The Danish Financial Supervisory Authority encourages applicants to submit the application before 15 October 2020 in order to be sure that the Danish Financial Supervisory Authority is able to assess the application before the end of the transitional period entered into between the EU and the United Kingdom.
The United Kingdom left the EU on 31 January 2020. In this connection, the EU and United Kingdom entered into a transitional agreement, which includes credit institutions and investment firms from the United Kingdom being able to continue to provide investment services and activities to customers in Denmark up to 31 December 2020. When the transition period expires, credit institutions and investment firms from the United Kingdom will no longer have access to provide investment services and activities in Denmark, unless they have a separate license from the Danish Financial Supervisory Authority.
Credit institutions and investment firms from the United Kingdom that intend to provide cross-border investment services and activities in Denmark to Danish eligible counterparties and per se professional clients after the end of the transitional period can apply to the Danish Financial Supervisory Authority for a license in accordance with section 33 of the Financial Business Act.
Licenses granted under section 33 of the Financial Business Act to credit institutions and investment firms from the United Kingdom up to the end of the transitional period will be conditional and temporary.
Credit institutions and investment firms from the United Kingdom must use the application form pro-vided by the Danish Financial Supervisory Authority:
Please follow the instructions given in the application form and please fill out all relevant fields and boxes in order for the Danish Financial Supervisory Authority to be able to assess the application.
The application shall be sent to [email protected]
