Regulatory Alerts2024-02-26
Act on Company Pension Funds
The Danish Ministry of Industry and the Danish Financial Supervisory Authority issued this regulation to implement EU directives regarding the activities and supervision of occupational pension funds (IORPs). The Act establishes the legal framework for company pension funds, defining their scope, operational requirements, governance structures, and capital adequacy standards. It mandates strict licensing procedures, prohibits non-pension business activities, and enforces consumer protection rules regarding data privacy and fair business practices.
Share