Regulatory Alerts2024-12-01
Order on the Basic Course for Board Members of Credit Institutions, Mortgage Credit Institutions and Insurance Undertakings
The Danish Financial Supervisory Authority issued this order to mandate a basic course for board members of credit institutions, mortgage credit institutions, and insurance companies joining their roles on or after January 1, 2025. The regulation specifies mandatory training topics, learning objectives, and approval procedures for course providers to ensure board members possess necessary competencies in areas such as risk management, governance, and regulatory compliance. It also outlines provisions for exemptions, certificate issuance, and the replacement of the previous 2016 order effective December 31, 2025.
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