DFSA regulatory organization

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DFSA (Danish Financial Supervisory Authority) is the Danish financial Supervisory authority, founded in 2003. The main task of the regulator DFSA is to create favourable conditions for investment in Denmark, each company provided the most transparent terms of cooperation for clients and partners. The principle of operation of DFSA can be compared with the British regulator FCA. Regulatory organization DFSA works closely with the Ministry of Finance and the National Bank of Denmark, to give them support in dealing with various issues.

The functions of the regulator DFSA

  • Licensing of commercial banks, pension funds, mortgage companies, insurance companies, investment firms, stock brokers and other companies that want to conduct their activities in the territory of Denmark;
  • The development of laws in the sphere of supervision over the securities market and investment in General together with the Central Bank and the Ministry of Finance;
  • Monitoring the financial solvency of companies;
  • Conduct regular inspections of banks and financial companies regarding the implementation of their obligations;
  • Informing the public about the economic developments in the country;
  • Publishing economic and statistical reports.

Insights

On the official website of the DFSA, you can see list of financial companies licensed by the Danish regulator, and a black list of unscrupulous companies who violated their obligations to customers, or performed its activities in Denmark illegally. Since Denmark is in the EU, it is subject to the requirements of MiFID, financial companies operating in Denmark, comply with all the requirements of this legislation. Thus, state support, cooperation with the Ministry of Finance and the National Bank of Denmark, as well as compliance with MiFID, DFSA make a reliable controller in SFhéré financial markets.