# EDGAR Filing Document

**Accession Number:** 0001534653
**File Stem:** 0001534653-25-000008
**Filing Date:** 2025-6
**Character Count:** 109617
**Document Hash:** 5d07ee248f7e5d584081c29cb70bd2eb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001534653-25-000008.hdr.sgml**: 20250606

**ACCESSION NUMBER**: 0001534653-25-000008

**CONFORMED SUBMISSION TYPE**: SBSE-A/A

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20250603

**DATE AS OF CHANGE**: 20250606

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Skandinaviska Enskilda Banken AB (publ)
- **CENTRAL INDEX KEY:** 0001534653

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** V7
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SBSE-A/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 026-00138
- **FILM NUMBER:** 251029351

**BUSINESS ADDRESS:**
- **STREET 1:** KUNGSTRADGARDSGATAN 8
- **CITY:** STOCKHOLM
- **STATE:** V7
- **ZIP:** 106 40
- **BUSINESS PHONE:** (212) 907-4700

**MAIL ADDRESS:**
- **STREET 1:** KUNGSTRADGARDSGATAN 8
- **CITY:** STOCKHOLM
- **STATE:** V7
- **ZIP:** 106 40

### Attached PDF Documents

**Attachment 1:** `Dec2021opinionofcounsel.PDF`

Gernandt &amp; Danielsson

16 December 2021

Skandinaviska Enskilda Banken AB (publ)
Kungsträdgårdsgatan 8
111 47 Stockholm
Sweden

# Opinion of counsel regarding access to books and records

## 1 Introduction

1. Rule 15Fb2-4(c)(1)(ii) promulgated under the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”), requires a non-resident1 security-based swap dealer applying for registration with the United States Securities and Exchange Commission (the “Commission”) to provide the Commission with an opinion of counsel that the non-resident security-based swap dealer can, as a matter of law, provide the Commission with prompt access to the books and records of such non-resident security-based swap dealer, and can, as a matter of law, submit to onsite inspection and examination by the Commission.

2. Gernandt &amp; Danielsson Advokatbyrå KB (“we”) have been asked by Skandinaviska Enskilda Banken AB (publ), reg. no. 502032-9081 (“SEB”) to render such an opinion of counsel.

3. Consequently, this opinion of counsel (the “Opinion”) addresses the ability of SEB, as a matter of Swedish law, to provide prompt access to its Books and records (as defined below) to the Commission as well as to submit to onsite inspection and examination by the Commission, as a non-resident security-based swap dealer registered with the Commission.

## 2 Assumptions

4. In rendering this Opinion, we have made the following assumptions.

5. “Books and records” means documents, electronic media, and books and records within the possession, custody, and control of, and other

1 Defined in Exchange Act Rule 15Fb2-4(a)(2) as a corporation incorporated in or having its principal place of business in any place not in the United States.

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information about SEB with respect to all services, activities and conduct of SEB related to security-based swaps (as such term is defined in the Exchange Act)2 that are part of the U.S. business3 of SEB and governed by U.S. laws and regulations applicable to the Commission and Swedish laws and regulations applicable to SEB, and which may include personal data.4

6. The Books and records of SEB will be held in Sweden.

7. The Books and records of SEB will include information identifying the counterparties to SEB’s security-based swap transactions, who are SEB’s customers for purposes of the transactions. The Books and records of SEB will include personal data5, for example in the form of staff lists, director details, employee disciplinary history, employment applications and/or questionnaires, employee personal trading records, financial transaction records, customer agreements, internal communications, and/or documents relating to service providers such as consultants and auditors. The

2 The term “Books and records” as used in this Opinion includes any such books and records held by a third party, located outside of the United States. In accordance with Exchange Act Rule 18a-6(f), SEB has required any such third party to file with the Commission a written undertaking in the form acceptable to the Commission, signed by a duly authorized person, to the effect that such records are the property of SEB and will be surrendered promptly on request of SEB and include the following provision:

“With respect to any books and records maintained or preserved on behalf of SEB, the undersigned hereby undertakes to permit examination of such books and records at any time or from time to time during business hours by representatives or designees of the Securities and Exchange Commission, and to promptly furnish to said Commission or its designee true, correct, complete, and current hard copies of any or all or any part of such books and records.”

3 “U.S. business” is defined in Exchange Act Rule 3a71-3(a)(8)(i) of the Exchange Act, with respect to a foreign security-based swap dealer, as: (i) any security-based swap transaction entered into, or offered to be entered into, by or on behalf of such foreign security-based swap dealer, with a U.S. person (other than a transaction conducted through a foreign branch of that person); or (ii) any security-based swap transaction arranged, negotiated, or executed by personnel of the foreign security-based swap dealer located in a U.S. branch or office, or by personnel of an agent of the foreign security-based swap dealer located in a U.S. branch or office.

4 Although this Opinion is limited to the Books and records of the U.S. business of SEB, SEB has represented to us in order to prepare this Opinion, that any Books and records that are kept in the United States are held in accordance with the laws of the Commission and that SEB will submit to onsite inspections and examinations with respect to those Books and records. See Cross-Border Application of certain Security-Based Swap Requirements. SEC Release No. 34-87780 at 6296. SEB has required any third party located in the United States that holds any books and records related to its security-based swap business to provide the Commission with the undertaking required under Exchange Act Rule 18a6(f) discussed in footnote 2 above.

5 “Personal data” is defined in Article 4(1) of Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data (General Data Protection Regulation (the “GDPR”)) as any information relating to an identified or identifiable natural person (‘data subject’); an identifiable natural person is one who can be identified, directly or indirectly, in particular by reference to an identifier such as a name, an identification number, location data, an online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural or social identity of that natural person.

Gernandt &amp; Danielsson

requested information may include criminal records data6 and special category data7 under the GDPR.

8. The requests will be related to specific clients and accounts, and employees. The Commission will limit the type and amount of personal data to targeted requests based on risk, and will use what it obtains only for its own lawful, regulatory purpose.8

9. The examinations made by the Commission will be non-public and the information, data and documents will be maintained in a secured manner and under strict U.S. laws of confidentiality.9

10. The frequency of the Commission requests will not generally be large-scale or systematic, nor will they be regular and/or predictable.10

11. For purposes of SEB’s transactions and activities as a non-resident security-based swap dealer, SEB’s counterparties are also its customers. These terms are consequently used interchangeably. Each such counterparty of SEB will execute an ISDA 2021 SBS Protocol Agreement (or an ISDA 2021 SBS Top-Up Protocol if such person has previously provided SEB with the information included in the ISDA August 2012 DF Protocol), including consent to regulatory disclosures of their information.

12. There are no provisions of the laws of any jurisdiction other than Sweden, which would have any implications on this Opinion.

## 3 Our opinions

13. Subject to the following qualifications, SEB can, as a matter of law, provide prompt access to its Books and records located in Sweden to the Commission as well as to submit to onsite inspection and examination by the Commission, once registered (or conditionally registered) with the Commission as a non-resident security-based swap dealer.

14. The foregoing opinion is made taking into account that the Commission has not made a substituted compliance determination in respect of Sweden nor entered into a memorandum of understanding with the Swedish

6 This type of personal data may only be processed if certain requirements are fulfilled, e.g., following authorisation from the Swedish Authority for Privacy Protection (Sw. Integritetsskyddsmyndigheten).

7 Special category data refers to data revealing racial or ethnic origin, political opinions, religious or philosophical beliefs, or trade union membership, and the processing of genetic data, biometric data for the purpose of uniquely identifying a natural person, data concerning health or data concerning a natural person’s sex life or sexual orientation.

8 https://ico.org.uk/media/for-organisations/documents/2619110/sec-letter-20200911.pdf, p.2.

9 https://ico.org.uk/media/for-organisations/documents/2619110/sec-letter-20200911.pdf, pp. 2-3.

10 https://ico.org.uk/media/for-organisations/documents/2619110/sec-letter-20200911.pdf, p. 6.

Gernandt &amp; Danielsson

Financial Supervisory Authority (Sw. Finansinspektionen), SEB’s financial regulatory authority, providing the Commission with adequate assurances of: (i) prompt access to the books and records of SEB; and (ii) the ability of SEB to submit to onsite inspection and examination by the Commission.

15. The foregoing opinion must be qualified with respect to two distinct legal considerations: (i) requirements and restrictions that follow from Swedish bank secrecy; and (ii) requirements and restrictions that follow from Swedish data protection legislation.

## 3.1 Information that is subject to bank secrecy

16. According to Chapter 1, Section 10 of the Swedish Banking and Financing Business Act (Sw. lag (2004:297) om bank- och finansieringsrörelse) bank secrecy protects information pertaining to a customer of a Swedish credit institution by prohibiting unauthorised (Sw. obehörig) disclosure of such information.

17. There is no general exception from bank secrecy in relation to disclosures to Swedish or foreign authorities. However, disclosure of information to a foreign authority is permitted, as it is not unauthorised, if there is a legal obligation to make such disclosure, if the customer has consented to the disclosure, or if there is a sufficiently considerable legitimate interest for the credit institution to make the disclosure.

### Disclosure based on consent

18. Each counterparty of SEB will sign a consent to regulatory disclosure by SEB of their information to the Commission.11

19. The consent specifies the scope and reason for disclosure and the information that may be included in such disclosures. The consent makes clear and explicit reference to waiver of bank secrecy.12

20. The consent of SEB’s customers consequently constitutes a valid legal basis to enable SEB, as a matter of law, notwithstanding Swedish bank secrecy, to provide the Commission with prompt access to its Books and records and to submit to the onsite inspection and examination by the Commission.

---

11 See para. 11 above.

12 See para. 2.5 of SBS I Schedule 2 to the ISDA SBS Protocol Supplement I and para. 2.5 of SBS II Schedule 2 to the ISDA SBS Protocol Supplement II to Protocol Covered Agreements (as defined in the ISDA 2021 SBS Protocol), and para. I (B) of Appendix 1 to the ISDA 2021 SBS Top-Up Protocol.

Gernandt &amp; Danielsson

21. However, a customer’s consent may be withdrawn at any time, regardless of whether the consent is constructed to remain valid for a certain period of time. If a customer were to withdraw its consent as referred to in para. 11 above, SEB would need to rely on an alternative basis in order for a disclosure of that customer’s information to the Commission to be permitted notwithstanding Swedish bank secrecy.

*Disclosure based on requirement pursuant to a foreign legislation*

22. In the Swedish legal doctrine, there are statements supporting both a more permitting view in relation to the possibilities of disclosing information to foreign authorities, and those positing that a more restrictive view should apply.

23. There are statements in the Swedish legal doctrine that on the outset, the right to disclose confidential information subject to bank secrecy is in principle limited to Swedish authorities and primarily when there is a disclosure obligation prescribed by law. More precisely, it is stated that:

&gt; “[t]he ongoing internationalisation of society means that more and more individuals and companies are coming into contact with foreign authorities concerning their financial situation. This may create an interest amongst the foreign authorities to form perceptions about Swedish legal entities, whereby information about them held by Swedish financial institutions could be important. However, the Swedish financial secrecy is prescribed in Swedish law and exceptions from it should only be made in cases that are accepted by the Swedish legal system. The starting point should therefore be that the right of Swedish financial institutions to provide information to authorities notwithstanding financial secrecy is in principle limited to disclosures made to Swedish authorities, and primarily when an obligation to provide information is prescribed by law.”13

24. However, it has also been stated in the Swedish legal doctrine that if applicable foreign legislation requires a Swedish credit institution conducting activities in a foreign jurisdiction to disclose confidential information, complying with such disclosure requirements is normally not

13 Jansson, P. (2010) *Banksekretess och annan finansiell sekretess* [Bank secrecy and other financial secrecy], p. 167. *Svenska bankföreningen*. N.B., this is an in-house translation. Please see Appendix 1 for the original untranslated language.

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considered to be unauthorised for purposes of Swedish bank secrecy. More precisely, it is stated that:

"[i]f the legislation in a country where a financial institution has operations requires the disclosure of information, it must, after a standard confidentiality review, normally be considered compatible with the Swedish bank secrecy rules to comply with such disclosure requirements."14

25. The position strictly under Swedish law is not entirely unequivocal. However, the preferred view in our opinion is that the former statement in the legal doctrine (para. 23) should be understood as a general rule, which is superseded by the more specific statements (para. 24) that apply when a foreign authority’s right to request or require disclosure of information is legally binding and mandatory for the Swedish credit institution to comply with under applicable foreign laws and regulations.

