Objectives and Core Areas

Finanstilsynet (The Danish FSA) activities take place within three core areas:

• Supervision
• Regulation
• Information

 

Supervision

Supervision can be divided into supervision of financial undertakings and supervision of the securities market.

The supervision of financial undertakings comprises credit institutions, mortgage credit institutions, insurance companies, pension funds, insurance brokers, the Danish Labour Market Supplementary Pension (ATP), LD Pensions (LD), the Danish Labour Market Occupational Diseases Fund (AES), investment companies and investment associations (UCITS).

Market supervision includes undertakings permitted to operate stock exchanges (securities exchanges), authorised markets, securities brokers, money market brokers, clearing undertakings and registration undertakings (securities centres).

Through its market supervision, Finanstilsynet contributes to an efficient securities market, by counteracting, for instance, the abuse of inside information and price manipulation.

Regulation

One of the main objectives for Finanstlsynet is the drafting of financial laws and the issuing of executive orders.

Information

Finanstilsynet collects and publishes statistics and key figures concerning the financial sector. This allows for comparison across the entire financial sector and thus supports management, clients and investors in evaluating the risk profile of each financial undertaking.

Strategic Objectives

Finanstilsynet aims to be respected for its impartiality, its high professional level and prompt and correct case management. To ensure this, frequent evaluations and quality controls are carried out.

As part of this objective, Finanstilsynet observes international standards issued by The Basel-Committee, IAIS, IOSCO, FESCO, IMF etc.

As a means of strengthening the sector and the confidence in it, Finanstilsynet will focus increasingly on communication of information concerning the sector, in the coming years. Furthermore Finanstilsynet aims at focusing on efficient markets, internationalization and consumer aspects in its supervision and regulation work.

The purpose of the strategic objective is to:

• strengthen the market's role as a disciplinary factor through enhanced transparency
• intensify management's consideration of the risk profile
• improve consumers' possibilities to compare prices and products among companies.