Financial Business Act.pdf

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
433. In the ”lov om beskatning af visse pensionskapitaler m.v.” (act on taxation of pension
income), cf. Consolidated Act no. 666 of 31 July 2002 as amended by section 2 in Act no. 1060
of 17 December 2002, the following amendments shall be made:
1. In section 1(1), no. 10 ”part 15 of the Insurance Business Act, part 8 of the Company
Pension Funds Act” shall be amended to: ”part 17 of the Financial Business Act, part 8 of the
Supervision of Company Pension Funds Act”.
2. In section 5b(2), ”section 6a(5) of the Insurance Business Act” shall be amended to:
”section 29(2) and (3) in the Financial Business Act”.
3. In section 7(7), no. 1 ”Insurance Business Act” shall be amended to: ”Financial Business
Act”.
4. In section 17(1), no. 4, ”part 16 of the Insurance Business Act” shall be amended to:
”sections 233 and 235 of the Financial Business Act”.
434. In the ”lov om beskatning af pensionsordninger m.v.” (act on taxation of pension
schemes etc.), cf. Consolidated Act no. 773 of 13 September 2002 as amended by section 3 in
Act no. 1066 of 17 December 2002, the following amendments shall be made:
1. In section 3(1), ”the Insurance Business Act” shall be amended to: ”the Financial Business
Act”.
2. In section 4(1), 1st clause and section 8(1), no. 1, 1st clause, ”section 211 of the Insurance
Business Act” shall be amended to: ”section 30(1), (4) and (7)-(10) of the Financial Business
Act”.
3. In section 11A(1), no.1; section 12(1), no. 1, 1st clause and section 13(1), 1st and 2nd
clauses, ”section 6a(1)-(4) of the Commercial Banks and Savings Banks, etc. Act” shall be
amended to: ”section 30(1), (4), (5), (9) and (10) of the Financial Business Act”.
4. In section 12(1), no. 1, 4th clause ”part 9a of the Commercial Banks and Savings Banks,
etc., Act” shall be amended to: ”sections 50 and 51 of the Financial Business Act”.
435. In the Corporation Tax Act, cf. Consolidated Act no. 736 of 28 August 2002 as amended
by Act no. 1042 of 17 December 2002, the following amendments shall be made:
1. Section 1(1), no. 2a shall be worded as follows:
”2a) savings banks, cooperative savings banks and affiliations of cooperative savings banks
under sections 89-96 of the Financial Business Act and associations established under section
215 of the Financial Business Act,”.
2. In section 1(1), no. 5, ”part 21 of the Insurance Business Act” shall be amended to:
”sections 294-303 of the Financial Business Act”.
EXCLUDING MINOR AMENDMENTS
3. Section 1(1), no. 5b, shall be worded as follows:
”5b) funds and associations as mentioned in section 220 of the Financial Business Act,
Kreditforeningen af Kommuner i Danmark (a mortgage-credit institute of local authorities),
Danish Ship Finance and Dansk Eksportfinansieringsfond,”.