26. The foregoing allows us to form a reasonable belief that Swedish bank secrecy would not prohibit SEB from providing the Commission with prompt access to its Books and records or from submitting to onsite inspection and examination by the Commission in situations where the consent of a customer cannot be relied on by SEB.

## 3.2 Information that constitutes personal data

27. The GDPR governs the processing of personal data in the context of the activities of an establishment of a natural or legal person in the European Union, regardless of whether the processing takes place in the European Union or not.

28. The GDPR generally restricts transfers of personal data to a third country (i.e., outside the European Union/European Economic Area), and sets out a limited number of transfer mechanisms which permit such transfers. SEB may transfer the personal data included in the Books and records to the Commission, based on the following transfer mechanisms:

14 Ibid, p. 226. N.B., this is an in-house translation. Please see Appendix 1 for the original untranslated language.

Gernandt &amp; Danielsson

(i) appropriate safeguards in the form of standard contractual clauses adopted by the European Commission15 (the “SCCs”) pursuant to Article 46(2)(c) of the GDPR;

(ii) appropriate safeguards in the form of contractual clauses subject to authorisation from the Swedish Authority for Privacy Protection pursuant to Article 46(3)(a) of the GDPR (an “ad hoc transfer agreement”); and/or

(iii) derogations for specific situations in the form of important reasons of public interest pursuant to Article 49(1)(d) of the GDPR.

## Transfers of personal data based on SCCs

29. In order to transfer the personal data to the Commission, SEB and the Commission may apply standard data protection clauses adopted by the European Commission pursuant to Article 46(2)(c) of the GDPR, ensuring appropriate data protection safeguards.

30. The Commission will be the controller of personal data that SEB transfers to it.16 As a data controller and data importer, the Commission shall, *inter alia*:

(i) ensure that the data subjects are afforded a level of protection essentially equivalent to that guaranteed within the European Union by the GDPR;

(ii) submit to the jurisdiction of SEB’s establishment, including a commitment to abide by any binding decisions under the laws of Sweden (i.e., respond to enquiries, submit to audits and comply with measures adopted by the Swedish Authority for Privacy Protection, including with respect to remedial and compensatory measures); and

(iii) warrant that it has no reason to believe that the laws and practices in the U.S., including any requirements to disclose personal data or measures authorising access by

---

15 Commission Implementing Decision (EU) 2021/914 of 4 June 2021 on standard contractual clauses for the transfer of personal data to third countries pursuant to Regulation (EU) 2016/679 of the European Parliament and of the Council.

16 With respect to both parties being separate controllers of the personal data, “Module I” of the SCCs shall apply (“controller to controller”).

Gernandt &amp; Danielsson

public authorities, prevent the Commission from fulfilling its obligations under the SCCs.17

31. Should the Commission accept the use of the SCCs, the application of the SCCs would enable SEB, as a matter of law, to transfer personal data in its Books and records to the Commission.

*Transfers of personal data based on an ad hoc transfer agreement*

32. Subject to the authorisation from the Swedish Authority for Privacy Protection, appropriate safeguards may also be provided for by an *ad hoc* transfer agreement between SEB and the Commission pursuant to Article 46(3)(a) of the GDPR.

33. The *ad hoc* transfer agreement shall ensure compliance with data protection requirements and the rights of the data subjects appropriate to processing within the European Union, including the availability of enforceable data subject rights and of effective legal remedies, including to obtain effective administrative or judicial redress and to claim compensation, in the European Union or in a third country. They should relate, in particular, to compliance with the general principles of personal data processing, the principles of data protection by design and by default.18

34. Should the Commission accept to enter into an *ad hoc* transfer agreement with SEB, the *ad hoc* transfer agreement would enable SEB, as a matter of law, to transfer personal data in its Books and records to the Commission.

*Transfers of personal data based on important reasons of public interest*

35. In the absence of SCCs or an *ad hoc* transfer agreement, SEB may transfer personal data to the Commission if the transfer is necessary for important reasons of public interest, pursuant to Article 49(1)(d) of the GDPR. A public interest shall be recognised in European Union law or in Swedish law, including the spirit of reciprocity for international cooperation. Article 49(1)(d) of the GDPR must be interpreted restrictively so that the derogation does not become the rule.

36. Sweden and the U.S. are members of the International Organization of Securities Regulators Organization of Securities Commissions (“IOSCO”), which forms an international cooperative organization for

17 C-311/18, *Data Protection Commissioner v. Facebook Ireland Ltd*, Maximillian Schrems, para. 105; SCCs, Section II, Clause 13(b); SCCs, Section III, Clause 14(a).

18 Recital 108 of the GDPR.

Gernandt &amp; Danielsson

securities regulators based on an international agreement. The IOSCO Objectives and Principles of Securities Regulation19 states that a regulator should be empowered to assist and provide information necessary to foreign regulators in the discharge of their mandate and mission, and that that information gathering powers would be insufficient to ensure proper regulation, supervision and enforcement of markets without this ability.20 In addition, it is stated that globally active regulated entities must be subject to information sharing on an ad hoc basis and in a more organized and specific manner.21 Based on the IOSCO cooperation, and in the manner in which we assume that the Commission would collect and process personal data, we are able to form a reasonable belief that SEB may transfer the personal data in its Books and records to the Commission based on important reasons of public interest.

37. For a transfer of personal data to be permitted based on important reasons of public interest, the transfer must be strictly necessary and proportionate in relation to the public interest pursued. Based on the assumptions as set forth in paras. 8-10 above, we are able to assess that the transfer is strictly necessary and proportionate.

### 3.3 Concluding opinion

38. In relation to SEB’s ability, notwithstanding Swedish bank secrecy provisions, to provide prompt access to its Books and records to the Commission as well as to submit to onsite inspection and examination by the Commission, as a non-resident security-based swap dealer registered with the Commission, it is our opinion:

(i) that SEB does have such ability, as a matter of law, based on the customers’ consent to SEB’s disclosure of such information; and

(ii) that we have a reasonable belief that SEB would nevertheless have such ability, as a matter of law, if a customer’s consent were to be withdrawn.

39. In relation to SEB’s ability, notwithstanding Swedish data protection provisions, to provide prompt access to its Books and records to the

---

19 https://www.iosco.org/library/pubdocs/pdf/IOSCOPD561.pdf, 2021-08-18.

20 Item 15, Section D of the IOSCO Objectives and Principles of Securities Regulation; Methodology for Assessing Implementation of the IOSCO Objectives and Principles of Securities Regulation (2017), p. 91, https://www.iosco.org/library/pubdocs/pdf/IOSCOPD562.pdf. See also Principles Regarding Cross-Border Supervisory Cooperation, Final Report (2010), https://www.iosco.org/library/pubdocs/pdf/IOSCOPD322.pdf.

21 Methodology for Assessing Implementation of the IOSCO Objectives and Principles of Securities Regulation, (2017), p. 83, https://www.iosco.org/library/pubdocs/pdf/IOSCOPD562.pdf.

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Commission as well as to submit to onsite inspection and examination by the Commission, as a non-resident security-based swap dealer registered with the Commission, it is our opinion:

(i) that SEB does have such ability, as a matter of law, to the extent that SEB and the Commission would apply the SCCs or enter into an ad hoc transfer agreement; and
(ii) that we have a reasonable belief that SEB would nevertheless, in the absence of applicable SCCs or an ad hoc transfer agreement have such ability, as a matter of law, based on important reasons of public interest.

40. Otherwise than as specifically opined upon in paras. 36 and 37 above, SEB is able, as a matter of Swedish law, to provide prompt access to its Books and records to the Commission as well as to submit to onsite inspection and examination by the Commission, as a non-resident security-based swap dealer registered with the Commission.

## 4 Miscellaneous

41. This Opinion does not address contracts entered into prior to the date on which SEB submits an application for registration as a security-based swap dealer pursuant to Section 15F(b) of the Exchange Act.
42. The opinions set forth in this Opinion are confined to matters of Swedish and EU law as in force at the date of this Opinion, and no opinion is expressed as to the laws of any other jurisdiction.
43. In this Opinion, Swedish legal concepts are described in English terms and not by their original Swedish terms. The concepts concerned may not correspond to the concepts described by the same English terms as they exist under the laws of other jurisdictions. This Opinion may, therefore, only be relied upon on the express condition that any issues of interpretation or liability arising hereunder will be governed by Swedish law and be brought before a Swedish court.
44. The opinions set forth in this Opinion are strictly limited to the matters stated in this Opinion and the date of this Opinion and are not to be read as extending by implication to any other matters or points in time. We assume no obligation to update this Opinion or advise you of any changes of Swedish law or the interpretation thereof subsequent to the date of this Opinion.
45. The headings used in this Opinion are used for convenience only and shall not affect the interpretation of this Opinion.

11

46. This Opinion may not, without our prior written consent, be relied on for any other purpose than as set out in Section 1 or relied on by any other person than SEB. However, in accordance with Sec Rule 15b2-4c1(ii) this Opinion will be provided to the Commission as part of SEB’s security-based swap registration application and may be disclosed to the Swedish Financial Supervisory Authority or otherwise as necessary or appropriate in connection with SEB’s application for registration as a security-based swap dealer pursuant to Section 15F(b) of the Exchange Act.

47. Any liability of Gernandt &amp; Danielsson Advokatbyrå KB, its partners and its employees in connection with this Opinion shall be limited to the amount payable under this firm’s professional liability insurance.

48. This Opinion shall be governed by and construed in accordance with Swedish law.

***

Gernandt &amp; Danielsson

Yours sincerely,

GERNANDT &amp; DANIELSSON ADVOKATBYRÅ KB

![img-0.jpeg](img-0.jpeg)

Niclas Rockborn

Partner

Gernandt &amp; Danielsson Advokatbyrå KB

Dir +46 8 670 66 46

Mob +46 734 15 26 46

niclas.rockborn@gda.se

Nils Unckel

Partner

Gernandt &amp; Danielsson Advokatbyrå KB

Dir +46 8 670 66 59

Mob +46 734 15 26 59

nils.unckel@gda.se

Gernandt &amp; Danielsson
13

## Appendix 1

### Statement as referred to in para. 23 in original Swedish language

"Samhällets fortgående internationalisering gör att allt flera privatpersoner och företag kommer i kontakt med utländska myndigheter på sådant sätt som angår deras ekonomiska förhållanden. Detta kan skapa ett intresse hos de utländska myndigheterna att bilda sig uppfattningar om svenska rättssubjekt, varvid information som finns om dem hos svenska finansinstitut skulle kunna vara betydelsefull. Den svenska finansiella sekretessen är dock föreskriven i svensk lag och undantag från den bör endast göras i fall som kan godtas av den svenska rättsordningen. Utgångspunkten bör därför vara att rätten för svenska finansinstitut att med genombrytande av den finansiella sekretessen till myndigheter lämna upplysningar om sina kunder i princip är inskränkt till att gälla svenska myndigheter och därvid i första hand när en upplysningsskyldighet är föreskriven i lag."

### Statement as referred to in para. 24 in original Swedish language

"Om lagstiftningen i ett verksamhetsland kräver uppgiftslämnande, måste det efter sedvanlig sekretessprövning normalt anses förenligt med det svenska obehörighetsrekvisitet att sådana krav tillgodoses."

**Attachment 2:** `Item11.pdf`

Response to item 11 of form SBSE-A

Skandinaviska Enskilda Banken AB ("SEB") is a Swedish Credit Institution licensed by Finansinspektionen (the Swedish supervisor) to provide banking and investment services. The shares of SEB are admitted to trading on Nasdaq OMX Stockholm, i.e. the Swedish regulated market for trading in equities operated by Nasdaq OMX Nordic. SEB is the parent company of the SEB Group.

The business activities of the SEB Group are carried out through the six Divisions; Corporate &amp; Investment Banking (CIB), Wealth &amp; Asset Management (WAM), Business &amp; Retail Banking (BRB), Life, Investment Management and Baltic. Investment Banking (IB) is a business area within CIB.

