Plesner successfully assist in upholding fit & proper status of senior management member

On 6 October 2020, the board of directors of the Danish FSA decided to uphold the fit & proper status of a senior management member holding positions in several financial undertakings. This is the second time within a short period Plesner successfully assists a senior management member of a financial undertaking in demonstrating that the person meets the requirements to be considered fit & proper in a matter of principle importance before the board of directors of the Danish FSA.

The Danish FSA had in the specific matter decided to open a fit & proper case in respect of the person due to the person's role as a member of the board of directors of an insurance company, which among other things made an investment in another financial undertaking.

Plesner assisted the person in question in demonstrating that the person continues to satisfy the fit & proper requirements set out in Section 64 of the Danish Financial Business Act, Section 57 of the Danish Investment Associations Act and Section 4(1), no. 5, of the Financial Advisors Act.

Given the principal importance of the matter, it was heard and decided by the board of directors of the Danish Financial Supervisory Authority.

The decision has been published by the the Danish Financial Supervisory Authority and can be read on their website (in danish). 

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