Regulatory Alerts2023-12-12
Order on Financial Reports for the Labour Market Supplementary Pension
The Danish Financial Supervisory Authority issued this Order to establish detailed reporting requirements for the Labour Market Supplementary Pension (ATP), mandating annual and half-yearly reports in accordance with international accounting standards. The regulation specifies mandatory balance sheet items, such as guaranteed benefits and market-exposed annuities, and requires extensive disclosures in the notes and management report, including non-financial sustainability data. It also introduces strict rules on corporate governance, diversity, and data ethics, with penalties for non-compliance and an effective date of January 1, 2024.
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