Regulatory Alerts2021-06-04
Order on the Financial Supervisory Authority's Use of Administrative Penalty Notices for Certain Capital Market Violations
The Danish Financial Supervisory Authority (Finanstilsynet) is authorized to issue administrative penalty notices to resolve specific capital market violations without court proceedings, provided the offender admits guilt and pays the fine. The order details nine categories of offenses, including incorrect disclosures, missing reports, and failure to notify transactions, which are eligible for this simplified enforcement mechanism. Acceptance of the penalty notice has the same legal effect as a court judgment and carries enforcement rights, with the regulation entering into force on July 1, 2021.
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