Regulatory Alerts2023-11-23
Order on the Implementation of Auditing in ATP, AES Payout, and LD Funds
The Danish Ministry of Industry, Business and Financial Affairs and the Financial Supervisory Authority issued this order to regulate the external and internal auditing processes for ATP, AES Payout, and LD Funds. It mandates strict reporting protocols, including detailed audit logs, summaries of remarks, and specific conclusions on internal controls, related-party transactions, and investment asset oversight. The regulation further establishes rigorous independence, qualification, and operational requirements for internal audit functions and their chief auditors within these entities.
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