Start Your Own Financial Institution
Laws
A Credit Union, also known as Savings & Loan association or "sparkassa" in Swedish, is exempted from supervision and license requirements as long as it is properly formed and registered and complies with the membership limit of maximum 1000 members at any time. The exemption from license requirements is included in chapter 2, section 7 of the Swedish law (2004:297) regulating banking and financial activities.

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