Key Benefits:
Chapter 1 Scope and definitions, etc.
Chapter 2 Good practice, ownership and management, as well as disclosure of confidential information and so on.
Chapter 3 Security, valuation and maturity
Chapter 4 Special covered bonds-security, valuation and maturity
Chapter 5 Fleet Border
Chapter 6 Capital conditions and solvency
Chapter 7 Temporary placement, liquidity, and concerting rules etc.
Chapter 8 Accounting and auditing
Chapter 9 Capital Centers Accounts
Chapter 10 Aggregation, Termination and Crisis Management
Chapter 11 Penalty provisions
Chapter 12 Entry into force
Publication of a shipbuilding institute
In accordance with paragraph 5 (2), One and two, and section 14 (4). 2, in the Law of a Shipping Financial Institute, cf. Law Order no. 1376 of 10. In December 2007 :
Scope and definitions, etc.
§ 1. This notice shall apply to the Institute subject to the Act of a Shipping Financial Institute.
Paragraph 2. Where this notice refers to rules in the law of financial activities applicable to equivalent use, the general rules governing financial undertakings and special rules for financial institutions are understood in the law on financial activities, except where : elsewhere specified. Financial undertakings, respectively, in the financial undertaking of financial undertakings, shall be read as the Institute subject to the law of a shipbuilding institute in relation to this notice.
Paragraph 3. Realcreditobonds in the law of financial operations and in notices issued under the law shall be read as a cassete debt securities or ship ' s credits issued by a ship ' s financial institution, but not in section Fourteen, paragraph 14. 1, no. 6, and section 23 (4). 2.
§ 2. Chapter 2 of the Act on Definitions applicable to definitions shall apply by analogous use in this notice.
§ 3. A ship ' s financial institution may temporarily operate another company to ensure or conduct the pre-entered exposures. The Funding Foundation shall inform the Finance-monitoring thereof.
§ 4. A ship ' s financial institution wishing to establish a branch or subsidiary in a country other than Denmark shall have the authorisation of the GL of the Financial Authority to this end. The SEC is only permitted if the supervision considers that there is no reason to doubt that the institution's administrative structure and financial situation are justifiable as a basis for the envisaged establishment.
Good practice, ownership and management, as well as disclosure of confidential information and so on.
§ 5. Section 43-48 of the Act of Financial Business Act, in the case of good practice, price information and contractual relations, shall apply mutatis muctis to the ship ' s financing institute.
§ 6. Chapter 7 of the Act on Equity Financial Act shall apply mutatis muctis to the ship ' s financing institute.
§ 7. section 64-80 of Chapter 8 of the financial activities governing the management and the establishment of the undertaking shall apply mutatis muchatis to the ship ' s financial institution.
§ 8. Chapter 9 of the Act on the disclosure of confidential information shall apply mutatis muth to the ship ' s financing institute.
Security, valuation and maturity
§ 9. A shipbuilding institution can only lend loans to security.
Paragraph 2. The ship ' s financial institution shall establish a value of the ship or ships for the purposes of the security.
Paragraph 3. The valuation of the security shall be carried out on the basis of one of the shipbuilding institute or approved assessment.
Paragraph 4. The Management Board shall lay down guidelines for the valuation, including the visual inspection of pawned vessels and for the use of independent assessments. These guidelines shall be published on the ship ' s website and in the Management Report.
Paragraph 5. The valuation of the security shall be within the amount of the amount served by a competent acquiring knowledge of the special price and market conditions for the ship type in question must be estimated to pay for the ship. Concrete claims must not be included in the valuation of values. The institution shall take into account the possible risk of changes in market and structural conditions in the valuation of the securities to be used for the security of the system.
Paragraph 6. The value of the ship for the security shall be determined at the time when the Foundation shall make a loan offer, and at the latest when the institution is paying the loan.
