By David Moalem, Peter Smed, Stine Bernt Simonsen, Kristoffer Probst Larsen og Nikolai Villumsen
Today, the Danish parliament passed a Bill to ease the requirements for investment firms’ own funds and solvency requirements.
The easing represents a welcome adjustment of the existing regulation governing the requirements for investment firms’ own funds as it constitutes an over-implementation of the Directive 2013/36/EU, also known as the Capital Requirement Directive IV (CRD IV). Aside from easing the requirements for the existing investment firms, the eased regulation will facilitate the establishment process of new enterprises, including those setting up a business in the FinTech industry in Denmark.
The new rules will come into force on 1 January 2017.