Regulatory Alerts2024-12-04
Order on the Obligation of Financial Undertakings to Publish the Danish Financial Supervisory Authority's Assessment of the Undertaking
The Danish Financial Supervisory Authority (Finanstilsynet) issues this order to mandate that supervised financial undertakings publish supervisory assessments, including findings, recommendations, and risk disclosures, following inspections or specific regulatory actions. The regulation specifies that these assessments must be published on the undertaking's website within three business days of receipt, with prominent links maintained for at least three months or until the next general meeting. Exemptions from publication are permitted only in cases of disproportionate damage or investigative needs, subject to a maximum two-year deferral period, with violations subject to fines.
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