New requirements for banks: ESG plans, crypto and management
Official title (in Danish): Lov om ændring af lov om finansiel virksomhed, lov om forvaltere af alternative investeringsfonde m.v., lov om investeringsforeninger m.v., hvidvaskloven og forskellige andre love (Håndtering af kryptoeksponeringer, udarbejdelse af ESG-omstillingsplaner, nye dokumentationskrav for institutternes ledelsesstruktur, ansvarsfordeling og rapporteringslinjer, tydeligere regler for tilladelse til kreditinstitutter fra lande uden for EU/EØS (tredjelande), ny tilsynsbeføjelse til Finanstilsynet om godkendelse af væsentlige erhvervelser af kapitalandele i andre selskaber, strafbelæggelse af disclosureforordningen, modernisering af reglerne i FAIF-UCITS II-direktivet, styrkelse af reglerne om bekæmpelsen af national og international hvidvask og oprettelse af et fælles europæisk adgangspunkt (ESAP) til indsendelse af en række offentliggjorte oplysninger m.v.)
In short
Reading time: 1 min- What changes:
- The act amends several financial acts.
- Banks and mortgage credit institutions must, among other things, prepare ESG transition plans and assess in advance their exposures to crypto-assets and their risk management, and report this to the Danish Financial Supervisory Authority (Finanstilsynet).
- Who: The rules apply in particular to deposit banks, mortgage credit institutions and other financial companies, as well as credit institutions from countries outside the EU that need permission from the Danish Financial Supervisory Authority (Finanstilsynet) for certain activities (with exceptions, for example if the customer contacts them themselves).
- When: The rest of the Act entered into force on 1 July 2025. Section 6, no. 4, 10, 13, 14 and 54 entered into force on 22 June 2025. Some parts entered into force on 2 July 2025. Some parts entered into force on 29 September 2025. Some parts entered into force on 1 March 2026. Section 6, no. 2, 11, 45, 52 and 53 entered into force on 10 July 2026. Some parts will enter into force on 1 January 2027. Some parts will enter into force on 16 April 2027. Section 3, no. 35, 38 and 39 will enter into force on 10 January 2028. Some parts will enter into force on 10 January 2030.
Written by AI from verbatim quotes from the source and checked by code and AI. Dates, tables and the fact box are calculated by fixed rules. Unofficial translation. Always read the original.
Sources and original
Read the official text (in Danish) →
The case at the Danish Parliament (ft.dk)
Source: Retsinformation.dk
Translated from Danish · The Danish version and the original source apply.
Summary by the Danish Parliament (in Danish)
Med lovforslaget foreslås bl.a.: - at forpligte kreditinstitutter til at udarbejde omstillingsplaner for bæredygtighed og give Finanstilsynet en række tilsynsbeføjelser på dette område, - at børsnoterede skadesforsikringsselskabers kan aflægge årsregnskab efter de internationale regnskabsstandarder (IFRS) i stedet for at aflægge årsregnskab efter de danske regnskabsregler, og - at sikre et mere effektivt værn mod hvidvask og terrorfinansiering, herunder at styrke Hvidvasksekretariatets muligheder for at skabe et overblik over mistænkelige aktører og netværk og give et bedre efterretningsbillede for National enhed for Særlig Kriminalitet og Politiets Efterretningstjeneste. Derudover foreslås en række justeringer og præciseringer af den finansielle regulering, som følge af EU-regulering, herunder at påbegynde gennemførelsen af sjette kapitalkravsdirektiv og tredje kapitalkravsforordning. Hermed indføres der en overgangsordning for lavrisiko boliglån, tydeliggøres tilladelseskrav for filialer af kreditinstitutter fra lande uden for EU/EØS, fastsættes nærmere krav til, hvordan virksomhederne skal sikre, at ledelsesmedlemmer opfylder egnetheds- og hæderlighedskravene med henblik på at understøtte rammerne for god ledelse i virksomhederne på det finansielle område m.v.
Source: Folketinget (ft.dk). Reproduced unchanged.
Timeline
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- Introduced · 9 April 2025Status in the Danish Parliament: Fremsat
- Passed · 11 June 2025Status in the Danish Parliament: 3.beh./Vedtaget
- Stadfæstet · 20 June 2025Status in the Danish Parliament: Stadfæstet
- Date to be set later · 21 June 2025Status in the Danish Parliament: Stadfæstet
- Partly entered into force · 22 June 2025Status in the Danish Parliament: Stadfæstet
- Date of entry into force set · 27 June 2025Status in the Danish Parliament: Stadfæstet
- Partly entered into force · 1 July 2025Status in the Danish Parliament: Stadfæstet
- Partly entered into force · 2 July 2025Status in the Danish Parliament: Stadfæstet
- Partly entered into force · 29 September 2025Status in the Danish Parliament: Stadfæstet
- Partly entered into force · 1 March 2026Status in the Danish Parliament: Stadfæstet
- Partly entered into force · 10 July 2026Status in the Danish Parliament: Stadfæstet
- The rest enters into force · 10 January 2030In 1163 days