Regulatory Alerts2024-06-14
Order on Investor Protection in Securities Trading
The Danish Financial Supervisory Authority issued this Order to implement EU directives regarding investor protection in securities trading, applying to various financial institutions and advisors. It establishes strict rules for client categorization, suitability and appropriateness tests, and mandatory disclosure of costs, risks, and conflicts of interest. The regulation specifically restricts the sale of subordinated write-down liabilities to retail clients and mandates clear information regarding cross-selling and portfolio management.
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