Regulatory Alerts2026-04-21
Police Report on The Many AIFM A/S for Marketing Shares in Alternative Investment Funds
The Danish Financial Supervisory Authority reported The Many AIFM A/S (now The Many A/S) to the police for marketing shares in the The Many Regenergy KL fund to retail investors without authorization, constituting a violation of Section 5(4) and Section 190(1) of the FAIF Act. The surviving corporate entity has formally accepted a DKK 70,000 fine proposal issued by NSK to resolve the matter. This administrative summary is published in compliance with Section 171(3) of the FAIF Act.
Decision 21-04-2026 The Danish Financial Supervisory Authority reported the manager The Many AIFM A/S to the police on 1 June 2023 for violation of the Act on Alternative Investment Fund Managers. The Many AIFM A/S was changed to The Many 2 ApS, which was dissolved through a merger into The Many A/S, which has since changed its name. The surviving company has accepted a fine proposal of DKK 70,000. The police report was made following a legal violation in the marketing of the fund The Many Regenergy KL. This concerned a violation of Section 5, subsection 4, first sentence, in conjunction with Section 190, subsection 1, of the Act on Alternative Investment Fund Managers and others (FAIF Act) regarding the prohibition on marketing shares to retail investors without proper authorization.
The surviving company has chosen to accept a fine proposal of DKK 70,000 issued by NSK.
This summary is published pursuant to Section 171, subsection 3 of the FAIF Act
Police Report on The Many AIFM A/S for Marketing Shares in Alternative Investment Funds
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