Regulatory Alerts2024-03-01
Executive Order on Investment Firm Companies and Investment Services and Activities
The Danish Ministry of Industry and the Danish Financial Supervisory Authority issued this order to consolidate the Law on Investment Firm Companies and Investment Services, incorporating amendments from multiple legislative acts up to December 2023. The regulation establishes the scope of application for investment firms, credit institutions, and various holding companies, while defining key terms such as 'small and unconnected investment firms' and 'consolidated situation' to align with EU regulations like IFR and MiFID II. It details specific compliance requirements, capital tests, and supervisory obligations for domestic and cross-border entities operating within the Danish financial market.
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