Regulatory Alerts2025-06-23
Order on Liability Insurance, Guarantees, and Handling of Client Funds for Investment Advisors and Mortgage Intermediaries
The Danish Financial Supervisory Authority issued this order to mandate that investment advisors and mortgage intermediaries maintain specific liability insurance or guarantees meeting minimum coverage thresholds. It establishes strict rules for the handling of client funds, requiring segregated accounts and independent audits for mortgage intermediaries. The regulation supersedes previous orders and takes effect on July 3, 2025, with violations subject to fines and corporate criminal liability.
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