Aggregated News From Investment Management Regulators


Project on cyber stress test

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 the ICT security in the financial sector should match the sector’s ICT dependency as well as the threats. Moreover, the Danish National Strategy for Cyber and Information Security 2022-2024, which comprises the financial sector, has as its goal to secure that vital societal functions and economic activity in society can...

All EU-citizens has a right to a basic payment account

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 offer a basic payment account to all consumers with legal residence in a country within the EU or with residence in a country which the Union has entered into a financial agreement with. However, a bank may refuse to set up a basic payment account if a consumer: Cannot demonstrate a...

Application for a Danish third-country cross-border license

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 on a cross-border basis without establishing a branch in Denmark, cf. Section 41 of the Danish Act on Investment Firms and Investment Services and Activities and Section 33 of the Danish Financial Business Act (Danish third-country cross-border license). Legislative information  An application for a Danish third-country cross-border license must be submitted in...

Blockchain proves its potential in test in the DFSA’s regulatory sandbox, FT Lab

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 ApS (ZTLment), the Danish Financial Supervisory Authority (DFSA) has examined the use of the technology for a specific business model in the DFSA's regulatory sandbox, FT Lab. Blockchain allows for efficient settlement of payments  ZTLment's solution facilitates payments with electronic money issued on blockchain. The solution differs from other payment services using...

Lower threshold for notification of net short positions

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 want a better data basis to be able to assess the scope of net short positions. Therefore, at the recommendation of ESMA, the European Commission has adopted a permanent reduction of the notification threshold. The reduction entails that companies and persons with net short positions in a share must notify the...

Results for the Danish participants in the EU-wide stress test 2021

Danske Bank, Nykredit, Jyske Bank, and Sydbank have participated in the EU-wide stress test 2021. This is a very severe stress test, which leads to significant decreases in the capital ratios of the institutions. For Danske Bank the decrease is of a magnitude that the institution has to make use of the capital conservation buffer over the three-year projection. Jyske Bank fulfils its capital requirements, but with modest excess capital. All...

Gefion Finans A/S under frivillig likvidation (formerly Gefion Insurance A/S) declared bankrupt

The Danish insurance company Gefion Finans A/S under frivillig likvidation (Gefion) formerly known as Gefion Insurance A/S has been declared bankrupt. Policyholders can cancel their policy, if they wish to do so. The policy will be cancelled 3 months after the declaration of the bankruptcy in the Danish journal, Statstidende. The Danish Guarantee Fund for non-life insurance undertakings will only cover risks (within the scope of coverage) in Denmark for insurance...

Annual Seminar on Money Laundering and Terrorist Financing

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

An analysis on developing the digital infrastructure and strengthening the “Know Your Customer”-procedures

On 27 march 2019, Danish parliament reached a political agreement on strengthening the Danish efforts against financial crime. As a part of this agreement, the Danish Financial Supervisory Authority (DFSA) was assigned to analyse and identify initiatives that can support companies, who are subject to AML/CFT regulations in their efforts against financial crime with a specific focus on strengthening their Know Your Customer (KYC) procedures. ...

High trade transparency on the Danish mortgage bond market works well

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

Warning about false letters with the DFSA´s name, logo, stamp and signature

Several citizens have contacted the DFSA on the basis of having received false letters with the name and logo of the organization and in some cases even its stamp and signature. ...

The temporarily lowered notification threshold for net short positions in European shares will expire

Effective from 20 March 2021, the normal 0.2 percent notification threshold for net short positions in shares will come back into force. The European Securities and Markets Authority (ESMA) has on 15 March 2021 decided not to renew its decision to temporarily lower the notification threshold to 0.1 percent for net short positions in shares traded on regulated markets within the European Union. The temporarily lowered notification threshold introduced by ESMA on 16 March 2020 requires short sellers to submit notifications of their net short positions when they reach, exceed or fall below 0.1 percent of issuers’ issued share capital....

