Storebrand ASA: SPP Pension & Försäkring AB (publ) (SPP) appeal rejected by Swedish court
Kammarrätten (Swedish court) have today decided to reject Storebrand's subsidiary SPP appeal of the Administrative Court of Stockholm judgement from 9. December 2015. The judgement from 2015 was in respect of an appeal lodged by SPP against a decision issued by the Swedish Financial Supervisory Authority (FI) on 5 December 2014, in which FI refused permission to include the subordinated loan (ISIN SE0005731882) in the capital base. The loan is today not included in the capital base and todays judgement does consequently not affect the solvency ratio under today's Solvency regulations.