Our expertise includes:
- Setting up new financial businesses, insurance brokers and investment advisers, for example applications for licences
- Setting up and registration of branch offices for foreign stockbrokers, insurance companies and insurance brokers
- Investment service activities
- Direct and indirect marketing of collective investment undertakings (UCITS), including registration in Denmark
- The AIFM Directive, including marketing of Danish and non-Danish (EU and non-EU/EEA) AIFs in Denmark as well as registration of non-Danish alternative fund managers.
- Regulation of securities trading activities, including compliance and the MiFID Directive
- Insurance products and distribution channels, including good business practice and insurance contract law.
How can we help?
We render specialist advice to financial businesses, including Danish and international (EU and non-EU/EEA) alternative fund managers, stockbroker companies, investment advisers, UCITS, AIFs, insurance companies and insurance brokers.
We have in-depth knowledge of applicable legislation and practice, and we have established a close working relationship with the Danish Financial Supervisory Authority and other relevant authorities.
Regulatory matters play an important role when financial businesses wish to set up or offer services and products in Denmark. Only regulated businesses, such as banks, stockbroker companies, insurance companies and insurance brokers, are authorised to offer financial services, including investment services, in Denmark.
Moreover, the marketing and offering of securities is subject to regulation. So is the direct and indirect marketing of certain units in collective investment schemes, such as investment undertakings (UCITS), and alternative investment funds (AIFs) require registration with the Danish Financial Supervisory Authority.
Non-compliance with statutory requirements may result in “naming and shaming”, imposing of fines and the withdrawal of licences or authorisations.