§ 10. The Shipping Finance Institute can only grant loans against the registered pawn in the financed ship within 70%. of the value to which the ship required for the security has been set, cf. however, § 11 13.
Paragraph 2. The panther's after paragraph. 1 may be dismissed from the courage of
1) the borrower makes other security of particularly good bonity, cf. ~ 14, or
2) which is carried out by the solvency of the institution, cf. Section 20 (2). 4.
Paragraph 3. In addition, a shipboard financial institution may grant loans against the registered mortgages within 70%. of the value fixed for the use of the security in other ships other than that or the financing.
Paragraph 4. A ship ' s financial institution shall take full measures to ensure that loans in the entire period of the loan comply with the purpose of the institution in accordance with the purpose of the establishment. § 1 (1) (a) One, in the Act of a Shipping Financial Institute.
Paragraph 5. Paragraph 2, no. Paragraph 1 and paragraph 1. 4, shall be deemed to be fulfilled if a central bank is situated in a country with a country classification 2 or better, cf. Annex 3, point. 1, in the notice of capital coverage, the loan shall be depositing the remaining maturity of the loan during the loan period.
§ 11. Borropting over 70%, but within 100%. the value of the financed ship or the value provided for in the case of the security shall be granted only to the granting of the loan, for this part of the loan ;
1) the second security of particularly good bona of borrowers, cf. ~ 14, or
2) is carried out by the institution ' s solvency, cf. Section 20 (2). 4.
Paragraph 2. Paragraph 1 shall apply mutatis muctis to the registration of the pawn in any other ship other than that of 70 pctuls, but within 100%. the value of the pawned ship or the value of the pawned ships shall be used for the purposes of the security.
§ 12. Regardless of section 10 and 11, a shipboard financial institution may grant loans against the registered pawn in the 80%-funded ship. of the maximum financial basis for which the Errecruitment and Construction board approved the maximum funding, without any other guarantee of a particular good boneside or overload, if :
1) The loan has been granted in accordance with the Agreement between the Danish State v / Economic and Commercial Minister and Denmark's Skibcredit fund " dated 13. June 2003 laid down, and
2) the credit rating of the borrower is considered to be particularly good, cf. Section 22 (2). 2.
§ 13. Regardless of section 10-12, a shipboard financial institution may provide the building loans for the financing of new or rebuilding ships that are provided without a ship, for the purposes of the ship ' s ship ;
1) The security of special good bonity shall be provided, cf. § 14,
2) is carried out by the institution ' s solvency, cf. Section 20 (2). 4, or
3) they are ordered in paragraph 1. 2 and 3 certainties listed, resulting in the means referred to in section 21 (3). 5, solvency proceedings.
Paragraph 2. For the loan referred to in paragraph 1, 1, no. 3, such transport and withdrawal rights shall be granted in the building contract after careful examination and prudent assessment of the contract base in each case and shall be transported in the security guarantee for payments under the construction contract, cf. paragraph Three of them in the first act. the certainties listed shall remain in force until such time as the ship is completed, delivered and duly approved, but not later than until the building is obtained.
Paragraph 3. For the loan referred to in paragraph 1, 1, no. 3, for payments under the construction contract ;
1) the security of particularly good bona of borrowers, cf. ~ 14, or
2) the security of an institution ' s premises in a country with a country classification 2 or better, cf. Annex 3, point. 11 (a), in the notice of capital coverage.
§ 14. As security of particularly good bonuses, only the following can be used :
1) Deposits or guarantee from central banks situated in a country with country classification 2 or better, cf. Annex 3, point. 1, in the notice of capital coverage.
2) Guarantee from governments situated in a country with country classification 2 or better, cf. Annex 3, point. 1, in the notice of capital coverage.
3) Guarantee from regional authorities situated in a country with country classification 2 or better, cf. Annex 3, point. 2, in the notice of capital coverage.
