Regulatory Alerts2022-06-15
Order on Competence Requirements for Employees Providing Investment Advice and Disseminating Information on Certain Investment Products
The Danish Financial Supervisory Authority issued this order to establish mandatory competence requirements for employees providing investment advice, pension fund advice, or disseminating information on investment products to retail customers. The regulation mandates specific training, documented experience, and passing approved examinations to ensure employees possess necessary knowledge of products, markets, and regulations. It also defines the oversight role of the Financial Supervisory Authority, including the establishment of advisory committees and a register of qualified personnel.
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