The Corporate &amp; Investment Banking division serves large corporate customers and financial institutions and offers advisory-driven commercial and investment banking services in the Nordic region, Germany, United Kingdom and through an international presence. The division has a full-service Offering supporting enterprises with capital and offering investment opportunities for pension funds and other investors. Customers are offered equity and debt capital markets transaction services, bilateral and syndicated loans as well as advice relating to acquisitions, divestments and mergers; products and services for managing customers' working capital and trade finance; brokerage and trading in foreign exchange, securities, interest rates, commodities and other derivatives; funds and other investment products; post-trade investor services such as custody, risk and valuation services and collateral management; macroeconomic analysis and securities research.

The Wealth &amp; Asset Management division offers asset management and investment advisory services and solutions, multi asset sales and execution, financing solutions, financial infrastructure (such as accounts, custody and reporting), administrative support and other relevant financial products and services to High/Ultra High Net Worth individuals, entrepreneurs, executives and professionals, professional Family Offices, family owned industrial holding and investment management companies and foundations. At present the division shall offer its services in the Nordic region, Germany, United Kingdom and through an international presence out of Luxembourg.

The Business &amp; Retail Banking division serves private and corporate home bank customers in Sweden with universal and everyday banking services offered to private individuals and smaller companies. In addition, banking and advisory services are provided to medium-sized companies.

The Baltic division provides universal banking and advisory services to private individuals and all corporate customer segments in Estonia, Latvia and Lithuania.

The Life and Investment management division provides life insurance and asset management products and services for private individuals, companies and financial institutions primarily in the Nordic and Baltic regions. The insurance offering covers mainly unit-linked, portfolio bond, and traditional insurance as well as health and sickness insurance. The asset management offering is composed of a broad range of mutual funds and tailored portfolios for institutional investors as well as retail and private banking clients.

**Attachment 3:** `Items13A13B.pdf`

Item 13A - Brief description

Bloomberg - Bloomberg Vault
Organization Name: Bloomberg Finance L.P.
Effective date: 23 June 2014
Address:
BLOOMBERG FINANCE L.P.
731 Lexington Avenue
New York, NY 10022

Short description:
Bloomberg Vault is used for storing and surveillance of communication data such as email and chat. The system is maintained by Bloomberg and SEB is entering and accessing data through system GUI as well as interfaces.

TS Imagine - SwapOne
Organization Name: TS Imagine
Effective date: 20 May 2021
Address:
125 West 25th St, 8th Floor
New York, NY 10001
United States of America

Short description:
SwapOne is used for position keeping and life cycle management of equity swaps. The system is maintained by TS Imagine and SEB is entering and accessing data through system GUI as well as interfaces.

S&amp;P Global Market Intelligence - ISDA Amend
Organization Name: S&amp;P Global Market Intelligence
Effective date: 12 December 2012
Address:
4th floor, Ropemaker Place
25 Ropemaker Street
London EC2Y 9LY
United Kingdom

Short description:
ISDA Amend is used for making and storing regulatory elections, declarations and securely permission information to trading counterparties via ISDA protocols. The system is maintained by S&amp;P and SEB is entering and accessing data through system GUI.

Item 13B - Brief description

Organization Name: JP Morgan AG, Frankfurt
Effective date: 23 October 2020
Address:
Taunustor 1
60310 Frankfurt am Main
Germany

Short description:
JP Morgan AG, Frankfurt is the Clearing Member for CDS trades cleared at LCH CDSClear, which SEB uses for clearing single-name and iTraxx CDS at that CCP.

Organization Name: BNP Paribas Securities Services London
Effective date: 1st February 2005
Address:
10 Harewood Avenue
London NW1 6AA
United Kingdom

Short description:
The service arrangement includes custody, settlement and services regarding tax and corporate events.

**Attachment 4:** `Amendments.pdf`

SEB

# Amendment to Form SBSE-A

SBSE-A/A: Amendment to an application for registration of Security-based Swap Dealers and Major Security-based Swap Participants that are registered or registering with the Commodity Futures Trading Commission as a Swap Dealer or Major Swap Participant

The applicant has made the following amendments to Form SBSE-A.

- Individual Principal has been removed in Schedule A: Helena Ildiko Saxon
- Individual Principal has been removed in Schedule A: Sven Olov Nyman
- Individual Principal has been added in Schedule A: Jan Erik Back
- Individual Principal has been added in Schedule A: Eva-Kristiina Lindholm Ispahani
- Individual Principal in Schedule A has ownership interest in the applicant: Lars Johan Ottersgard
- Individual Principal in Schedule A has ownership interest in the applicant: Anna-Karin Glimstroem
- Individual Principal in Schedule A has ownership interest in the applicant: Jacob Aarup Andersen
- Individual Principal in Schedule A has ownership interest in the applicant: John Flint
- Individual Principal in Schedule A has ownership interest in the applicant: Svein Tore Holsether
- Address of United States person applicant designates and appoints as agent for service of process in Schedule F.

Form 7-R has been amended to reflect updated:

- U.S. Address for the Production of Business Records

1(1)

**Attachment 5:** `SEBAB_SBSD_7R.pdf`

NFA

# Business Information

Viewed on March 05, 2025

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

| Name | SKANDINAVISKA ENSKILDA BANKEN AB PUBL |
| --- | --- |
| Form of Organization | LIMITED LIABILITY COMPANY |
| Country | SWEDEN |
| Federal EIN | 98-0236707 |
| Business Address |  |
| Street Address 1 | KUNGSTRÄDGÄRDSGATAN 8 |
| City | STOCKHOLM |
| Zip/Postal Code | SE 10640 |
| Country | SWEDEN |
| Phone Number | +46704622702 |
| Fax Number | N/A |
| Email | JOAKIM.LINDBERG@SEB.SE |
| Website/URL | WWW.SEBGROUP.COM |
| CRD/IARD ID | 5020329081 |

OMB Numbers 3038-0023 (exp. April 30, 2026) &amp; 3038-0072 (exp. August 31, 2026)

NFA

Other Names

Viewed on March 05, 2025

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

SCANDINAVIAN BANK

ALIAS

SKANDINAVISKA ENSKILDA BANKEN

ALIAS

SEB

DBA IN USE

SEB AB

DBA IN USE

SKANDINAVISKA ENSKILDA BANKEN LONDON BRANCH

DBA NOT IN USE

SKANDINAVISKA ENSKILDA BANKEN NEW YORK BRANCH

DBA NOT IN USE

SKANDINAVISKA ENSKILDA BANKEN SINGAPORE BRANCH

DBA NOT IN USE

OMB Numbers 3038-0023 (exp. April 30, 2026) &amp; 3038-0072 (exp. August 31, 2026)
Page 1 of 1

NFA

# Location of Business Records

Viewed on March 05, 2025

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

| Street Address 1 | KUNGSTRÄDGÄRDSGATAN 8 |
| --- | --- |
| City | STOCKHOLM |
| Zip/Postal Code | SE-10640 |
| Country | SWEDEN |

OMB Numbers 3038-0023 (exp. April 30, 2026) &amp; 3038-0072 (exp. August 31, 2026)

NFA

# U.S. Address for the Production of Business Records

Viewed on June 03, 2025

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

| Office Of | SKANDINAVISKA ENSKILDA BANKEN, NEW YORK BRANCH |
| --- | --- |
| Street Address 1 | 66 HUDSON BLVD, 28TH FLOOR |
| City | NEW YORK |
| State | NEW YORK |
| Zip/Postal Code | 1001 |

OMB Numbers 3038-0023 (exp. April 30, 2026) &amp; 3038-0072 (exp. August 31, 2026)

NFA

# Non-U.S. Regulator Information

Viewed on March 05, 2025

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

List of Non-U.S. Regulator(s) During The Past 5 Years

| Country | Regulator Name |
| --- | --- |
| UNITED KINGDOM | FINANCIAL CONDUCT AUTHORITY |
| SINGAPORE | MONETARY AUTHORITY OF SINGAPORE |
| HONG KONG | HONG KONG MONETARY AUTHORITY |
| SWEDEN | THE SWEDISH FINANCIAL SUPERVISORY AUTHORITY |
| GERMANY | BUNDESANSTALT FÜR FINANZDIENSTLEISTUNGSAUFSICHT |
| NORWAY | FINANSTILSYNET (THE FINANCIAL SUPERVISORY AUTHORITY OF NORWAY) |
| FINLAND | FINANCIAL SUPERVISION AUTHORITY |
| DENMARK | DANISH FINANCIAL SUPERVISORY AUTHORITY |
| UNITED KINGDOM | PRUDENTIAL REGULATION AUTHORITY (PRA) |
| HONG KONG | SECURITIES & FUTURES COMMISSION |

OMB Numbers 3038-0023 (exp. April 30, 2026) &amp; 3038-0072 (exp. August 31, 2026)

NFA

Disciplinary Information - Criminal Disclosures

Viewed on March 05, 2025

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

For additional assistance and information on completing this page, refer to the Instructions and Definition of Terms at the beginning of this document.

THE QUESTIONS ON THIS PAGE MUST BE ANSWERED "YES" EVEN IF:

- ADJUDICATION OF GUILT WAS WITHHELD OR THERE WAS NO CONVICTION; OR
- THERE WAS A CONDITIONAL DISCHARGE OR POST-CONVICTION DISMISSAL AFTER SUCCESSFUL COMPLETION OF A SENTENCE; OR
- A STATE CERTIFICATE OF RELIEF FROM DISABILITIES OR SIMILAR DOCUMENT WAS ISSUED RELIEVING THE HOLDER OF FORFEITURES, DISABILITIES OR BARS RESULTING FROM A CONVICTION; OR
- THE RECORD WAS EXPUNGED OR SEALED; OR
- A PARDON WAS GRANTED.

THE QUESTIONS MAY BE ANSWERED "NO" IF THE CASE WAS DECIDED IN A JUVENILE COURT OR UNDER A YOUTH OFFENDER LAW.

For each matter that requires a "Yes" answer to Questions A, B or C below, a Criminal Disclosure Matter Page (DMP) must be filed using NFA's DMP Filing System that requests:

- who was involved;
- when it occurred;
- what the allegations were;
- what the final determination was, if any; and
- the date of the determination.

In addition, documents must be provided for each matter requiring a "Yes" answer that show:

- the charges;
- the classification of the offense, i.e., felony or misdemeanor;
- the plea, sentencing and probation information, as applicable;
- the final disposition; and
- a summary of the circumstances surrounding the criminal matter.

The documents may be provided electronically using the upload function in the DMP Filing System or sending them to NFA (See Instructions).

OMB Numbers 3038-0023 (exp. April 30, 2026) &amp; 3038-0072 (exp. August 31, 2026)

Viewed on March 05, 2025

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Question A

Has the firm ever pled guilty or nolo contendere ("no contest") to or been convicted or found guilty of any felony in any U.S., non-U.S. or military court?

No

Question B

Has the firm ever pled guilty to or been convicted or found guilty of any misdemeanor in any U.S., non-U.S. or military court which involves:

- embezzlement, theft, extortion, fraud, fraudulent conversion, forgery, counterfeiting, false pretenses, bribery, gambling, racketeering, or misappropriation of funds, securities or property; or
- violation of sections 7203, 7204, 7205 or 7207 of the Internal Revenue Code of 1986; or
- violation of sections 152, 1341, 1342 or 1343 or chapters 25, 47, 95 or 96 of the U.S. Criminal Code; or
- any transaction in or advice concerning futures, options, leverage transactions or securities?

No

Question C

Is there a charge pending, the resolution of which could result in a "Yes" answer to the above questions?

No

OMB Numbers 3038-0023 (exp. April 30, 2026) &amp; 3038-0072 (exp. August 31, 2026)

NFA

Disciplinary Information - Regulatory Disclosures

Viewed on March 05, 2025

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

For additional assistance and information on completing this page, refer to the Instructions and Definition of Terms at the beginning of this document.

For each matter that requires a "Yes" answer to Questions D, E, F, G, H or I below, a Regulatory DMP must be filed using NFA's DMP Filing System that requests:

- who was involved;
- when it occurred;
- what the allegations were;
- what the final determination was, if any;
- the date of the determination; and
- a summary of the circumstances surrounding the regulatory matter.

In addition, documents must be provided for each matter requiring a "Yes" answer that show:

- the allegations; and
- the final disposition.

The documents may be provided electronically using the upload function in the DMP Filing System or sending them to NFA (See Instructions).

