Regulatory Alerts2026-04-24
Report on Inspection of the Board's Follow-up on Costs and Returns in the Investment Company Danske Invest Index
The Danish Financial Supervisory Authority conducted a November 2025 thematic inspection of Danske Invest Index and issued a compliance order after determining that the board’s annual cost analysis fails to benchmark individual portfolio management and distribution expenses against comparable funds. The regulator mandates that the investment company establish a comprehensive assessment framework for these costs, explicitly documenting the methodology in its governance procedures to ensure continuous board oversight. This directive requires the board to systematically compare fund expenses with market peers to adequately safeguard investor interests and fulfill statutory fiduciary duties.
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