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Financial Business Act.pdf

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While this translation was carried out by a professional translation agency, the text<br />

is to be regarded as an unofficial translation based on the latest official Consolidated<br />

<strong>Act</strong> no. 286 of 4 April 2006. Only the Danish document has legal validity.<br />

October 2006, GlobalDenmark Translations<br />

4. In section 3(1), no. 9 ”insurance business” shall be amended to: ”financial business”.<br />

5. In section 3(1), no. 18, ”part 22a of the Insurance <strong>Business</strong> <strong>Act</strong>” shall be amended to:<br />

”section 307 of the <strong>Financial</strong> <strong>Business</strong> <strong>Act</strong>”.<br />

6. In section 13(12), ”part 15 of the Insurance <strong>Business</strong> <strong>Act</strong>” shall be amended to: ”part 17 of<br />

the <strong>Financial</strong> <strong>Business</strong> <strong>Act</strong>”.<br />

7. In section 13A, ”Institutions approved under the Mortgage Credit <strong>Act</strong>” shall be amended to:<br />

”Institutions licensed as mortgage-credit institutions under the <strong>Financial</strong> <strong>Business</strong> <strong>Act</strong>,”.<br />

8. In section 31(4), no. 2, ”part 4D of the Commercial Banks and Savings Banks, etc., <strong>Act</strong>”<br />

shall be amended to: ”sections 89-96 of the <strong>Financial</strong> <strong>Business</strong> <strong>Act</strong>”.<br />

9. In section 31(4), no. 9, ”institutions etc.” shall be amended to: ”funds and associations<br />

etc.”.<br />

10. In section 35M, ”section 52k of the Commercial Banks and Savings Banks, etc., <strong>Act</strong>” shall<br />

be amended to: ”section 215 of the <strong>Financial</strong> <strong>Business</strong> <strong>Act</strong>”.<br />

436. In the "lov om skattemyndighedernes organisation og opgaver m.v." (act on organisation<br />

and tasks etc. of the tax authorities), cf. Consolidated <strong>Act</strong> no. 617 of 22 June 2002, the<br />

following amendment shall be made:<br />

1. In section 20C(2) ”section 48a of the Commercial Banks and Savings Banks, etc., <strong>Act</strong>” shall<br />

be amended to: ”section 207 of the <strong>Financial</strong> <strong>Business</strong> <strong>Act</strong>”.<br />

437. In the "lov om indkomstbeskatning af selvstændige erhvervsdrivende" (act on income<br />

taxation of self-employed persons), cf. Consolidated <strong>Act</strong> no. 1 of 2 January 2002, as amended<br />

by section 5 of <strong>Act</strong> no. 290 of 15 May 2002, section 8 of <strong>Act</strong> no. 292 of 15 May 2002, section<br />

15 of <strong>Act</strong> no. 313 of 21 May of 2002, section 8 of <strong>Act</strong> no. 394 of 6 June 2002 and section 1 of<br />

<strong>Act</strong> no. 1062 of 17 December, the following amendment shall be made:<br />

1. In section 22b(3), ”section 6a(1)-(4) of the Commercial Banks and Savings Banks, etc.,<br />

<strong>Act</strong>” shall be amended to: ”section 30(1), (4), (5), (9) and (10) in the <strong>Financial</strong> <strong>Business</strong> <strong>Act</strong>”.<br />

437a. In the ”lov om fremme af privat udlejningsbyggeri” (act no. 1090 of 17 December 2002<br />

on the promotion of private rental housing), the following amendment shall be made:<br />

1. In section 1a(3), ”section 6a(5) of the Insurance <strong>Business</strong> <strong>Act</strong>” shall be amended to:<br />

”section 29(2) of the <strong>Financial</strong> <strong>Business</strong> <strong>Act</strong>”.<br />

437b. <strong>Act</strong> no. 349 of 17 May 2000 on flooding and windfall shall be amended as follows:<br />

1. In section 4(2), no. 1, ”section 5 of the Insurance <strong>Business</strong> <strong>Act</strong>” shall be amended to:<br />

“section 11 of the <strong>Financial</strong> <strong>Business</strong> <strong>Act</strong>”.<br />

2. In section 24(4), ”section 210 of the Insurance <strong>Business</strong> <strong>Act</strong>” shall be amended to:<br />

”section 60(3) of the <strong>Financial</strong> <strong>Business</strong> <strong>Act</strong>”.<br />

EXCLUDING MINOR AMENDMENTS<br />

The Faroe Islands and Greenland

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