Legal Division

The Division is responsible for regulatory activities, legal assistance and servicing councils.

In relation to regulatory activities, the Division is responsible for:

• Coordinating legislative preparatory work by the Danish FSA
• Giving technical legal assistance to other divisions in the Danish FSA
• Amending the Financial Business Act and the Payment Services and Electronic Money Act
• Amending cross-sectoral provisions in financial legislation.

 

In relation to providing legal assistance and servicing councils, the Division is responsible for:

• Providing legal advice to the board of management and other divisions of the Danish FSA
• Processing decisions by the Danish FSA brought before the Company Appeals Board 
• Interpreting financial acts and executive orders
• Acting as secretariat to the Financial Business Council and the Danish Securities Council.

 

In addition, the Division is in charge of coordination of services to the Minister and the Minister's Department.

 

Expertise centre for the money laundering area, payment institutions and providers of electronic money

The Division is an expertise centre for the money laundering area, payment institutions and providers of electronic money, and is responsible for the following tasks:

• Supervising undertakings covered by the Money Laundering Act
• Authorising and supervising payment institutions and providers of electronic money
• Performing information activities; contact to sectors and services for citizens
• Coordinating cooperation between authorities in the money laundering area
• Carrying out international tasks, including the FATF and the EU.

 

Director Mark Andrew Rønnenfelt