4) bonds and debt securities issued by or guaranteed by governments situated in a country with country classification 2 or better, cf. Annex 3, point. 1, in the notice of capital coverage, within 90%. by the officially notated Kurdish value of the value papiet.
5) bonds and debt securities issued by or guaranteed by regional authorities situated in a country with country classification 2 or better, cf. Annex 3, point. 2, in the notice of capital coverage, within 90%. by the officially notated Kurdish value of the value papiet.
6) In particular, covered bonds, in particular covered mortgage bonds, mortgage bonds and other debt securities issued by a credit institution authorised in a country within the European Union or a country with which the Community has concluded an agreement in the financial sphere within 90%. by the officially notated Kurdish value of the value papiet. The securities which have been submitted for other assets may not be used.
7) Cartridge securities, shipboard bonds, or in particular covered securities issued by the ship ' s financial institution or by a credit institution, the mother or subsidiary of the ship ' s financial institution shall be.
8) Guarantees issued by or deposits in a credit institution in a country authorised by a country within the European Union or a country to which the Community has concluded agreement in the financial sphere, after careful examination and careful consideration ; assessment in each case.
9) Similar safety with a similar particularly high liquidity and a similar particularly low counterparty risk. This includes the guarantee issued by or deposits in credit institutions authorised in the United States and which have obtained the best or the second best rating of internationally recognized rating agencies. In particular, the cash debt securities issued by such undertakings shall be included in a regulated market approved by a competent authority within 90% of the regulated market. by the officially notated Kurdish value of the value papiet. Deposits and securities submitted for other assets may not be used.
Paragraph 2. The under paragraph shall be : 1, no. The maximum number of security provided for the Foundation shall be combined with a maximum amount of the same size as 25%. of the base capitalen, cf. § 128, in accordance with the law of financial activities, cf. Section 21 (1). 1.
§ 15. The time limit for the loans granted by the ship ' s financial institution may not exceed 15 years from the date of payment of the loan and for construction loans not more than four years from the date of the first payment. The provision of the duration of the loan shall take due account of the average life expectancy of the ship and the age and dynamometer of the specific ship, etc. ;
Special covered bonds-security, valuation and maturity
§ 16. This chapter shall apply when a shipbuilding institution provides loans to be given to the security of the issuance of special covered bonds. Chapter 3 shall not apply in this situation.
Paragraph 2. A shipbuilding financial institution may finance loans against security in the types of asset calculated in section 152 c (1). 1, no. 2-7, in the law of financial activities, cf. § 2 d, paragraph 1 ONE, ONE. pkt;, in the law of a shipbuilding institute for the issue of special covered bonds. § 152 c (3) 3, in the Act of Finance, shall apply mutatis muctis, cf. § 2 d, paragraph 1 ONE, TWO. pkt;, in the law of a shipbuilding institute.
Paragraph 3. The situation as referred to in paragraph 1. 1 shall consider the valuation of mortgages and loans in ships which are subject to the security of the issue of special covered debt securities, use.
§ 17. Borropting over 70%, but within 100%. the value of the financed ship or the value provided for the security shall be granted only to the borrowing of this part of the loan to ensure security of the assets calculated in section 152 c (1). 1, no. 2-7, in the law of financial operations. For the part of the loan granted in excess of 70 pctates, the institution shall perform the overload of the solvency of the institution, cf. Section 20 (2). However, the fourth point applies to 2. Act. not, provided that the loan has been granted in accordance with the Agreement between the Danish State v / Economic and Commercial Minister and Denmark's Skibcredit fund " dated 13. June 2003 laid down conditions.
Fleet Border
§ 18. Fleet dispatches are available if a borrower provides security for a loan in the form of a registered pawn in more than one ship, or if multiple borrowers provide security for one or more loans, in the form of the registered pawn in more than one ship. The naval panel shall include any other asset types other than the pant of the borrower to provide the loan for security.
