Danish FSA has newly drawn up guidance on requirements in the financial legislation for the suitability and integrity of directors and board members (fit & proper)

The purpose of the update is to create transparency around both the Danish FSA’s practice for suitability assessments and the application process itself. In the guidance, the Danish FSA describes the general principles for assessing competence and experience requirements, which are based on a holistic approach when assessing candidates’ suitability. Several of the new initiatives on…