OMB Numbers 3038-0023 (exp. April 30, 2026) &amp; 3038-0072 (exp. August 31, 2026)

Viewed on March 05, 2025

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

# Question D

In any case brought by a U.S. or non-U.S. governmental body (other than the CFTC), has a court ever permanently or temporarily enjoined the firm after a hearing or default or as the result of a settlement, consent decree or other agreement, from engaging in or continuing any activity involving:

- any transaction in or advice concerning futures, options, leverage transactions or securities; or
- embezzlement, theft, extortion, fraud, fraudulent conversion, forgery, counterfeiting, false pretenses, bribery, gambling, racketeering or misappropriation of funds, securities or property?

No

# Question E

In any case brought by a U.S. or non-U.S. governmental body (other than the CFTC), has the firm ever been found, after a hearing or default or as the result of a settlement, consent decree or other agreement, to:

- have violated any provision of any investment-related statute or regulation thereunder; or
- have violated any statute, rule, regulation or order which involves embezzlement, theft, extortion, fraud, fraudulent conversion, forgery, counterfeiting, false pretenses, bribery, gambling, racketeering or misappropriation of funds, securities or property; or
- have willfully aided, abetted, counseled, commanded, induced or procured such violation by any other person; or
- have failed to supervise another person's activities under any investment-related statute or regulation thereunder?

Yes

# Question F

Has the firm ever been debarred by any agency of the U.S. from contracting with the U.S.?

No

# Question G

Has the firm ever been the subject of any order issued by or a party to any agreement with a U.S. or non-U.S. regulatory authority (other than the CFTC), including but not limited to a licensing authority, or self-regulatory organization (other than NFA or a U.S. futures exchange) that prevented or restricted the firm's ability to engage in any business in the financial services industry?

No

OMB Numbers 3038-0023 (exp. April 30, 2026) &amp; 3038-0072 (exp. August 31, 2026)

Viewed on March 05, 2025

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Question H

Are any of the orders or other agreements described in Question G currently in effect against the firm?

No

Question I

Is the firm a party to any action, the resolution of which could result in a "Yes" answer to the above questions?

No

OMB Numbers 3038-0023 (exp. April 30, 2026) &amp; 3038-0072 (exp. August 31, 2026)
Page 3 of 3

NFA

Disciplinary Information - Financial Disclosures

Viewed on March 05, 2025

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

For additional assistance and information on completing this page, refer to the Instructions and Definition of Terms at the beginning of this document.

For each matter that requires a "Yes" answer to Question J below, a Financial DMP must be filed using NFA's DMP Filing System that requests:

- who was involved;
- when it occurred;
- what the allegations were;
- what the final determination was, if any;
- the date of the determination; and
- a summary of the circumstances surrounding the financial matter.

In addition, documents must be provided for each matter requiring a "Yes" answer that show:

- the allegations; and
- the final disposition.

The documents may be provided electronically using the upload function in the DMP Filing System or sending them to NFA (See Instructions).

Question J

Has the firm ever been the subject of an adversary action brought by a U.S. bankruptcy trustee?

No

OMB Numbers 3038-0023 (exp. April 30, 2026) &amp; 3038-0072 (exp. August 31, 2026)
Page 1 of 1

NFA

# Registration Contact Information

Viewed on March 05, 2025

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

First Name JOAKIM
Last Name LINDBERG
Title COMPLIANCE OFFICER
Street Address 1 KUNGSTRÄDGÄRDSGATAN 8
City STOCKHOLM
Zip/Postal Code SE 10640
Country SWEDEN
Phone +46704622702
Fax N/A
Email JOAKIM.LINDBERG@SEB.SE

OMB Numbers 3038-0023 (exp. April 30, 2026) &amp; 3038-0072 (exp. August 31, 2026)

NFA

# Enforcement/Compliance Communication Contact Information

Viewed on March 05, 2025

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

First Name AMY

Last Name BIAN

Title COMPLIANCE OFFICER

Street Address 1 KUNGSTRÄDGÄRDSGATAN 8

City STOCKHOLM

Zip/Postal Code SE-10640

Country SWEDEN

Phone +46707635051

Email AMY.BIAN@SEB.SE

First Name JOAKIM

Last Name LINDBERG

Title SWAP DEALER COMPLIANCE OFFICER

Street Address 1 KUNGSTRÄDGÄRDSGATAN 8

City STOCKHOLM

Zip/Postal Code SE-10640

Country SWEDEN

Phone +46704622702

Fax N/A

Email JOAKIM.LINDBERG@SEB.SE

First Name KARIN

Last Name PRINTZ

Title COMPLIANCE OFFICER

Street Address 1 KUNGSTRÄDGÄRDSGATAN 8

City STOCKHOLM

Zip/Postal Code SE-10640

Country SWEDEN

Phone +46704622016

Email KARIN.PRINTZ@SEB.SE

OMB Numbers 3038-0023 (exp. April 30, 2026) &amp; 3038-0072 (exp. August 31, 2026)

NFA

# Membership Information

Viewed on March 05, 2025

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Indicate the category in which the Member intends to vote on NFA membership matters. SWAP DEALER

U.S. Regulator Information

Is the firm currently regulated by any of the regulators listed below? Yes

THE SECURITIES AND EXCHANGE COMMISSION

THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

OMB Numbers 3038-0023 (exp. April 30, 2026) &amp; 3038-0072 (exp. August 31, 2026)

NFA

# Membership Contact Information

Viewed on March 05, 2025

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Membership Contact

| First Name | JOAKIM |
| --- | --- |
| Last Name | LINDBERG |
| Title | COMPLIANCE OFFICER |
| Street Address 1 | KUNGSTRÄDGÄRDSGATAN 8 |
| City | STOCKHOLM |
| Zip/Postal Code | SE 10640 |
| Country | SWEDEN |
| Phone | +46704622702 |
| Fax | N/A |
| Email | JOAKIM.LINDBERG@SEB.SE |

Accounting Contact

| First Name | NODENE |
| --- | --- |
| Last Name | TAYLOR |
| Title | BUSINESS ADVISOR FICC |
| Street Address 1 | KUNGSTRÄDGÄRDSGATAN 8 |
| City | STOCKHOLM |
| Zip/Postal Code | SE-10640 |
| Country | SWEDEN |
| Phone | +46707635025 |
| Fax | N/A |
| Email | NODENE.TAYLOR@SEB.SE |

OMB Numbers 3038-0023 (exp. April 30, 2026) &amp; 3038-0072 (exp. August 31, 2026)

Viewed on March 05, 2025

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

## Arbitration Contact

First Name: OLOF
Last Name: KAJERDT
Title: HEAD OF LEGAL
Street Address 1: KUNGSTRÄDGÄRDSGATAN 8
City: STOCKHOLM
Zip/Postal Code: SE-10640
Country: SWEDEN
Phone: +4687638314
Fax: N/A
Email: OLOF.KAJERDT@SEB.SE

## Compliance Contact

First Name: JOAKIM
Last Name: LINDBERG
Title: COMPLIANCE OFFICER
Street Address 1: KUNGSTRÄDGÄRDSGATAN 8
City: STOCKHOLM
Zip/Postal Code: SE 10640
Country: SWEDEN
Phone: +46704622702
Fax: N/A
Email: JOAKIM.LINDBERG@SEB.SE

OMB Numbers 3038-0023 (exp. April 30, 2026) &amp; 3038-0072 (exp. August 31, 2026)
Page 2 of 3

Viewed on March 05, 2025

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Chief Compliance Officer Contact

First Name: CECILIA
Last Name: WOLRATH EKENBCK
Title: HEAD OF GROUP COMPLIANCE
Street Address 1: KUNGSTRÄDGÄRDSGATAN 8
City: STOCKHOLM
Zip/Postal Code: SE-10640
Country: SWEDEN
Phone: +46707676755
Fax: N/A
Email: CECILIA.WOLRATHEKENBACK@SEB.SE

OMB Numbers 3038-0023 (exp. April 30, 2026) &amp; 3038-0072 (exp. August 31, 2026)
Page 3 of 3

National Futures Association
Firm Application (7R) Filed January 11, 2014
Page 1

OMB Number 3038-0072
NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL
Submitted By BECKMANM2 MATS BECKMAN

## Instructions

READ THESE INSTRUCTIONS CAREFULLY BEFORE COMPLETING OR REVIEWING THE APPLICATION. THE FAILURE TO ANSWER ALL QUESTIONS COMPLETELY AND ACCURATELY OR THE OMISSION OF REQUIRED INFORMATION MAY RESULT IN THE DENIAL OR REVOCATION OF REGISTRATION.

## DEFINED TERMS

Words that are underlined in this form are defined terms and have the meanings contained in the Definition of Terms section.

## GENERAL

Read the Instructions and Questions Carefully

A question that is answered incorrectly because it was misread or misinterpreted can result in severe consequences, including denial or revocation of registration. Although this applies to all questions in the application, it is particularly important to the questions in the Disciplinary Information Section.

Rely Only on Advice from NFA Staff

A question that is answered incorrectly because of advice received from a lawyer, employer, a judge or anyone else (other than a member of NFA's Registration, Compliance, Legal or Information Center ("RCLI") departments) can result in severe consequences, including denial or revocation of registration. This also applies to all questions in the form, but is particularly important regarding the Disciplinary Information Section. If the language of a question in the Disciplinary Information Section requires disclosure of a matter, a "Yes" answer to the question is required no matter what other advice has been received from anyone other than NFA's RCLI staff. Additionally, the applicant or registrant remains responsible for failures to disclose even if someone completes the form on the applicant's or registrant's behalf.

Update the Information on the Application

If information provided on the application changes or a matter that would have required disclosure on the application occurs after the application is filed, the new information must be promptly filed. APs and Principals should advise their Sponsors of the new information, and the Sponsor must file the update on their behalf. The failure to promptly update information can result in severe consequences, including denial or revocation of registration.

Compliance with Disclosure Requirements of Another Regulatory Body is not Sufficient

Page 2

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

With some exceptions, which are described below in the Regulatory and Financial Questions sections, if any question requires the provision of information, that information must be provided. In particular, if a question in the Disciplinary Information Section requires disclosure of a matter, the question must be answered "Yes" and additional documents must be provided even if the matter has been disclosed to another regulatory body such as FINRA, an exchange or a state regulator. Similarly, disclosure is required even if another regulatory body does NOT require disclosure of the same matter.

## Call NFA with Questions

If there is any question about whether particular information must be provided, whether a particular matter must be disclosed or whether a particular question requires a "Yes" answer, call the NFA Information Center at (312) 781-1410. Representatives are available from 8:00 a.m. to 5:00 p.m., Central Time, Monday through Friday. If the advice of NFA staff is sought, a written record containing the date of the conversation, the name of the NFA staff person giving the advice and a description of the advice should be made during the conversation and kept in the event an issue concerning disclosure of the matter arises later.

## DISCIPLINARY INFORMATION SECTION

### Criminal Disclosures

Some common mistakes in answering the criminal disclosure questions involve expungements, diversion programs and similar processes. The Commodity Futures Trading Commission requires a "Yes" answer even if the matter has been expunged or the records sealed, there was no adjudication or finding of guilt, the guilty plea was vacated or set aside or the matter was dismissed upon completion of the diversion program.

Another common error regarding criminal matters concerns matters that do not involve the futures industry. All criminal matters must be disclosed, even if a matter is unrelated to the futures industry, unless the case was decided in a juvenile court or under a Youth Offender law.

### Regulatory Disclosures

Regulatory actions taken by the Commodity Futures Trading Commission, NFA or domestic futures exchanges do not need to be disclosed since NFA is already aware of them once they are entered into NFA's BASIC system.

### Financial Disclosures

It is not necessary to disclose arbitration or CFTC reparations matters unless the applicant or registrant has failed to pay an award issued in a futures-related arbitration or an order entered in a

Page 3

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

reparations matter.

Only adversary actions that a bankruptcy trustee or a trustee's attorney files must be disclosed. Adversary actions that creditors file are not disclosable. A person named as a party to an adversary action in a bankruptcy proceeding must disclose the action, even if the person is not the bankrupt person.

## ADDITIONAL DOCUMENTS

For any matter that caused a "Yes" answer, a written explanation detailing the events and conduct must be provided. That explanation can be entered on the Matter pages by giving it a name, e.g., the docket number of the case, and describing it in the text box. Alternatively, the explanation can be sent in hard copy format to NFA.

