identifier and thus, the LEI code will no longer be accepted.

For more information please visit: Finansinspektionen website

Jurisdiction: Sweden

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