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
2001 on the reorganisation and winding-up of insurance undertakings, Official Journal L 110,
p. 28 (Insurers Reorganisation and Winding-Up Directive); Directive 2001/24/EC of the
European Parliament and of the Council of 4 April 2001 on the reorganisation and winding up
of credit institutions, Official Journal L 125, p. 15 (Winding-Up of Credit Institutions Directive);
Directive 2001/107/EC of the European Parliament and of the Council of 21 January 2002
amending Council Directive 85/611/EEC on the coordination of laws, regulations and
administrative provisions relating to undertakings for collective investment in transferable
securities (UCITS) with a view to regulating management companies and simplified
prospectuses, Official Journal L 041, p. 20 (Service Providers' Directive); Directive 2002/13/EC
of the European Parliament and of the Council of 5 March 2002 amending Council Directive
73/239/EEC as regards the solvency margin requirements for non-life assurance undertakings,
Official Journal L 077, p. 17 (Solvency 1 Directive); and the directives 79/267, 90/619, 92/96
and 2002/12, which are now consolidated in Directive 2002/83/EC of the European Parliament
and of the Council of 5 November 2002 concerning life assurance, Official Journal L 345, p. 1
(Life Assurance Directive).
1) This Consolidated Act contains provisions that implement the First Council Directive no.
73/239/EEC, of 24 July 1973, Official Journal no. L 228, p. 3 (First Non-Life Insurance
Directive); Council Directive 76/580/EEC of 29 June 1976, Official Journal L 189, p. 13
(amendment to the First Non-Life Insurance Directive); parts of the Fourth Council Directive
78/660/EEC of 25 July 1978, Official Journal L 222, p. 11 (Fourth Directive); parts of the
Seventh Council Directive 83/349/EEC of 13 June 1983 (Seventh Directive); parts of the Eighth
Council Directive 84/253/EEC of 10 April 1984, Official Journal L 126, p. 20 (Eighth Directive);
Council Directive 84/641/EEC of 10 December 1984, Official Journal L 339, p. 21 (amendment
of the First Non-Life Assurance Insurance Directive); parts of Council Directive 85/611/EEC of
20 December 1985, Official Journal L 375, p. 3 (UCITS Directive); Council Directive
86/635/EEC of 8 December 1986, Official Journal L 372, p. 1 (Bank Accounts Directive); the
Second Council Directive 88/357/EEC of 22 June 1988, Official Journal L 172, p. 1 (Second
Non-Life Insurance Directive); Council Directive 89/117/EEC of 13 February 1989, Official
Journal L 44, p. 40 (publication of annual accounting documents for branches in non-member
countries); parts of Council Directive 90/618/EEC of 8 November 1990, Official Journal L 330,
p. 44 (amendment of the First and Second Non-Life Insurance Directives); Council Directive
91/674/EEC of 19 December 1991, Official Journal L 374, p. 7 (Insurance Accounts Directive);
Council Directive 92/49/EEC of 18 June 1992, Official Journal L 228, p. 1 (Third Non-Life
Insurance Directive); Council Directive 93/6/EEC of 15 March 1993, Official Journal L 141, p. 1
(Capital Adequacy Directive); Council Directive 93/22/EEC of 10 May 1993, Official Journal L
141, p. 27 (Investment Services Directive); European Parliament and Council Directive
95/26/EC of 29 June 1995, Official Journal L 168, p. 7 (BCCI Directive); European Parliament
and Council Directive 98/31/EC of 22 June 1998, Official Journal L 204, p. 13 (amendment to
the Capital Adequacy Directive); European Parliament and Council Directive 98/33/EC of 22
June 1998, Official Journal L 204, p. 29; Council Directive 98/49/EC of 29 June 1998, Official
Journal L 209, p. 46; European Parliament and Council Directive 98/78/EC of 27 October 1998,
Official Journal L 330, p. 1 (Insurance Group Directive); the directives 73/183, 77/780,
89/299, 89/646, 89/647, 92/30, 92/121 and parts of 95/26 and 98/33, which are now
consolidated in Directive 2000/12/EC of the European Parliament and of the Council of 20
March 2000, Official Journal L 126, p. 1 (Credit Institutions Directive); parts of the European
Parliament and Council Directive 2000/26/EC of 16 May 2000, Official Journal L 181, p. 65
(Fourth Motor Insurance Directive); European Parliament and Council Directive 2000/46/EC of
18 September 2000, Official Journal L 275, p. 39 (E-money); European Parliament and Council
Directive 2000/64/EC of 7 November 2000, Official Journal L 290, p. 27 (exchange of
EXCLUDING MINOR AMENDMENTS