Regulatory Alerts2024-05-28
Order on the obligation of financial undertakings etc. to publish the Danish Financial Supervisory Authority's assessment of the undertaking etc.
The Danish Financial Supervisory Authority (Finanstilsynet) has issued an order requiring a comprehensive list of financial undertakings to publicly disclose supervisory assessments following inspections or specific regulatory actions. These entities must publish the assessments on their websites within three business days, ensuring prominent visibility via links, while the Authority retains the right to publish directly if the entity fails to do so or in cases of technical difficulties. The regulation establishes strict formatting requirements, exemptions for market law disclosures or undue harm, and imposes fines for non-compliance, replacing the previous 2022 order effective July 1, 2024.
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