In addition to the required explanation, other documents about the matter must be sent to NFA. If court documents are unavailable, a letter from the court verifying that must be sent to NFA. If documents other than court documents are unavailable, the person must provide a written explanation for their unavailability.

Like answering the questions correctly, providing all documents to NFA is important. Failure to do so will delay the registration process and may result in a denial of the application.

Page 4

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

# Definition of Terms

(The following terms are defined solely for the purpose of using NFA's Online Registration System.)

10% OR MORE INTEREST: direct or indirect ownership of 10% or more of an applicant's or registrant's stock; entitlement to vote or empowered to sell 10% or more of an applicant's or registrant's voting securities; contribution of 10% or more of an applicant's or registrant's capital; or entitlement to 10% or more of an applicant's or registrant's net profits.

ADJUDICATION: in a criminal case, a determination by the court that the defendant is guilty or not guilty.

ADVERSARY ACTION: a lawsuit arising in or related to a bankruptcy case commenced by a creditor or bankruptcy trustee by filing a complaint with the bankruptcy court.

ALIAS: another name utilized by an individual or previously used by an entity.

CHARGE: a formal complaint, information, indictment or equivalent instrument containing an accusation of a crime.

DBA: abbreviation for Doing Business As. The firm is doing its futures, retail off-exchange forex or swaps business by this name.

# DESIGNATED SUPERVISOR:

Solely for the purpose of determining whether the Branch Manager Examination (Series 30) is required, Designated Supervisor means a person who is registered with FINRA (formally known as NASD) as a General Securities Representative and has been designated to act as the supervisor of an office that is not an Office of Supervisory Jurisdiction ("non-OSJ"), provided that:

- either the futures activity conducted in the non-OSJ that is subject to the Designated Supervisor's supervision is limited to activity not requiring the Series 3 Examination and both the Designated Supervisor and the Branch Manager of the Office of Supervisory Jurisdiction to which the non-OSJ reports have otherwise satisfied NFA's Proficiency Requirements appropriate to their supervisory activities; or
- the activity that is conducted in the non-OSJ that requires the Series 3 Examination is supervised by the Branch Manager of the Office of Supervisory Jurisdiction to which the non-OSJ reports and both the Designated Supervisor and Branch Office Manager have passed the Series 3 Examination.

ENJOINED: subject to an injunction.

Page 5

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

ENTITY: any person other than an individual.

FELONY: any crime classified as a felony and for states and countries that do not differentiate between a felony or misdemeanor, an offense that could result in imprisonment for any period of more than one year. The term also includes a general court martial.

FINANCIAL SERVICES INDUSTRY: the commodities, securities, accounting, banking, finance, insurance, law or real estate industries.

FOUND: subject to a determination that conduct or a rule violation has occurred. The term applies to dispositions of any type, including but not limited to consent decrees or settlements in which the findings are neither admitted nor denied or in which the findings are for settlement or record purposes only.

## INTERNAL REVENUE CODE:

Section 7203: Willful Failure to File Return, Supply Information or Pay Tax

Section 7204: Fraudulent Statement or Failure to Make Statement

Section 7205: Fraudulent Withholding Exemption Certificate or Failure to Supply Information

Section 7207: Fraudulent Returns, Statements or Other Documents

## INVESTMENT RELATED STATUTES:

- The Commodity Exchange Act
- The Securities Act of 1933
- The Securities Exchange Act of 1934
- The Public Utility Holding Company Act of 1935
- The Trust Indenture Act of 1939
- The Investment Advisers Act of 1940
- The Investment Company Act of 1940
- The Securities Investors Protection Act of 1970
- The Foreign Corrupt Practices Act of 1977
- Chapter 96 of Title 18 of the United States Code
- Any similar statute of a State or foreign jurisdiction
- Any rule, regulation or order under any such statutes; and
- The rules of the Municipal Securities Rulemaking Board

MISDEMEANOR: any crime classified as a misdemeanor and for states and countries that do not differentiate between a felony or misdemeanor, an offense that could result in imprisonment for any period of at least six days but not more than one year. By way of example, an offense for which the maximum period of imprisonment is 60 days would be considered a misdemeanor. The term also includes a special court martial.

Page 6

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

OTHER NAME: For firms or sole proprietors, any other name that the applicant uses or has used in the past for its futures, retail off-exchange forex or swaps business but not the name of any other legal entity that the applicant has an affiliation or association with (see DBA). For individuals, this is any name the person is or has been known by. For example, a maiden name, an alias name that you use or are known by, or a previous name if you have changed your legal name.

PERSON: an individual, association, partnership, corporation, limited liability company, limited liability partnership, trust, or other form of business organization.

PRINCIPAL - means, with respect to an applicant, a registrant, or a person required to be registered under the Act:

an individual who is:

- a sole proprietor of a sole proprietorship;
- a general partner of a partnership;
- a director, president, chief executive officer, chief operating officer, chief financial officer or a person in charge of a business unit, division or function subject to regulation by the Commission of a corporation, limited liability company or limited liability partnership;
- a manager, managing member or a member vested with the management authority for a limited liability company or limited liability partnership; or
- a chief compliance officer; or

an individual who directly or indirectly, through agreement, holding companies, nominees, trusts or otherwise:

- is the owner of 10% or more of the outstanding shares of any class of an applicant or registrant's equity securities, other than non-voting securities;
- is entitled to vote 10% or more of the outstanding shares of any class of an applicant or registrant's equity securities, other than non-voting securities;
- has the power to sell or direct the sale of 10% or more of the outstanding shares of any class of an applicant or registrant's equity securities, other than non-voting securities;
- is entitled to receive 10% or more of an applicant or registrant's net profits; or
- has the power to exercise a controlling influence over an applicant or registrant's activities that are subject to regulation by the Commission; or

an entity that:

- is a general partner of a partnership; or
- is the direct owner of 10% or more of the outstanding shares of any class of an applicant or registrant's equity securities, other than non-voting securities; or

Page 7

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

an individual who or an entity that:

- has contributed 10% or more of an applicant or registrant's capital unless such capital contribution consists of subordinated debt contributed by:
- an unaffiliated bank insured by the Federal Deposit Insurance Corporation;
- an unaffiliated "foreign bank," as defined in 12 CFR 211.21(n) that currently operates an "office of a foreign bank," as defined in 12 CFR 211.21(t), which is licensed under 12 CFR 211.24(a);
- such office of an unaffiliated, licensed foreign bank; or
- an insurance company subject to regulation by any State.

provided such debt is not guaranteed by an individual who or entity that is not a principal of the applicant or registrant.

SELF-REGULATORY ORGANIZATION (SRO): a private, non-governmental organization authorized to set and enforce standards or conduct for an industry. NFA, FINRA (formally known as NASD), and the securities and futures exchanges in the U.S. are examples of domestic SROs.

## UNITED STATES CRIMINAL CODE:

Section 152: Concealment of assets, making false claims or bribery in connection with a bankruptcy

Section 1341, 1342 or 1343: Mail fraud

Chapter 25: Counterfeiting and forgery

Chapter 47: Fraud or false statements in a matter within the jurisdiction of a United States department or agency

Chapter 95 or 96: Racketeering and Racketeering Influence

National Futures Association
Firm Application (7R) Filed January 11, 2014
Page 8

OMB Number 3038-0072
NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL
Submitted By BECKMANM2 MATS BECKMAN

# Privacy Act and Paperwork Reduction Act Notice

The information in Forms 7-R, 7-W, 8-R and 8-T and on the fingerprint card is being collected pursuant to authority granted in Sections 2c, 4f, 4k, 4n, 4s, 8a and 19 of the Commodity Exchange Act [7 U.S.C. §§ 6f, 6k, 6n, 6s, 12a and 23]. Under Section 2c, it is unlawful for anyone to engage in off-exchange foreign currency futures transactions or off-exchange foreign currency leveraged, margined or financed transactions with persons who are not eligible contract participants without registration, or exemption from registration, as a retail foreign exchange dealer, futures commission merchant, introducing broker, commodity pool operator or commodity trading advisor, as appropriate. Under Section 4d of the Commodity Exchange Act [7 U.S.C. §6d], it is unlawful for anyone to act as a futures commission merchant or introducing broker without being registered in that capacity under the Act. Under Section 4m of the Commodity Exchange Act [7 U.S.C. §6m], it is unlawful for a commodity trading advisor or commodity pool operator to make use of the mails or any means or instrumentality of interstate commerce in connection with his business as a commodity trading advisor or commodity pool operator without being registered in the appropriate capacity under the Act, except that a commodity trading advisor who, during the course of the preceding 12 months, has not furnished commodity trading advice to more than 15 persons and does not hold himself out generally to the public as a commodity trading advisor, need not register. Under Section 4s of the Commodity Exchange Act [7 U.S.C. §6s], it is unlawful for anyone to act as a swap dealer or major swap participant without being registered in that capacity under the Act. Under Section 19 of the Commodity Exchange Act [7 U.S.C. §23] and Section 31.5 of the CFTC's regulations, it is unlawful for anyone to act as a leverage transaction merchant without being registered in that capacity under the Act.

The information requested in Form 7-R is designed to assist NFA and the CFTC, as appropriate, in determining whether the application for registration should be granted or denied and to maintain the accuracy of registration files. The information in Form 7-W is designed to assist NFA and the CFTC in determining whether it would be contrary to the requirements of the Commodity Exchange Act, or any rule, regulation or order thereunder, or the public interest to permit withdrawal from registration.

The information requested in Form 8-R and on the fingerprint card will be used by the CFTC or NFA, as appropriate, as a basis for initiating an inquiry into the individual's fitness to be an associated person, floor broker or floor trader or to be a principal of a futures commission merchant, swap dealer, major swap participant, retail foreign exchange dealer, introducing broker, commodity trading advisor, commodity pool operator, leverage transaction merchant or non-natural person floor trader. Portions of the information requested in Form 8-R will be used by the CFTC and, in appropriate cases, by NFA, to confirm the registration of certain associated persons. The information requested in Form 8-T will be used by the CFTC, and, in appropriate cases, by NFA, to record the registration status of the individual and, in appropriate cases, as a basis for further inquiry into the individual's fitness to remain in business subject to the CFTC's jurisdiction.

Page 9

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

With the exception of the social security number, all information in Forms 8-R and 8-T must be furnished. Disclosure of the social security number is voluntary. Disclosure of the Federal employer identification number is voluntary. The social security number and the Federal employer identification number are sought pursuant to the Debt Collection Improvement Act of 1996. Under the Debt Collection Improvement Act, a social security number or a taxpayer identifying number furnished to the CFTC as part of the registration process can be used for purposes of collecting and reporting on any debt owed to the U.S. Government, including civil monetary penalties. The furnishing of a social security number or Federal employer identification number, however, assists the CFTC and NFA in identifying individuals and firms and therefore expedites the processing of those forms.

The failure by an applicant, registrant or principal to timely file a properly completed Form 7-R and all other related required filings may result in the denial of an application for registration or withdrawal thereof or, in the case of an annual records maintenance fee, treating the registrant as having petitioned for withdrawal. Failure by an applicant, registrant or principal to timely file or cause to be filed a properly completed Form 8-R or 8-T, any other required related filings, or a fingerprint card may result in the lapse, denial, suspension or revocation of registration, withdrawal of the application or other enforcement or disciplinary action by the CFTC or NFA.

With the exception of the fingerprint card, any information contained in the Personal Information Section and any information contained in Matter Information pages related to the Disciplinary Information Sections on Form 8-R and on Form 8-T or Item 7 on Form 8-W, the Forms 7-R, 7-W, 8-R and 8-T are considered by the CFTC to be public records and will be available for inspection by any person. Copies will be maintained by National Futures Association, Registration Department, Suite 1800, 300 S. Riverside Plaza, Chicago, IL 60606-6615. Further, the CFTC or NFA may disclose the fingerprint card and any other information described above to third parties pursuant to routine uses which the CFTC has published in the Federal Register or as otherwise authorized under the Privacy Act, [5 U.S.C. §552a], and the Commodity Exchange Act. Disclosure of such information may be made by the CFTC as follows: (1) in connection with administrative proceedings or matters in litigation; (2) in connection with investigations; (3) where the information is furnished to regulatory, self-regulatory and law enforcement or other governmental agencies to assist them in meeting responsibilities assigned to them by law or made available to any member of Congress who is acting in his or her capacity as a member of Congress; (4) where disclosure is required under the Freedom of Information Act [5 U.S.C. §552]; (5) in connection with an employer's hiring or retention of an employee; (6) in connection with the verification of information submitted for sponsorship purposes; (7) in other circumstances in which the withholding of such information appears unwarranted; and (8) in connection with legally required or authorized reports. Disclosure may be made by NFA in accordance with rules approved by the CFTC.

