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Foreword
The end of 1999 marked the end of the first four-year period of appointment
for the members of the Danish Securities Council. In 1999, the Danish Securities
Council continued work on reissuing the Executive Orders which were issued when
the Council was set up in 1996, and work continued on the basic framework for
the Danish securities market.
Within the securities-market area, 1999 saw the introduction of the
electronic trading system at the Copenhagen Stock Exchange, new obligations to
disclose information for issuers of listed securities, and the Danish Securities
Council Executive Order on obligations to submit offers and voluntary take-over
bids.
The Danish Securities Council discussions regarding transparency and other
fundamental principles within the securities market have also continued in 1999.
Moreover, the Council has been involved in a series of specific matters, which
are described in more detail in this Report.
The Danish Securities Council will continue to work for expedient and well
functioning development within the securities market, particularly in light of
developments at European level.
This Annual Report for 1999 covers the period 1 April to 31 December 1999.
The activities of the Council from 1 January to 31 March 1999 are included in
the Annual Report for 1998.
The Danish Securities Council, June 2000
Erik Hoffmeyer
Chairman of the Danish Securities Council
   
Published by the Danish Securities Council, June 2000
Electronic edition by Netbureauet Araneum |
