Denmark

The Danish Financial Supervisory Authority (DFSA) has investigated, together with Deon Digital Denmark A/S and their partners Agreena ApS (Agreena), BEC Financial Technologies a.m.b.a (BEC), Capital Market Partners A/S (CMP) and the University of Copenhagen (UCPH), whether and under what conditions Deon Digital’s Smart Financial Instruments system (SFI system)...

The Danish Financial Supervisory Authority (the Danish FSA) has conducted a thematic review of sustainability disclosures in prospectuses and key investor information documents (KIIDs) for eight funds that have sustainable investments as an objective (also known as “fully sustainable” funds). The review shows that the management companies (MCs) for...

The DFSA launches a new programme for strengthened operational resilience in the financial sector. In the programme, the consequences of an extensive ICT disruption will be analysed by means of cyber stress testing. 1. Background  It is an objective in the 2025 strategy of the Danish Financial Supervisory Authority (DFSA) that...

A basic payment account allows you to deposit money, withdraw cash and execute and receive payment transactions. The account can also be used as your public bank account in Denmark, a so called “NemKonto”. All EU natural citizens have the right to a basic payment account. In Denmark banks must...

Investment firms and credit institutions from a country outside the European Union with which the Union has not entered into an agreement in the financial area (third-country) may apply the Danish Financial Supervisory Authority for a license to carry out investment services and activities with or without ancillary services...

Blockchain is gaining traction in the financial field and the potential of the technology is widely recognised. However, with the use of new technology, new risks often also follow, and it can be difficult to determine how to handle services based on blockchain within the existing regulation. Together with ZTLment...

The European Commission has decided to permanently lower the threshold for notification of net short positions. The threshold is changed from 0.2% to 0.1% of the issued share capital and will apply as from Monday 31 January 2022. The European Securities and Markets Authority (ESMA) and the national competent authorities...

Danske Bank, Nykredit, Jyske Bank, and Sydbank have participated in the EU-wide stress test 2021. This is a very severe stress...

The Danish insurance company Gefion Finans A/S under frivillig likvidation (Gefion) formerly known as Gefion Insurance A/S has been declared bankrupt....

Save the Date: We would like to invite you to the Danish Financial Supervisory Authority’s annual seminar on money laundering and...

On 27 march 2019, Danish parliament reached a political agreement on strengthening the Danish efforts against financial crime. As a part...

The Danish market for mortgage credit bonds is the covered bond market in Europe with the highest trade transparency. ...