Regulatory Alerts2025-06-23
Order on Financial Reports for Insurance Undertakings and Cross-Border Pension Funds
The Danish Financial Supervisory Authority and the Ministry of Industry, Business and Financial Affairs issued this Order to regulate the preparation and publication of annual and half-yearly financial reports for insurance undertakings and cross-border pension funds. The regulation mandates specific accounting treatments, including the application of international accounting standards, detailed balance sheet classifications, and the calculation of technical provisions for life and non-life insurance. It further establishes strict disclosure requirements regarding sustainability reporting, tax information, and the reconciliation of figures reported to regulators versus those in published financial statements.
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