The Danish FSA publishes statement on temporary investment services licences to UK firms
On 3 June 2020, the Danish Financial Supervisory Authority (the "Danish FSA") published a statement regarding the conditional and temporary investment services licences it had granted during 2019 to UK credit institutions and investment firms. The licences enabled licensees to temporarily continue providing cross-border investment services in case an agreement between the EU and the UK had not been concluded before 31 January 2020.
The statement clarifies that the temporary licences are no longer relevant due to the agreement between the UK and the EU.
Furthermore, the Danish FSA declares that it will not currently process applications from UK credit institutions and investment firms concerning conditional and temporary licences for cross-border investment services.
Before 1 August 2020, the Danish FSA will publish further information on the possibility for UK credit institutions and investment firms to apply for conditional and temporary licences for the provision of cross-border investment services.
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