Regulatory Alerts2025-11-18
Act on Real Estate Credit Companies
The Danish Financial Supervisory Authority regulates real estate credit companies, requiring licensing, fit-and-proper management, and strict operational standards to implement the EU Mortgage Credit Directive. The legislation mandates robust internal controls, including whistleblower protection, fair remuneration policies, and transparent information disclosure to consumers regarding loan terms and fee changes. Enforcement powers include the authority to grant, suspend, or revoke licenses, while the Consumer Ombudsman is empowered to pursue legal action for breaches of fair business practices.
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