Regulatory Alerts2025-06-04
Order on Remuneration Policy and Pay in Insurance Undertakings, Insurance Holding Companies and Occupational Pension Funds
The Danish Financial Supervisory Authority issues this order to implement EU directives regarding remuneration policies and pay practices for insurance undertakings, insurance holding companies, and occupational pension funds. It mandates that boards establish and maintain remuneration policies that align with business strategies, risk profiles, and long-term interests, while ensuring a balance between fixed and variable pay components. The regulation imposes strict disclosure requirements on variable pay, severance packages, and executive compensation, requiring annual public reporting and submission of data to the European Single Access Point.
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