Swedsec licenses the financial sector
Swedsec Licensiering AB
Swedsec was founded after the turn of the millennium to strengthen confidence in the Swedish financial sector. Our focus is on ensuring that employees working in the sector are competent and suitable. We accomplish this by means of our licensing exams, our annual knowledge updates and our disciplinary procedures. Today, we are a cornerstone of consumer protection in the Swedish financial market.
Swedsec Licensiering AB was founded by the Swedish Securities Market Association, which is the sector body for companies that operate in the securities market and are under the supervision of Finansinspektionen. Swedsec’s licensing programme thus constitutes self-regulation by the sector and is based on voluntary compliance. Whether or not companies wish to affiliate with the system is at their discretion. Approx. 300 companies are currently affiliated with Swedsec and approx. 25,000 of their employees are licence holders with active licences. In addition, nearly 10,000 hold inactive licences.
Swedsec’s operations are based on self-regulation
Swedsec’s business is based on self-regulation, which means that it is the financial market players who have come together and created a licensing system for their staff.
Swedsec promotes a sustainable financial market
Swedsec has a strong focus on ESG in the financial sector. Swedsec’s licensing programmes have been contributing to a sustainable financial market for many years – through focus on knowledge, regulatory compliance and consumer protection.
Swedsec is also furthering compliance with the knowledge requirements set down in various laws and regulations by providing licensing exams for various professional categories in the financial sector. Swedsec also contribute to ensuring that knowledge is retained and augmented through the annual knowledge update. Thorough understanding and solid knowledge facilitate due and proper performance of their duties by employees in the financial sector. This knowledge and Swedsec’s disciplinary procedures encourage compliance. Combined with an ethical approach, this contributes to upholding consumer protection in the financial sector.
More about Swedsec
More information about Swedsec Licensiering AB can be found on Swedsec’s website.