Fintech 2026

SWEDEN CONTENTS

6.7 Rules of Payment for Order Flow p.792 6.8 Market Integrity Principles p.793 7. High-Frequency and Algorithmic Trading p.793 7.1 Creation and Usage Regulations p.793 7.2 Requirement To Be Licensed or Registered as a Market Maker When Functioning in a Principal Capacity p.793

7.3 Regulatory Distinction Between Funds and Dealers p.793 7.4 Regulation of Programmers and Programming p.794 8. Insurtech p.794 8.1 Underwriting Processes p.794 8.2 Treatment of Different Types of Insurance p.794 9. Regtech p.794 9.1 Regulation of Regtech Providers p.794 9.2 Contractual Terms to Ensure Performance and Accuracy p.794 10. Blockchain p.794 10.1 Use of Blockchain in the Financial Services Industry p.794 10.2 Local Regulators’ Approach to Blockchain p.795 10.3 Classification of Blockchain Assets p.795 10.4 Regulation of “Issuers” of Blockchain Assets p.795 10.5 Regulation of Blockchain Asset Trading Platforms p.795 10.6 Staking p.795

10.7 Crypto-Related Lending p.795 10.8 Cryptocurrency Derivatives p.795 10.9 Decentralised Finance (DeFi) p.795 10.10 Regulation of Funds p.795 10.11 Virtual Currencies p.796 10.12 NFTs p.796 10.13 Stablecoins p.796 11. Open Banking p.796 11.1 Regulation of Open Banking p.796 11.2 Concerns Raised by Open Banking p.796 12. Fraud p.796 12.1 Elements of Fraud p.796

12.2 Areas of Regulatory Focus p.797 12.3 Responsibility for Losses p.797

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