Regulator Information

Abbreviation: ASIC
Jurisdiction: Australia
Abbreviation: BCSC
Jurisdiction: Canada
Abbreviation: BVI FSC
Jurisdiction: British Virgin Islands
Abbreviation: CSA
Jurisdiction: Canada
Regulator Name: Capital Market Authority
Abbreviation: CMA
Jurisdiction: Saudi Arabia
Abbreviation: CIMA
Jurisdiction: Cayman Islands
Regulator Name: Central Bank of Armenia
Abbreviation: CBA
Jurisdiction: Armenia
Regulator Name: Central Bank of Iceland
Abbreviation: CB IS
Jurisdiction: Iceland
Abbreviation: CBR
Jurisdiction: Russian Federation
Abbreviation: CSRC
Jurisdiction: China
Abbreviation: CSSF
Jurisdiction: Luxembourg
Abbreviation: CFTC
Jurisdiction: USA
Abbreviation: CFPB
Jurisdiction: United States
Abbreviation: HANFA
Jurisdiction: Croatia
Abbreviation: CySEC
Jurisdiction: Cyprus
Abbreviation: DFSA
Jurisdiction: Denmark
Abbreviation: AFM
Jurisdiction: Netherlands
Regulator Name: European Banking Authority
Abbreviation: EBA
Jurisdiction: Supranational
Abbreviation: EIOPA
Jurisdiction: Supranational
Abbreviation: ESMA
Jurisdiction: ESMA
Abbreviation: FDIC
Jurisdiction: United States
Email: publi[email protected]
Regulator Name: Federal Reserve System
Abbreviation: FRB US
Jurisdiction: United States
Abbreviation: FRA
Jurisdiction: Egypt
Abbreviation: FCNB
Jurisdiction: Canada
Regulator Name: Financial Conduct Authority
Abbreviation: FCA
Jurisdiction: United Kingdom
Abbreviation: FinCEN
Jurisdiction: United States
Abbreviation: FINRA
Jurisdiction: United States
Regulator Name: Financial Market Authority
Abbreviation: FMA
Jurisdiction: Austria
Regulator Name: Financial Markets Authority
Abbreviation: AMF
Jurisdiction: Canada
Regulator Name: Financial Markets Authority
Abbreviation: AMF
Jurisdiction: France
Regulator Name: Financial Markets Authority
Abbreviation: FMA
Jurisdiction: New Zealand
Abbreviation: FSMA
Jurisdiction: Belgium
Abbreviation: SFC
Jurisdiction: Colombia
Abbreviation: FIN-FSA
Jurisdiction: Finland
Abbreviation: FME IS
Jurisdiction: Iceland
Abbreviation: FSA
Jurisdiction: Norway
Abbreviation: IOMFSA
Jurisdiction: Isle of Man
Abbreviation: JFSC
Jurisdiction: Jersey
Abbreviation: MFSA
Jurisdiction: Malta
Abbreviation: MSC
Jurisdiction: Canada
Abbreviation: MAS
Jurisdiction: Singapore
Abbreviation: NFA
Jurisdiction: United States
Abbreviation: CNV
Jurisdiction: Argentina
Abbreviation: OFAC
Jurisdiction: United States
Abbreviation: OCC
Jurisdiction: United States
Abbreviation: OSC
Jurisdiction: Canada
Abbreviation: CMVM
Jurisdiction: Portugal
Abbreviation: SEBI
Jurisdiction: India
Abbreviation: FSA
Jurisdiction: Japan
Abbreviation: SEC
Jurisdiction: United States
Abbreviation: SEC NG
Jurisdiction: Nigeria
Abbreviation: SEC TH
Jurisdiction: Thailand
Abbreviation: CVM
Jurisdiction: Brazil
Abbreviation: SFC
Jurisdiction: Hong Kong
Regulator Name: State Securities Commission
Abbreviation: SSC
Jurisdiction: Vietnam
Abbreviation: FI
Jurisdiction: Sweden
Abbreviation: FINMA
Jurisdiction: Switzerland
Abbreviation: UST
Jurisdiction: United States

Recent Articles

Proposed Rule Change to Amend FINRA Rule 2231 (Customer Account Statements)

Financial Industry Regulatory Authority, Inc.

Revision of Recommendation 25 – White Paper for Public Consultation

The Financial Action Task Force (FATF) is conducting a review of Recommendation 25 (R.25) on the transparency and beneficial ownership (BO) of legal arrangements....

ASIC warns super trustees to be transparent in their underperformance communications to members

ASIC today released the findings from its review of superannuation trustees’ communications with their members following the first annual performance test for MySuper products. The...

EBA replies to European  Commission’s call for advice on the Mortgage Credit Directive review

The European Banking Authority (EBA) published today an Opinion and Report in response to the European Commission’s Call for Advice (CfA) on the review of the Mortgage Credit Directive (MCD) .

Get the latest from Regulatory.News in your inbox!