The Danish Securities Council consists of 11 members with financial or legal knowledge as well as insight into the securities market.

The Danish Minister for Economic Affairs appoints the chairman and deputy chairman who shall represent general social interests. The chairman shall have financial and commercial expertise whereas the deputy chairman shall have legal and commercial expertise.

The other members and their substitutes are appointed by the Danish Minister for Economic Affairs on the recommendation of a number of organisations.

Thus, the National Bank (Danmarks Nationalbank) nominates one member, the Danish Insurance Association (Rådet for Dansk Forsikring og Pension) and the Company Pension Funds Association (Foreningen af Firmapensionskasser) nominate two members jointly, the Labour Market Supplementary Pension Scheme (ATP) and the Employees’ Capital Pension Fund (LD) nominate one member jointly. The Danish Securities Dealers Association (Børsmæglerforeningen) nominates two members. The Danish Bankers’ Association (Finansrådet) and the Federation of Danish Investment Associations (InvesteringsForeningsRådet) nominate one member jointly. The Association of Danish Mortgage Banks (Realkreditrådet) nominates one member and the Confederation of Danish Industries (Dansk Industri), the Danish Shipowners’ Association (Danmarks Rederiforening) and the Danish Chamber of Commerce (Det Danske Handelskammer) nominate one member jointly.

The members are appointed for up to 4 years at a time.

A member of the Danish Securities Council and the substitute for a member must not at the same time be a member of the management of a stock exchange, an authorised market place, a clearing centre, a central securities depository, a firm of money-market brokers or a firm of securities brokers.

Erik Hoffmeyer (chairman), former Governor of the National Bank

Mette Christensen (deputy chairman), vice-president
(Appointed by the Danish Minister for Economic Affairs)

Erik Behn, managing director
Substitute: Kurt Anker Nielsen, vice-managing director
(Nominated jointly by the Confederation of Danish Industries, the Danish Shipowners’ Association and the Danish Chamber of Commerce)

Mette Täby, strategic planning manager
Substitute: Birthe Werner, securities manager
(Nominated jointly by the Labour Market Supplementary Pension Scheme and the Employees’ Capital Pension Fund)

Niels Roth, director
Substitute: Kaj Østergaard Mortensen, vice-director

Niels-Erik Hemmingsen, director
Substitute: Henry Nielsen, bank director
(Nominated by the Danish Securities Dealers Association)

Karsten S. Knudsen, bank director
Substitute: Kaj Steenkjær, bank director (resigned with effect from 7 May 1997)
Substitute: Jan Kondrup, director (appointed with effect from 7 May 1997)
(Nominated jointly by the Danish Bankers’ Association and the Feder-ation of Danish Investment Associations)

Hugo Andersen, group managing director (resigned with effect from 3 March 1997)
Peter Engberg Jensen, group managing director (appointed with effect from 7 May 1997)
Substitute: Svend-Karsten Topp, securities manager
(Nominated by the Association of Danish Mortgage Banks)

Jens Thomsen, Governor of the National Bank
Substitute: Jørgen Ovi, vice-director
(Nominated by the National Bank)

Bent Nyløkke Jørgensen, managing director (resigned with effect from 13 November 1997)
Erik Adolphsen, managing director (appointed with effect from 13 November 1997)
Substitute: Knud Nissen, director

Bent Vestergaard Christensen, group managing director
Substitute: Lars Steen Hansen, director
(Nominated jointly by the Danish Insurance Association and the Company Pension Funds Association jointly).