Financial Business Act.pdf

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While this translation was carried out by a professional translation agency, the text is to be regarded as an unofficial translation based on the latest official Consolidated Act no. 286 of 4 April 2006. Only the Danish document has legal validity. October 2006, GlobalDenmark Translations (5) The provisions of section 84b(1) and (2), nos. 5, 7 and 8 shall apply correspondingly to the extent that stock exchanges and authorised markets respectively have been granted authorities under subsection (1).” Subsection (5) shall hereafter become subsection (6). 36. In section 84(1), 1st clause, ”section 12(2) and (4)” shall be amended to: ”section 12b(1) and (2)”. 37. In section 84(2) and 84b(1) ”a registered payment system,” shall be inserted after: ”limited companies covered by section 7,”. 38. In section 84(3), 1st clause, ”sections 66(4) and 75 of the Financial Business Act” shall be amended to: ”sections 346(4) and 356 of the Financial Business Act”. 39. Section 84b(1) shall be worded as follows: ”84b.-(1) Only limited companies covered by section 7, a registered payment system, the securities dealer, the account-holding institution or the issuer of securities which a decision made by the Danish FSA or the Danish Securities Council concerns, cf. however subsections (2) and (3), shall be considered a party in relation to the Danish FSA or the Danish Securities Council.” 40. Section 84b(2), nos. 1 and 2 shall be repealed. Nos. 3-10 shall hereafter become nos. 1-8. 41. Section 84b(2), nos. 8-10, which become nos. 6-8 shall be worded as follows: ”6) Anyone who brings before the Danish Securities Council a decision made by a stock exchange, an authorised market, a clearing centre or a central securities depository in matters of far-reaching or principle significance, cf. section 88(3), and who the Danish Securities Council considers to be parties to the case, as well as others who the Danish Securities Council considers to be parties to the case. 7) An acquirer as mentioned in sections 31(1) and 32(1) and (2) as well as others that the Danish Securities Council, in special cases, regards as parties to the case. 8) Anyone that the Danish Securities Council, in pursuance of section 33(2), has identified as being covered by said obligation to report.” 42. In section 84b(2) the following shall be inserted as a new no. 9: ”9) Anyone whom the Danish FSA orders to draw up internal rules according to sections 36(2), 37(1) and 37a(1) and (2), or to amend these.” 43. In section 85, ”part 7 of the Financial Business Act” shall be amended to: ”part 22 of the Financial Business Act”. EXCLUDING MINOR AMENDMENTS 44. In sections 87(1) and 89(1) ”payment systems” shall be amended to: ”registered payment systems”.
While this translation was carried out by a professional translation agency, the text is to be regarded as an unofficial translation based on the latest official Consolidated Act no. 286 of 4 April 2006. Only the Danish document has legal validity. 45. Section 90 shall be repealed. October 2006, GlobalDenmark Translations 46. In section 92(1), no. 3 ”section 93(3)” shall be amended to: ”section 93(2)”. 47. In section 92(2), ”section 62(1), nos. 2-7,” shall be amended to: ”section 62(1), nos. 2-7 and subsections (2) and (3),”. 48. In section 92(3), ”a securities broker's, a money-market broker's,” shall be omitted. 49. In section 93(1), 1st clause, ”section 4(1), section 4a,” shall be omitted. 50. In section 93(1), 1st clause, ”section 12(1), (2) and (5)-(8)” shall be omitted and replaced with: ” sections 12, 12a, 12b(1)-(5) and (8), 12c and section 12d(1), (2), 1st clause and (3), (5) and (6),”. 51. Section 93(2) shall be repealed. Subsections (3)-(6) shall hereafter become subsections (2)-(5). 52. In section 94(2) ”section 93(5)” shall be amended to: ”section 93(4)”. 53. In section 96(1), ”a securities broker, a money-market broker, a registered payment system,” shall be inserted after: ”a central securities depository,”. 54. In section 96(2), ”the registered payment system,” shall be inserted after: ”the central securities depository,”. 427. In the ”lov om et skibsfinansieringsinstitut” (act on a ship financing institution), cf. Consolidated Act no. 684 of 19 August 2002, the following amendments shall be made: 1. In section 4(3), ”part 7a” shall be amended to: ”part 22”. 2. In section 4a, ”section 65(2)” shall be amended to: ”section 345(2)”. 428. In the Public Companies Act, cf. Consolidated Act no. 9 of 9 January 2002, the following amendments shall be made: 1. Section 59(5) shall be worded as follows: ”(5) The provisions of subsections (1)-(4) shall not apply to financial undertakings.” 2. Section 115a(4) shall be worded as follows: ”(4) Section 115(1) and (2) shall not apply to banks or to mortgage-credit loans issued by a mortgage-credit institution.” 429. In the ”lov om indskud på etableringskonto” (act on deposits in an establishment account), cf. Consolidated Act no. 722 of 27 August 2002, the following amendments shall be made: EXCLUDING MINOR AMENDMENTS
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