If an individual believes that the placing in the CFTC's or NFA's public files of any of the information contained in the Personal Information Section or in Matter Information pages related

Page 10

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

to Disciplinary Information on Form 8-R and on Form 8-T or Item 7 on Form 8-W, or on the fingerprint card would constitute an unwarranted invasion of his personal privacy, the individual may petition the CFTC, pursuant to 17 CFR 145.9, to treat such information as confidential in response to requests under the Freedom of Information Act (FOIA) [5 U.S.C. §552]. The CFTC will make no determination as to confidential treatment of information submitted unless and until the information is the subject of an FOIA request. The filing of a petition for confidential treatment, however, does not guarantee that the information will be treated confidentially in response to an FOIA request.

Forms which have not been prepared and executed in compliance with applicable requirements may not be acceptable for filing. Acceptance of this form shall not constitute any finding that the information is true, current or complete. Misstatements or omissions of fact may constitute federal criminal violations [7 U.S.C. §13 and 18 U.S.C. §1001] or grounds for disqualification from registration.

This notice is provided in accordance with the requirements of the Privacy Act [5 U.S.C. §552a(e)(3)] and summarizes some of an individual's rights under the Privacy Act [5 U.S.C. §552a] and the Freedom of Information Act [5 U.S.C. §552]. Individuals desiring further information should consult the CFTC's regulations under the Privacy Act, 17 CFR Part 146, and under the Freedom of Information Act, 17 CFR Part 145, and the CFTC's annual notice, published in the Federal Register, pursuant to the Privacy Act, of the existence and character of each system of records maintained by the CFTC.

You are not required to provide the information requested on a form subject to the Paperwork Reduction Act unless the form displays a valid OMB Control Number.

The time needed to complete and file Form 7-R, Form 3-R, Form 7-W, Form 8-R and Form 8-T and Form 8-W may vary depending upon individual circumstances. The estimated average times are:

| Form 7-R | FCM 0.5 hours |
| --- | --- |
|  | SD 1.0 hours |
|  | MSP 1.0 hours |
|  | RFED 0.5 hours |
|  | IB 0.4 hours |
|  | CPO 0.4 hours |
|  | CTA 0.4 hours |
|  | FT 0.5 hours |
| Form 3-R | 0.1 hours |
| Form 7-W | 0.1 hours |
| Form 8-R | 0.8 hours |
| Form 8-T | 0.2 hours |

Page 11

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

Form 8-W 0.1 hours.

Page 12

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072
NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL
Submitted By BECKMANM2 MATS BECKMAN

# Registration Categories

NFA MEMBER
SWAP DEALER

# Membership Information

Not applicable.

Page 13

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

## Business Information

| Business Address | KUNGSTRÄDGÄRDSGATAN 8 STOCKHOLM SE 106 40 SWEDEN |
| --- | --- |
| Phone Number | +4687639391 |
| Fax Number | N/A |
| E-mail Address | MATS.BECKMAN@SEB.SE |
| Website / URL | WWW.SEBGROUP.COM |
| Federal EIN | N/A |
| CRD ID | 5020329081 |
| Form of Organization | LIMITED LIABILITY COMPANY |
| Location | SWEDEN |
| Other Names | SCANDINAVIAN BANK ALIAS |
|  | SKANDINAVISKA ENSKILDA BANKEN ALIAS |
|  | SKANDINAVISKA ENSKILDA BANKEN LONDON BRANCH DBA IN USE |
|  | SKANDINAVISKA ENSKILDA BANKEN NEW YORK BRANCH DBA IN USE |
|  | SKANDINAVISKA ENSKILDA BANKEN SINGAPORE BRANCH DBA IN USE |

Page 14

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

# Location of Business Records

Business Records Address

KUNGSTRÄDGÄRDSGATAN 8

STOCKHOLM SE-10640

SWEDEN

U.S. Address for Production of Business Records

SKANDINAVISKA ENSKILDA BANKEN, NEW YORK BRANCH

245 PARK AVENUE NEW YORK CITY

NEW YORK, NY 10167

UNITED STATES

Page 15

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

# Holding Company Information

Name: INVESTOR AB PUBL

10% or more interest? YES

Page 16

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

## Regulator Information

### Non-U.S. Regulator(s) During The Past Five Years

FINANSINSPEKTIONEN (SWEDISH FSA)
NASDAQ OMX STOCKHOLM AB
NASDAQ OMX HELSINKI LTD
NASDAQ OMX COPENHAGEN A/S
MONETARY AUTHORITY OF SINGAPORE(MAS)
FINANCIAL CONDUCT AUTHORITY (FCA)

### U.S. Regulator(s)

THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

Page 17

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

# Disciplinary Information

## Criminal Disclosures

For additional assistance and information on completing this page, refer to the Instructions and Definition of Terms at the beginning of this document.

THE FIRM OR SOLE PROPRIETOR MUST ANSWER "YES" TO THE QUESTIONS ON THIS PAGE EVEN IF:

- ADJUDICATION OF GUILT WAS WITHHELD OR THERE WAS NO CONVICTION; OR
- THERE WAS A CONDITIONAL DISCHARGE OR POST-CONVICTION DISMISSAL AFTER SUCCESSFUL COMPLETION OF A SENTENCE; OR
- A STATE CERTIFICATE OF RELIEF FROM DISABILITIES OR SIMILAR DOCUMENT WAS ISSUED RELIEVING THE HOLDER OF FORFEITURES, DISABILITIES OR BARS RESULTING FROM A CONVICTION; OR
- THE RECORD WAS EXPUNGED OR SEALED; OR
- A PARDON WAS GRANTED.

THE FIRM OR SOLE PROPRIETOR MAY ANSWER "NO" IF THE CASE WAS DECIDED IN A JUVENILE COURT OR UNDER A YOUTH OFFENDER LAW.

A. Has the firm or sole proprietor ever pled guilty or nolo contendere ("no contest") to or been convicted or found guilty of any felony in any domestic, foreign or military court? NO

B. Has the firm or sole proprietor ever pled guilty to or been convicted or found guilty of any misdemeanor in any domestic, foreign or military court which involves: NO

- embezzlement, theft, extortion, fraud, fraudulent conversion, forgery, counterfeiting, false pretenses, bribery, gambling, racketeering or misappropriation of funds, securities or property; or
- violation of sections 7203, 7204, 7205 or 7207 of the Internal Revenue Code of 1986; or
- violation of sections 152, 1341, 1342 or 1343 or chapters 25, 47, 95 or 96 of the United States Criminal Code; or
- any transaction in or advice concerning futures, options, leverage transactions or

Page 18

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

securities?

C. Is the firm or sole proprietor a party to any action, or is there a *charge* pending, the resolution of which could result in a "Yes" answer to the above questions?
NO

For any "Yes" answer to the questions above, has the firm or sole proprietor previously provided NFA or the CFTC all supplemental documentation for all matters requiring a "Yes" answer?
N/A

Page 19

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

## Regulatory Disclosures

For additional assistance and information on completing this page, refer to the Instructions and Definition of Terms at the beginning of this document.

D. In any case brought by a domestic or foreign governmental body (other than the CFTC), has the firm or sole proprietor ever been permanently or temporarily enjoined after a hearing or default or as the result of a settlement, consent decree or other agreement, from engaging in or continuing any activity involving:

NO

- any transaction in or advice concerning futures, options, leverage transactions or securities; or
- embezzlement, theft, extortion, fraud, fraudulent conversion, forgery, counterfeiting, false pretenses, bribery, gambling, racketeering or misappropriation of funds, securities or property?

YES

E. In any case brought by a domestic or foreign governmental body (other than the CFTC), has the firm or sole proprietor ever been found after a hearing or default or as the result of a settlement, consent decree or other agreement, to:

- have violated any provision of any investment-related statute or regulation; or
- have violated any statute, rule, regulation or order which involves embezzlement, theft, extortion, fraud, fraudulent conversion, forgery, counterfeiting, false pretenses, bribery, gambling, racketeering or misappropriation of funds, securities or property; or
- have willfully aided, abetted, counseled, commanded, induced or procured such violation by any other person?

NO

F. Has the firm or sole proprietor ever been debarred by any agency of the United States from contracting with the United States?

NO

G. Has the firm or sole proprietor ever been the subject of any order issued by or a party to any agreement with a domestic or foreign regulatory authority (other than the CFTC), including but not limited to a licensing authority, or self-regulatory organization (other than NFA or a domestic futures exchange) that prevented or restricted the firm or sole proprietor's ability to engage in any business in the financial services industry?

NO

Page 20

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

H. Are any of the orders or other agreements described in Question G currently in effect against the firm or sole proprietor?
NO

I. Is the firm or sole proprietor a party to any action, or is there a *charge* pending, the resolution of which could result in a "Yes" answer to the above questions?
NO

For any "Yes" answer to the questions above, has the firm or sole proprietor previously provided NFA or the CFTC all supplemental documentation for all matters requiring a "Yes" answer?
NO

Page 21

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

# Financial Disclosures

For additional assistance and information on completing this page, refer to the Instructions and Definition of Terms at the beginning of this document.

J. Has the firm or sole proprietor ever been the subject of an *adversary action* brought by, or on behalf of, a bankruptcy trustee?
NO

For any "Yes" answer to the question above, has the firm or sole proprietor previously provided NFA or the CFTC all supplemental documentation for all matters requiring a "Yes" answer?
N/A

Page 22

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072
NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL
Submitted By BECKMANM2 MATS BECKMAN

# Contact Information

## Registration Contact

MATS BECKMAN
HEAD OF COMPLIANCE
KUNGSTRÄDGÄRDSGATAN 8
STOCKHOLM SE-10640
SWEDEN
Phone: +4687639391
Fax: N/A
E-mail: MATS.BECKMAN@SEB.SE

## Membership Contact

MATS BECKMAN
HEAD OF COMPLIANCE
KUNGSTRÄDGÄRDSGATAN 8
STOCKHOLM SE-10640
SWEDEN
Phone: +4687639391
Fax: N/A
E-mail: MATS.BECKMAN@SEB.SE

## Accounting Contact

CAMILLA EKENBERG
ASSISTANT
KUNGSTRÄDGÄRDSGATAN 8
STOCKHOLM SE-10640
SWEDEN
Phone: +46850623822
Fax: N/A
E-mail: CAMILLA.EKENBERG@SEB.SE

Page 23

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072
NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL
Submitted By BECKMANM2 MATS BECKMAN

## Arbitration Contact

OLOF KAJERDT
HEAD OF LEGAL
KUNGSTRÄDGÄRDSGATAN 8
STOCKHOLM SE-10640
SWEDEN
Phone: +4687638314
Fax: N/A
E-mail: OLOF.KAJERDT@SEB.SE

## Compliance Contact

MATS BECKMAN
HEAD OF COMPLIANCE
KUNGSTRÄDGÄRDSGATAN 8
STOCKHOLM SE-10640
SWEDEN
Phone: +4687639391
Fax: N/A
E-mail: MATS.BECKMAN@SEB.SE

## Chief Compliance Officer

GENT JANSSON
HEAD OF GROUP COMPLIANCE
KUNGSTRÄDGÄRDSGATAN 8
STOCKHOLM SE-10640
SWEDEN
Phone: +4687639148
Fax: N/A
E-mail: GENT.JANSSON@SEB.SE

Page 24

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

Enforcement/Compliance Communication Contact

MATS BECKMAN
HEAD OF COMPLIANCE
KUNGSTRÄDGÄRDSGATAN 8
STOCKHOLM SE-10640
SWEDEN
Phone: +4687639391
Fax: N/A
E-mail: MATS.BECKMAN@SEB.SE

