Database

The Financial Services Authority requires 'immediate' access to data in its market supervision which, according to business, the supervisory body interprets as been given physical access to servers. Accordingly, Swedish financial services providers are de facto required to maintain all its their records inside Swedish jurisdiction.

In relation to specific government authorities, there are certain provisions which might require the data processed by the authority to be held within Sweden or within the authority. This might affect the supply of cloud computing to public authorities.

In Sweden, documents such as a company’s annual reports, balance sheets and annual financial reports must be physically stored in Sweden for a period of seven years.