Regulatory Alerts2022-06-30
Order on the Management and Control of Credit Institutions and Other Financial Undertakings
The Danish Financial Supervisory Authority issued this Order to implement EU directives requiring credit institutions, investment firms, and other financial entities to establish robust governance frameworks. It mandates that boards and management define clear business models, risk policies, and organizational structures to ensure prudent operations and compliance with regulatory standards. The regulation strictly delineates the responsibilities of the board versus management, emphasizing adequate resources, conflict of interest management, and transparent reporting mechanisms.
Share