Regulatory Alerts2021-11-08
Order on Physical and Legal Persons Exempt from Licensing for Investment Services and Activities
The Danish Financial Supervisory Authority issued this Order to specify which physical and legal persons may provide investment services or conduct investment activities without a license under the Danish Act on Securities Trading Companies. The regulation establishes exemptions for various entities, including crowdfunding providers, insurance companies, employee share scheme managers, central securities depositories, and energy market operators, subject to specific conditions. It implements provisions of the EU Markets in Financial Instruments Directive (MiFID II) and repeals the previous 2017 Order on similar exemptions.
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