International financial institutions may be exempt from certain rules in Greenland
Official title (in Danish): Lov om undtagelse fra regulering på Erhvervsministeriets ressort for internationale finansielle institutioner med virke i Grønland
In short
Reading time: 1 min- What changes:
- The Minister for Business Affairs may set rules to exempt international financial institutions from regulations within the Ministry's area in Greenland.
- This requires an agreement with Naalakkersuisut (the Greenlandic government).
- It applies only to areas that Greenland has not taken over itself.
- An example of such an institution is the European Investment Bank (EIB).
- Who: The rules apply to international financial institutions of which Denmark is a member, and their activities in Greenland.
- When: The date of entry into force is not yet known.
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)
Formålet med lovforslaget er at sikre, at internationale finansielle institutioner som Den Europæiske Investeringsbank, EIB, kan undtages fra regulering på Erhvervsministeriets ressort i Grønland, såfremt dette ønskes af Naalakkersuisut (den grønlandske regering). Baggrunden for lovforslaget er bl.a., at Grønland ikke er medlem af EU og dermed ikke har tiltrådt de EU-retsakter, som bl.a. regulerer visse internationale finansielle institutioners virke. Der kan derfor opstå situationer, hvor internationale finansielle institutioner, som Danmark er medlem af, ikke har de samme rettigheder i Grønland som i Danmark. Der er derfor behov for at sikre mulighed for, at internationale finansielle institutioner som EIB også kan tilbyde deres produkter i Grønland inden for nærmere fastlagte rammer, såfremt der er grønlandsk ønske om det.
Source: Folketinget (ft.dk). Reproduced unchanged.
Timeline
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- Introduced · 8 October 2025Status in the Danish Parliament: Fremsat
- Passed · 19 December 2025Status in the Danish Parliament: 3.beh./Vedtaget
- Stadfæstet · 29 December 2025Status in the Danish Parliament: Stadfæstet
- Enters into forceThe date is not known yet