Regulatory Alerts2021-11-23
Order on Mergers of Cooperative Banks, Savings Banks and Limited Liability Companies Authorized to Conduct Credit Institution Business
The Danish Financial Supervisory Authority issued this Order to regulate the merger procedures for cooperative banks, savings banks, and authorized limited liability companies. It establishes specific rules for the application of the Companies Act, defines the treatment of reserves and member compensation, and sets out the conditions for the legal effect of such mergers. The regulation supersedes four previous orders and entered into force on January 1, 2022.
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