In 2013 the Corporate Governance Board began a comprehensive revision of the code which resulted in the revised Swedish Corporate Governance Code that came into force on 1 November 2015.
However, the work on revising the Code has continued in 2016. Due to the implementation into Swedish law of the directive and regulation on auditors and audits, the directive on non-financial information and the market abuse regulation the Corporate Governance Board has issued three instructions during 2016. These instructions are implemented in the revised Code.
This revised Code is applicable from 1 December 2016.