05 November 2020
New guidance on AISP and PISP AML requirements in Denmark
www.twobirds.com/en/news/articles/2020/denmark/new-guidance-on-aisp-and-pisp-aml-requirements-in-denmark

On 3 November, the Danish Financial Supervisory Authority (Danish FSA) issued revised AML Guidelines (Danish AML Guidelines) under the Danish Act no. 380 on Measures to Prevent Money Laundering and Financing of ...

30 June 2020
Changes to regulatory framework on the pricing model for the Danish Dankort scheme
www.twobirds.com/en/news/articles/2020/denmark/changes-to-regulatory-framework-on-the-pricing-model-for-the-danish-dankort-scheme

Providers of certain Danish payment instruments – currently only the Danish Dankort scheme operated by Nets - have for several years been subject to pricing regulations limiting such providers to only charge payees an ...

02 November 2020
Bird & Bird announces the promotion of the recognised fintech lawyer, Annette Printz Nielsen, as new partner and manifests its position as the best legal tech advisor in Denmark
www.twobirds.com/en/news/press-releases/2020/denmark/partnerudnaevnelse---annette-printz-nielsen

Bird & Bird today announces the promotion of the recognized fintech lawyer, Annette Printz Nielsen, to partner in Copenhagen. Annette Printz Nielsen will also join as head of Bird & Bird’s Financial Services Sector ...

01 July 2019
Danish FSA issues statement addressing possible exemption for financial management systems, ERP systems and similar systems with an integrated payment function from the requirement of strong customer authentication under PSD2
www.twobirds.com/en/news/articles/2019/denmark/the-danish-fsa-issues-statement-addressing-possible-exemption-for-financial-management-systems

The Danish FSA recently issued a statement addressing possible exemption for financial management systems, ERP systems and similar systems with an integrated payment function from the requirement of strong customer ...

01 April 2020
The New Danish requirements for Outsourcing in the Financial Sector - How to become compliant
www.twobirds.com/en/news/articles/2020/denmark/skaerpede-krav-til-outsourcing-i-den-finansielle-sektor

The new executive order on outsourcing for credit institutions etc. – expected to become effective on 1 July 2020 – introduces stricter requirements for corporate governance and for new and existing outsourcing ...

08 April 2020
Postponement Of Holidays In Connection With COVID-19
www.twobirds.com/en/news/articles/2020/denmark/covid-19-udskydelse-af-ferie-i-forbindelse-med-covid-19

On 2 April 2020, the Danish government has passed act no. 348 on postponement of holidays in connection with COVID-19 allowing employers to postpone employees’ holidays accrued to the next holiday period.

04 February 2020
Bird & Bird advises Danish fintech in getting authorisation as account information service provider (AISP) under PSD2
www.twobirds.com/en/news/press-releases/2020/denmark/bird-and-bird-advises-danish-fintech-in-getting-authorisation

The Danish fintech, Kontolink, has obtained a license from the Danish FSA for providing account information services.

20 March 2019
Bird & Bird advises August Sandgren A/S in seed investment round.
www.twobirds.com/en/news/articles/2019/denmark/klientcase-bird-bird-raadgiver-august-sandgren-ved-seedinvestering

Bird & Bird assisted August Sandgren in connection with an investment round with private investors.

24 February 2020
Danish implementation of EBA guidelines on outsourcing
www.twobirds.com/en/news/articles/2020/denmark/danish-implementation-of-eba-guidelines-on-outsourcing

On 20 February 2020, the Danish Financial Supervisory Authorities (Danish FSA) published consultations on two new executive orders on outsourcing in the financial sector setting out the requirements to financial ...

09 December 2019
Danish Competition and Consumer Authority publishes first decision and injunction on discriminatory access to accounts maintained by a credit institution
www.twobirds.com/en/news/articles/2019/denmark/danish-competition-and-consumer-authority-publishes-first-decision-and-injunction

On 4 December 2019, the Danish Competition and Consumer Authority (DCCA) published their first decision and injunction on discriminatory access to accounts maintained by a credit institution under Article 63(1) of the ...