Regulatory Alerts2024-12-05
Order on Permission to Provide Services in Denmark for Certain Insurance Companies with Headquarters in the United Kingdom
The Danish Financial Supervisory Authority issued this order to regulate the continued provision of services in Denmark by UK-based insurance companies that were registered to operate in Denmark before December 31, 2020. The regulation strictly limits these companies to servicing existing policies and prohibits them from entering into new agreements or extending existing ones. It further mandates compliance with Danish business practices, requires the maintenance of current information with the supervisor, and imposes specific representation requirements for certain liability risks.
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