Paragraph 2. A navant may be distributed in accounting terms between several capital centres, cf. Section 38, if the following are agreed in the loan agreements :
1) Cross-arson, so that all borrowers shall be liable for all loans covered by the naval pits,
2) Cross-breach, so that all loans covered by the naval panel will fall if one of the loans is defaulted,
3) Crosscant, so that all ships covered by naval pits have been lodged with the security of all loans covered by the naval pits, and
4) The spirit undertakes to ensure that no security for other loans in the field or ships covered by the fleet (negative pledgeClause) are included.
§ 19. In the calculation of the loan limits, cf. ~ 10 (1)) 1 and Section 3 of the valuation of pant and loans in ships intended for the safety of issuance of special covered debt securities, cf. section 16 (4). The Foundation shall, in compliance with section 18 (2), be complied with at the time of the establishment and extension of a loan, guaranteed by the appropriate fleet. 2, no. 1 4, carry out the inventory by aggregating the total value of all ships forming part of the fleet in question with the total value of all the loans for which the fleet has been lodged for security. In the case of the inventory, the account may only be counted as a panel of pantaries which are registered, cf. § 152 c (3) 1, no. Two, in the law of financial activities.
Capital conditions and solvency
20. The base capitale of a ship ' s financial institution shall be at least 8%. of the risk-weighted items (the solvency requirement). The solvency requirement must be met in both the individual capital centre and in the institute, by the way.
Paragraph 2. The Board of Governing Board and Governing Board of the Foundation shall, on the basis of the risk profile of the Foundation, set up the institution ' s individual solvency requirements, shall be expressed as the base capital in the percentage of risk-weighted items. The solvency requirement may not be less than the solvency requirement in paragraph 1. 1.
Paragraph 3. The financial supervision may lay down a higher level of solvency requirements other than those laid down in paragraph 1. 1.
Paragraph 4. In cases where there is an overload of the solvency of the institution, the borrowing of the solvency calculation shall be deducted in the capital capital in the capital centres or in the institute, by the way. Where the balance of the loan is made of uncertainties, in the form of an accreditation value less than the added depreciation it may be added to 1. Act. the deductions are reduced by the difference.
Paragraph 5. The solvency overcover, cf. Section 21 (1). 5, the proportion of the core capital, which exceeds the requirements of the base chapter, cf. paragraph 1 and 3, after deduction, cf. paragraph 4.
§ 21. section 128-143 of the Act of Finance, shall apply mutatis mutable to a ship ' s financial institution.
Paragraph 2. A capital centre can absorb hybrid core capital and responsible pawn capital.
Paragraph 3. A ship ' s financial institution shall draw up the drawing up of capital cover in accordance with paragraph 1. 4-6.
Paragraph 4. Publication of capital cover issued pursuant to section 143 (1). 1, no. 1-5, 7 and 8, section 143, paragraph 1. 3, and Section 373 (3). 4, in the case of a financial undertaking, shall apply mutatis mutis to a shipbuilding institute.
Paragraph 5. Construction loans covered by Section 13 (3). 1, no. 3, as part of the calculation of the capital coverage, cf. paragraph 1, with a weight of 2,0, to the extent that the institution ' s post-financing of the building loan is covered by section 10 (4). 1 and 2, or § 12. The sum of the buildings loans after 1. Act. may not exceed 125%. of the solvency overcover, cf. Section 20 (2). 5.
Paragraph 6. The capital suppression statement, cf. the institution and the group shall be notified to the Financial supervision of the CS schemes within 20 working days after the end of 1. -3. Quarter. The CS Schema is available on the GL system website. The report of the capital coverage statement for the end of the year must be carried out within 30 working days of the end of the year.
Paragraph 7. A shipbuilding institution may waive the Financial supervision of a total or partial exemption to draw up capital coverage in the first paragraph of paragraph 1. 6 specified, taking into account the specific nature of the institution.
Temporary placement, liquidity, and concerting rules etc.
