AMVAB - Økonomi- og Erhvervsministeriet - Digital lovproces guide

Table 2.5: The development of the administrative costs (November 2001 - medio
September 2004)
AMVAB – Økonomi- og Erhvervsministeriet
The development of the administrative costs
Cost Nov.
2001
(m.
d.kr./year)
Cost Sept.
2004
(m.
d.kr./year)
Net effect
(m.
d.kr./year)
Development
(percent)
The Danish Commerce and Companies Agency 7,363.6 7,130.4 -233.2 -3.2 %
Danish Financial Supervisory Authority 782.4 1,046.0 263.6 33.7 %
Danish Maritime Authority 196.3 210.2 13.9 7.1 %
National Agency for Enterprise and Construction
166.4 172.9 6.5 3.9 %
Statistics Denmark 163.1 163.1 0.0 0.0 %
Danish Safety Authority Agency 63.0 70.8 7.8 12.4 %
Danish Energy Authority 43.7 44.4 0.7 1.7 %
Danish Competition Authority 28.0 28.0 0.0 0.0 %
The Danish Ministry of Economic and Business
Affairs (total)
8,806.5 8,865.9 59.3 0.7 %
As shown in the table above, the net effect of the changes in regulation represent
an increase of approx. 60 million d.kr./year, equivalent to approx. 1 percent of the
Ministry’s total administrative costs.
The majority of the net effect can be allocated to the Commerce and Companies
Agency. This legislative area has seen a reduction in the administrative costs
amounting to 233.2 million d.kr./year. This reduction is mainly due to a revision of
the Company Accounts Act that, among other things, included an alteration of the
classification of the companies subject to the diversified rules of accounting, inccluded
in the Act.
The increase related to the Financial Supervisory Authority is namely caused by the
transfer of the good practice legislation to the agency’s competence sphere. The
good practice legislation contains obligations for the companies, subject to the
rules, of written proceedings in customer relations and sales materiel, and documenation
of compliance with the regulation.
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