Thursday, April 23, 2015

Amortization requirement placed on ice – the situation is unclear – Private Businesses

Financial Supervisory Authority (FI) agrees that an amortization requirements needs to be in place. But since among others Appeal in Jönköping believes that the legal basis for FI to decide on amortization requirements shortcomings added plans on ice.

FI believes that appeal are wrong and that the authority has the right to impose a repayment requirements. But FI parts while the Administrative Court’s view that there can not be any doubt about the rules that affect many households for a long time.

FI therefore finds that the agency’s mandate to develop rules in this area needs to be clarified. Until further notice FI to defer further rulemaking, writes FI in a statement, noting that it therefore will not be included any repayment requirement on 1 augusti 2015th

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