Regulatory Alerts2024-12-05
Order on the Merger of Mutual Insurance Companies or Cross-Border Pension Funds and Others
The Danish Ministry of Industry, Business and Financial Affairs, in collaboration with the Financial Supervisory Authority, issues this Order to regulate the merger procedures for mutual insurance companies and cross-border pension funds. The document adapts specific sections of the Danish Companies Act to the unique legal characteristics of mutual entities, defining how terms like shareholders and capital are interpreted as members and equity. It establishes distinct rules for mergers between mutuals, between mutuals and joint-stock companies, and for cross-border pension funds, with the regulation entering into force on January 1, 2025.
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