Mapping of technical and legal constraints regarding liquidity management tools in the Swedish Premium Pension system
FTN has mapped which liquidity management tools are currently assessed as technically and legally feasible to use on the premium pension fund platform.
In light of the new rules on liquidity management tools entering into force on 1 July 2026, FTN, with the support of the Swedish Pensions Agency, has examined the technical and legal possibilities to use these tools within the premium pension fund platform.
A summary of the conclusions (attached) is now being shared with the market in order to clarify which possibilities and limitations currently exist.
Brief overview of the contents of the memorandum
- The memorandum sets out which liquidity management tools are assessed as being compatible with the Swedish Pensions Agency’s fund platform and the applicable fund agreements for application based and procured funds within the premium pension system
- The memorandum is intended as factual background ahead of the implementation of new EU rules in Sweden, so that fund managers can take into account the constraints that exist within the premium pension system when introducing liquidity management tools.