Regulatory Alerts2024-02-20
Order on the Marketing of Foreign UCITS in Denmark
The Danish Financial Supervisory Authority issued this order to regulate the direct and indirect marketing of foreign UCITS shares in Denmark, implementing EU directives 2009/65/EF and 2019/1160. It mandates that foreign UCITS notify the authority of their investor targets, maintain specific operational tasks such as handling subscriptions and providing information in Danish, and ensure transparent document publication. The regulation also establishes fees, penalties for non-compliance, and the conditions under which marketing activities may be suspended or terminated.
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