Page 25

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

# Firm Certification Statement

BY FILING THIS FORM 7-R, THE APPLICANT AGREES THAT SUCH FILING CONSTITUTES THE APPLICANT'S

certification that the answers and the information provided in the Form 7-R are true, complete and accurate and that in light of the circumstances under which the applicant has given them, the answers and statements in the Form 7-R are not misleading in any material respect;

certification that the person who electronically files the Form 7-R on behalf of the applicant is authorized by the applicant to file the Form 7-R and to make the certifications, representations, requests, acknowledgements, authorizations and agreements contained in this agreement;

certification that, if the applicant is an applicant for registration as an SD or MSP, the applicant undertakes that, no later than ninety (90) days following the date this Form 7-R is filed, it will be and shall remain in compliance with the requirement of Section 4s(b)(6) of the Act that, except to the extent otherwise specifically provided by rule, regulation or order, the applicant will not permit any person associated with it who is subject to a statutory disqualification to effect or be involved in effecting swaps on behalf of the applicant, if the applicant knows, or in the exercise of reasonable care should know, of the statutory disqualification. For the purpose of this certification, "statutory disqualification" refers to the matters addressed in Sections 8a(2) and 8a(3) of the Act and "person" means an "associated person of a swap dealer or major swap participant" as defined in Section 1a(4) of the Act and CFTC regulations thereunder;

acknowledgement that the applicant is subject to the imposition of criminal penalties under Section 9(a) of the Act and 18 U.S.C. §1001 for any false statements or omissions made in the Form 7-R;

acknowledgement that the applicant is responsible at all times for maintaining the information in the Form 7-R in a complete, accurate and current manner by electronically filing updates to the information contained therein;

acknowledgement that the applicant may not act as an FCM, RFED, IB, CPO, CTA or FT until registration has been granted, that the applicant may not act as a Forex Firm or Forex Dealer Member until approval as a Forex Firm or designation as an approved Forex Dealer Member has been granted and that the applicant may not act as a Swap Firm until approval as a Swap Firm has been granted; in the case of an IB, until registration or a temporary license has been granted; or in the case of an SD or MSP, until registration or provisional registration has been granted;

or until confirmation of exemption from registration as an IB, CPO or CTA pursuant to CFTC Regulation 30.5 is granted;

Page 26

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

authorization that NFA may conduct an investigation to determine the applicant's fitness for registration or for confirmation of exemption from registration as an IB, CPO and CTA pursuant to CFTC Regulation 30.5 and, if applicable, NFA membership and agreement to cooperate promptly and fully, consistent with applicable Federal law, in such investigation, which investigation may include contacting foreign regulatory and law enforcement authorities, including the submission of documents and information to NFA that NFA, in its discretion, may require in connection with the applicant's application for registration, confirmation of exemption from registration as an IB, CPO and CTA pursuant to CFTC Regulation 30.5 or NFA membership;

authorization and request that any person, including but not limited to contract markets, furnish upon request to NFA or any agent acting on behalf of NFA any information requested by NFA in connection with any investigation conducted by NFA to determine the applicant's fitness for registration or for confirmation of exemption from registration as an IB, CPO and CTA pursuant to CFTC Regulation 30.5;

agreement that any person furnishing information to NFA or any agent acting on behalf of NFA in connection with the investigation so authorized is released from any and all liability of whatever nature by reason of furnishing such information to NFA or any agent acting on behalf of NFA;

agreement that, if the applicant is a foreign applicant:

subject to any applicable blocking, privacy or secrecy laws, the applicant's books and records will be available for inspection by the CFTC, the U.S. Department of Justice ("DOJ") and NFA for purposes of determining compliance with the Act, CFTC Regulations and NFA Requirements;

subject to any applicable blocking, privacy or secrecy laws, such books and records will be produced on 72 hours notice at the location in the United States stated in the Form 7-R or, in the case of an IB, CPO or CTA confirmed as exempt from registration pursuant to CFTC Regulation 30.5, at the location specified by the CFTC or DOJ, provided, however, if the applicant is applying for registration as an FCM, SD, MSP or RFED, upon specific request, such books and records will be produced on 24 hours notice except for good cause shown;

the applicant will immediately notify NFA of any changes to the location in the United States where such books and records will be produced;

except as the applicant has otherwise informed the CFTC in writing, the applicant is not subject to any blocking, privacy or secrecy laws which would interfere with or create an obstacle to full inspection of the applicant's books and records by the CFTC, DOJ and NFA;

subject to any applicable blocking, privacy or secrecy laws, the failure to provide the CFTC,

Page 27

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

DOJ or NFA with access to its books and records in accordance with this agreement may be grounds for enforcement and disciplinary sanctions, denial, suspension or revocation of registration, withdrawal of confirmation of exemption from registration as an IB, CPO or CTA pursuant to CFTC Regulation 30.5, and denial, suspension or termination of NFA membership; and

subject to any applicable blocking, privacy or secrecy laws, the applicant for registration shall provide to NFA copies of any audit or disciplinary report related to the applicant for registration issued by any non-U.S. regulatory authority or non-U.S. self-regulatory organization and any required notice that the applicant for registration provides to any non-U.S. regulatory authority or non-U.S. self-regulatory organization and shall provide these copies both as part of this application and thereafter immediately upon the applicant for registration's receipt of any such report or provision of any such notice;

representation that if the applicant is an applicant for exemption from registration as an IB, CPO or CTA pursuant to CFTC Regulation 30.5:

the applicant does not act as an IB, CPO or CTA, respectively, in connection with trading on or subject to the rules of a designated contract market in the United States by, for or on behalf of any U.S. customer, client or pool;

the applicant irrevocably agrees to the jurisdiction of the Commission and state and federal courts located in the U.S. with respect to activities and transactions subject to Part 30 of the CFTC's regulations; and

the applicant would not be statutorily disqualified from registration under §8a(2) or §8a(3) of the Act and is not disqualified from registration pursuant to the laws or regulations of its home country;

an express agreement that, whenever admitted to NFA membership, the applicant and its employees shall become and remain bound by all NFA requirements, including without limitation all applicable NFA Bylaws, Compliance Rules, Financial Requirements, Registration Rules, Code of Arbitration and Member Arbitration Rules, as then and thereafter in effect, and that this agreement shall apply each time the applicant becomes a Member of NFA; and

if the applicant is applying for NFA membership, certification that the applicant has authorized the person filing this application for NFA membership to file it on the Applicant's behalf.

Page 28

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

# Confidential Matter Information

## Regulatory Disclosures

Matter Name SEPTEMBER 1997 FEDERAL RESERVE CASE; FED CASE NO. 97-020-CMP-FB

Matter Details AUTHORITY AND SANCTION:

FEDERAL RESERVE BOARD AND THE NEW YORK STATE BANKING DEPARTMENT (NOW KNOWN AS THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES) SANCTION: $5 MILLION

FACTS IN BRIEF:

WITHOUT ADMITTING TO ANY ALLEGATIONS, SEB AGREED TO A CONSENT ORDER AND CIVIL MONEY PENALTY FOR ALLEGEDLY ENGAGING IN UNSAFE AND UNSOUND PRACTICES AND VIOLATIONS OF LAW AND REGULATIONS RELATED TO THE EXECUTION OF ALLEGEDLY FALSE OFF-MARKET INTERCOMPANY TRANSACTIONS AND THE MAINTENANCE OF AN OUT-OF-BALANCE CONDITION AMONG INTERCOMPANY ACCOUNTS, AND FOR THE NEW YORK BRANCH'S (AND ARTICLE XII CORPORATION'S) FILING OF ALLEGEDLY INACCURATE REGULATORY REPORTS FROM AT LEAST 1993 THROUGH 1994 AS A RESULT OF THE OFF-MARKET TRANSACTIONS AND AT LEAST 1993 THROUGH MID-1996 AS A RESULT OF THE OUT-OF-BALANCE CONDITION. SKANDINAVISKA ENSKILDA BANKEN CONSENTED TO A TOTAL PAYMENT OF $5.0 MILLION TO BOTH THE FEDERAL RESERVE ($2.5M) AND THE STATE OF NEW YORK BANKING DEPARTMENT ($2.5M).

Matter Name JANUARY 2008 EUREX CASE;

Matter Details AUTHORITY AND SANCTION:

EUREX DEUTSCHLAND; SANCTION EUR 40,000

Page 29

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

FACTS IN BRIEF

THE EUREX EXCHANGE SANCTIONED SEB AND ONE OF ITS TRADERS FOR FAILING TO PROPERLY MONITOR AND CONTROL TRANSACTIONS DONE IN THE BANK'S NAME ON THE EUREX EXCHANGE.

Matter Name NOVEMBER 2009 FINANSINSPEKTIONEN CASE; FI DNR 08-7975; COURT FILE NO.17109-10

Matter Details AUTHORITY AND SANCTION:

FINANSINSPEKTIONEN (SWEDISH FSA)
SANCTION: 50 000 SEK (CURRENCY EQUIVALENT IN USD ROUGHLY
$9 000), SUBSEQUENTLY REDUCED TO 35 000 SEK BY THE DISTRICT COURT OF STOCKHOLM FOLLOWING AN APPEAL BY SEB.

FACTS IN BRIEF:

LATE DISCLOSURE OF MAJOR SHAREHOLDINGS IN A LISTED COMPANY: A CLIENT OF ONE OF SEB'S NON-SWEDISH INSURANCE COMPANIES BOUGHT SHARES - WITHIN AN INSURANCE WRAPPING - IN THE LISTED COMPANY MSC KONSULT AB. THIS CAUSED SEB TO EXCEED THE DISCLOSURE THRESHOLD 5 %, AND THE DISCLOSURE WAS MADE ONE DAY TOO LATE.

SEB APPEALED AGAINTS THE DECISION, AND THE FINES WERE REDUCED BY THE DISTRICT COURT OF STOCKHOLM.

Matter Name MAY 2010 FINANSINSPEKTIONEN CASE; FI DNR 10-4313

Matter Details AUTHORITY AND SANCTION:

FINANSINSPEKTIONEN (SWEDISH FSA)
SANCTION: REPRIMAND + 2.5 MILLION SEK (CURRENCY EQUIVALENT IN $ ROUGHLY 400 000)

Page 30

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

FACTS IN BRIEF:

FAILED TRANSACTION REPORTING IN RESPECT OF CASH EQUITIES: IN 2009, TRANSACTION REPORTS IN RESPECT OF CERTAIN TRANSACTIONS ON THE UK MARKETS WERE LOST DUE TO A CHANGE IN SEB'S OWS-SYSTEM. THE ERROR IN TRANSACTION REPORTING WAS IDENTIFIED INTERNALLY BY SEB, AND WE INFORMED FINANSINSPEKTIONEN (THE SWEDISH FSA) ABOUT IT. A SPECIAL PROJECT WAS INITIATED DUE TO THE INCIDENT, AND IMPROVEMENTS WERE MADE TO OUR INTERNAL PROCESSES.

Matter Name OCTOBER 2011 FINANSINSPEKTIONEN CASE; FI DNR 10-5747

Matter Details AUTHORITY AND SANCTION:

FINANSINSPEKTIONEN (SWEDISH FSA)
SANCTION: 20 000 SEK (CURRENCY EQUIVALENT IN $ ROUGHLY 3000)

FACTS IN BRIEF:

LATE DISCLOSURE OF MAJOR SHAREHOLDINGS IN A LISTED COMPANY: A CLIENT OF ONE OF SEB'S NON-SWEDISH INSURANCE COMPANIES BOUGHT SHARES - WITHIN AN INSURANCE WRAPPING - IN THE LISTED COMPANY NETONNET AB. THIS CAUSED SEB TO EXCEED THE DISCLOSURE THRESHOLD 5 %, AND THE DISCLOSURE WAS MADE TOO LATE.

Matter Name MAY 2011 FINANSINSPEKTIONEN CASE; FI DNR 11-5466

Matter Details AUTHORITY AND SANCTION:

FINANSINSPEKTIONEN (SWEDISH FSA)
SANCTION: REPRIMAND + 2 MILLION SEK (CURRENCY EQUIVALENT IN $ ROUGHLY 300 000 )

FACTS IN BRIEF:

Page 31

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

DEFICIENCIES IN RESPECT OF FUND DEPOSITORY OBLIGATIONS: SEB IS THE LARGEST INVESTMENT FUND DEPOSITORY IN SWEDEN. FOLLOWING A PEER REVIEW OF FUND DEPOSITORIES IN THE SWEDISH MARKET, FINANSINSPEKTIONEN CONCLUDED THAT SEB - AS AN INVESTMENT FUND DEPOSITORY - HAD FAILED TO MEET ALL ITS STATUTORY OBLIGATIONS, AND IMPOSED A SANCTION ON SEB. ALSO THE OTHER SWEDISH DEPOSITORIES (HANDELSBANKEN AND SWEDBANK) WERE SANCTIONED ON THE SAME BASIS. FINANSINSPEKTIONEN WAS HOWEVER SATISFIED THAT SEB HAD TAKEN ADEQUATE MEASURES TO REMEDY THE OBSERVED DEFICIENCIES.

Matter Name NOVEMBER 2011 CFTC CASE; CFTC CASE NO. 12-04

Matter Details AUTHORITY AND SANCTION:

CFTC; SANCTION: 150 000 $ CIVIL MONETARY PENALTY

FACTS IN BRIEF

CFTC ISSUED AN ORDER FILING AND SETTLED CHARGES AGAINST ENSKILDA FUTURES LTD (EFL) - A WHOLLY OWNED SUBSIDIARY OF SEB AB REGISTERED AS AN FCM WITH THE NFA - AND SEB AB FOR FAILING TO DILIGENTLY SUPERVISE ACCOUNTS CARRIED BY EFL IN VIOLATION OF CFTC REGULATION 166.3. SEB WAS ORDERED TO PAY THE PENALTY JOINTLY AND SEVERALLY WITH EFL BECAUSE EFL WAS ACTING AS AN AGENT FOR SEB AB AND BECAUSE SEB AB ACTED AS EFL'S PRINCIPAL. THE DEFICIENCIES WAS DETECTED BY CME, AND REMEDIED BY SEB AB/EFL PRIOR TO THE DATE OF THE ORDER.

Matter Name JANUARY 2013 CFTC CASE; CFTC CASE NO. 13-17

Matter Details AUTHORITY AND SANCTION

THE CFTC; SANCTION: USD 125,000

Page 32

# National Futures Association

Firm Application (7R) Filed January 11, 2014

OMB Number 3038-0072

NFA ID 0243341 SKANDINAVISKA ENSKILDA BANKEN AB PUBL

Submitted By BECKMANM2 MATS BECKMAN

FACTS IN BRIEF:

IN AN AGREED SETTLEMENT, ENSKILDA FUTURES LIMITED (EFL) - A WHOLLY OWNED SUBSIDIARY OF SEB AB REGISTERED AS AN FCM WITH THE NFA -AND SEB AB PAID USD 125,000 TO THE CFTC IN RELATION TO THE MISREPORTING OF EFL’S CAPITAL POSITION DURING A PERIOD IN 2011 AND DUE TO THE BREACH OF EFL’S MINIMUM CAPITAL REQUIREMENTS ON OCCASIONS DURING THIS PERIOD. THE PROBLEM AROSE DUE TO THE INCORRECT CALCULATION OF MARGIN TAKEN BY EFL FROM SEB, AS A RESULT OF WHICH THERE SHOULD HAVE BEEN A DEDUCTION OF THE UNCOLLECTED AMOUNT FROM EFL’S CAPITAL BASE CALCULATION. THE SITUATION WAS RECTIFIED THE MOMENT IT WAS RECOGNISED.

Matter Name MARCH 2013 FINANSINSPEKTIONEN CASE; FI DNR 12-12521

Matter Details AUTHORITY AND SANCTION:

FINANSINSPEKTIONEN (SWEDISH FSA)
SANCTION: 40 000 SEK (CURRENCY EQUIVALENT IN $ ROUGHLY 6000)

FACTS IN BRIEF:

FINANSINSPEKTIONEN IMPOSED THE FINE DUE TO A SLIGHT DELAY (ONE DAY) IN REQUIRED FINANCIAL REPORTING FROM SEB’S BRANCH OFFICES IN OSLO AND NEW YORK.

## Form SBSE-A: Registration for Security-Based Swap Dealers

### Applicant Information

**Full Applicant Name:** Skandinaviska Enskilda Banken AB (publ)

**NFA Number:** 243341

**IRS Employer ID No.:** 00-0000000

**CIK:** 0001534653

**UIC:** F3JS33DEI6XQ4ZBPTN86

**Main Address:** KUNGSTRADGARDSGATAN 8, STOCKHOLM, V7, 106 40

**Business Telephone:** (212) 907-4700

**Contact Employee:**

- **Name:** Amy Bian

- **Title:** Compliance Officer

- **Phone:** 0046707635051

- **Email:** amy.bian@seb.se

**Chief Compliance Officer:**

- **Name:** Cecilia Wolrath Ekenback

- **Title:** Chief Compliance Officer

- **Phone:** 0046707676755

- **Email:** cecilia.wolrathekenback@seb.se

### Business and Activities

**Registered as Swap Dealer?:** Yes

**Registered as Swap Participant?:** No

**Uses Mathematical Models?:** Yes

**Is a Non-Resident Entity?:** No

**Subject to Prudential Regulator?:** Yes

**Is an Investment Advisor?:** No

**Engaged in Other Business?:** Yes

**Holds Customer Funds?:** Yes

**Prudential Regulators:** The Federal Reserve Board

**Description of Business:**
SEB's SBS business is focused on providing efficient financing solutions to our Financial Institutions and Hedge Fund clients. Services and solutions to the former group of clients include efficient exposure to indices, basket and single stocks through swaps. To the Hedge Fund clients, SEB offers a suite of Financing products and solutions. The purpose is to facilitate our clients' execution of their strategies by offering e.g. long and short exposure through SBS or physical financing. In addition to the above client segments and products we engage in SBS business with selected corporate and family office clients. Solutions and products offered include incentive program hedging,stake building and financing of strategic holdings all done through equity swaps.

### Control and History

**Are records kept by another entity?:** Yes

**Does another entity hold funds on behalf of applicant?:** Yes

**Is control exercised through an agreement?:** No

**Is applicant financed by another entity?:** No

**Is applicant succeeding a prior entity?:** No

**Subject to foreign regulation?:** Yes

**Number of Principals:** 22

### Schedule A: Principals

| Name                            | Title or Status                            | Date Acquired   | Date Began Working   | Ownership         | NFA ID No.   |
|:---|:---|:---|:---|:---|:---|
| Marcus Wallenberg               | Chairman of the Board                      | 04/2005         | 04/2002              | NA - less than 5% | 471631       |
| Jonas Arthur Ahlstrom           | Chief Operating Officer                    | 01/2025         | 11/2005              | NA - less than 5% | 540832       |
| Kristian Garder                 | Co-Head Equities                           | 07/2021         | 07/2013              | NA - less than 5% |  |
| Signhild Lou Arnegard Hansen    | Director                                   | 04/2010         | 04/2010              | NA - less than 5% | 471220       |
| Anne Catherine Berner           | Director                                   | 06/2019         | 06/2019              | NA - less than 5% | 523019       |
| Winnie Kin Wah Fok              | Director                                   | 03/2013         | 03/2013              | NA - less than 5% | 471633       |
| Lars Johan Ottersgard           | Director                                   | 04/2019         | 04/2019              | NA - less than 5% | 521872       |
| Johan Lennart Torgeby           | Chief Executive Officer                    | 03/2017         | 05/2009              | NA - less than 5% | 471227       |
| Anna Karin Ragnhild Glimstroem  | Director                                   | 03/2016         | 01/1987              | NA - less than 5% | 495574       |
| Hanna Dalhagen                  | Global Head of Client Portfolio Management | 10/2021         | 06/1997              | NA - less than 5% |  |
| Jeanette Anna Almberg           | Head of Business Support & Operations      | 02/2022         | 01/2008              | NA - less than 5% | 546644       |
| Jacob Aarup Andersen            | Director                                   | 03/2022         | 03/2022              | NA - less than 5% | 495017       |
| John Michael Flint              | Director                                   | 03/2022         | 03/2022              | NA - less than 5% | 548104       |
| Cecilia Wolrath Ekenback        | Chief Compliance Officer                   | 02/2023         | 08/2015              | NA - less than 5% | 554768       |
| Svein Tore Holsether            | Director                                   | 04/2023         | 04/2023              | NA - less than 5% | 555972       |
| Marika Emilie Ottander          | Director                                   | 03/2024         | 11/1986              | NA - less than 5% | 563011       |
| John Ture Turesson              | Co-Head of Corporate & Investment Banking  | 01/2025         | 03/2006              | NA - less than 5% | 568033       |
| Christoffer Lars Malmer         | Chief Financial Officer                    | 10/2024         | 04/2011              | NA - less than 5% | 566800       |
| Andreas Fredriksson             | Co-Head of Corporate & Investment Banking  | 01/2025         | 10/2016              | NA - less than 5% | 568081       |
| Carlo Lugani                    | Head of Investment Banking                 | 01/2025         | 10/2011              | NA - less than 5% |  |
| Jan Erik Back                   | Director                                   | 04/2025         | 04/2025              | NA - less than 5% | 471223       |
| Eva-Kristiina Lindholm Ispahani | Director                                   | 04/2025         | 04/2025              | NA - less than 5% | 570669       |

### Schedule B: Explanations

**Description:**
Skandinaviska Enskilda Banken AB ("SEB") is a Swedish Credit Institution licensed by Finansinspektionen (the Swedish supervisor) to provide banking and investment services. The shares of SEB are admitted to trading on Nasdaq OMX Stockholm, i.e. the Swedish regulated market for trading in equities operated by Nasdaq OMX Nordic. SEB is the parent company of the SEB Group. The business activities of the SEB Group are carried out through the six Divisions; Corporate & Investment Banking (CIB), Wealth & Asset Management (WAM), Business & Retail Banking (BRB), Life, Investment Management and Baltic. Investment Banking (IB) is a business area within CIB. The Corporate & Investment Banking division serves large corporate customers and financial institutions and offers advisory-driven commercial and investment banking services in the Nordic region, Germany, United Kingdom and through an international presence. continued...

**Records Keeper:**

- **Name:** Bloomberg Finance L.P.

  - **Address:** 731 Lexington Avenue, New York, NY, 10022

  - **Effective Date:** 06-23-2014

  - **Arrangement:** Bloomberg Vault is used for storing and surveillance of communication data such as email and chat. The system is maintained by Bloomberg and SEB is entering and accessing data through system GUI as well as interfaces.

- **Name:** TS Imagine SwapOne

  - **Address:** 125 West 25th St, 8th floor, New York, 2J, 10001

  - **Effective Date:** 05-20-2021

  - **Arrangement:** SwapOne is used for position keeping and life cycle management of equity swaps. The system is maintained by TS Imagine and SEB is entering and accessing data through system GUI as well as interfaces.

- **Name:** S&P Global Market Intelligence ISDA Amend

  - **Address:** 4th floor, Ropemaker Place, 25 Ropemaker Street, London, X0, EC2Y 9LY

  - **Effective Date:** 12-12-2012

  - **Arrangement:** Markit ISDA Amend is used for making and storing regulatory elections, declarations and securely permission information to trading counterparties via ISDA protocols. The system is maintained by S&P Global Market Intelligence and SEB is entering and accessing data through system GUI.

**Onbehalf:**

- **Name:** JP Morgan AG, Frankfurt

  - **Address:** Taunustor 1, Frankfurt am Main, 2M, 60310

  - **Effective Date:** 10-13-2020

  - **Arrangement:** JP Morgan AG, Frankfurt is the Clearing Member for CDS trades cleared at LCH CDSClear, which SEB uses for clearing single-name and iTraxx CDS at that CCP.

- **Name:** BNP Paribas Securities Services London

  - **Address:** 10 Harewood Avenue, London, X0, NW1 6AA

  - **Effective Date:** 02-01-2005

  - **Arrangement:** The service arrangement includes custody, settlement and services regarding tax and corporate events.

### Execution

**Date:** 06-03-2025

**Name of Applicant:** Skandinaviska Enskilda Banken AB (publ)

**Signature:** John Turesson and Andreas Fredriksson

**Printed Name:** John Turesson and Andreas Fredriksson

**Title:** Co-Heads of Corporate & Investment Banking