§ 22. The Management Board of a Shipping Foundation shall lay down rules governing the spread of risks to the Foundation.
Paragraph 2. The Management Board shall lay down rules on the assessment of whether the credit rating of borrowers is particularly good, cf. § 12, nr. 2.
-23. Section 146 and section 147 of the financial undertaking shall apply mutatis muctis to the Foundation ' s institution covered by this notice.
Paragraph 2. Section 153 of the financial undertaking applicable to the Foundation shall apply to the Institute subject to this notice. In addition to the assets referred to in section 153 (1), 1, no. 1 4, a shipbuilding institution may place resources to meet the provision in section 153, paragraph 1. 1, in the following assets :
1) Not deposited deposits in credit institutions authorised in a country within the European Union or a country to which the Community has concluded an agreement in the financial sphere.
2) Not deposited deposits in credit institutions authorised in the United States, which have achieved the best or the second best rating of internationally recognised rating agencies.
3) Not requested in particular liquid bonds issued by credit institutions as shown below no. 1 and 2 and are engaged in trade in a regulated market, which has been approved by a competent authority.
Paragraph 3. The under paragraph shall be : 2, no. The assets of the ship ' s financing institute shall be a maximum of 25%, as specified in the Community ' s assets. the funds to be placed in assets as set out in section 153 (1). 1, in the law of financial activities.
§ 24. The borrowing of a shipboard financial institution shall be based on the issuance of debt securities, the lending of the base capital of the Foundation, cf. However, section 23, and the inclusion of loans on capital and capital markets.
§ 25. Chapter 12 of the Act on Corporate Rules, Consolidation and so on shall apply mutatis muctis to the ship ' s financing institute.
Accounting and auditing
SECTION 26. Chapter 13 of the Act on financial activities relating to the annual report, revision and use of the annual surplus shall apply mutatis muted to the ship ' s financial institution.
Capital Centers Accounts
§ 27. The Shipfinancial Institute shall draw up separate accounts for capital centres, cf. section 2 e, in the Act of a Shipping Financial Institute.
Paragraph 2. The budget centers include a result balance and balance sheet and notes.
Paragraph 3. The records of capital centre accounts where the other has not been prescribed shall be drawn up for all the capital records together.
§ 28. In the balance sheet and balance sheet, items to be individualised and taken into account shall be made directly to the individual capital centres and items where the capital centre is assigned a particular share in accordance with. § 29.
§ 29. Where the capital centre is assigned a particular share, a distribution key is used based on the total debt admission (debt admission etc.), cf. however, paragraph 1 3.
Paragraph 2. The total volume of debt is understood to be the mean of the primo and the ultimots concerned with the lending company.
Paragraph 3. Other allocation keys may be used other than the size of the debt after approval of the Financial supervision. If other distribution keys are used, these must be listed in a note.
Score statement
-$30. The resulting balance shall contain the following items :
1) Nettorenterevenues.
2) Net fees and commissions receipts.
3) Nettorente and fee revenues.
4) Courier adjustments and the yield of capital shares.
5) Costs of staff and administration, etc.
6) Loss and depreciation on debtors.
7) Score before tax.
8) Baby.
9) The result of the year.
Paragraph 2. If each capital centre has left capital deposits and / or senior capital directly associated with it, interest shall be made to these individuals and directly to the capital centre.
§ 31. In the post of net income, cf. ~ 30 (5)) 1, no. 1, enter :
1) Served by loans from credit institutions.
2) Rente out of loan.
3) Depreciation of the loan-out.
4) Rite of bonds.
5) Earnings of interest rates.
6) Interest for credit institutions.
7) Rente to issued bonds.
8) The index-writing of the issuer bonds.
9) Other interest rates.
10) Derived financial instruments including interest rates and currency contracts.
11) Nettorenterevenues in all.
Paragraph 2. The sum of the above items shall be allocated to each capital centers, cf. § 29.
Paragraph 3. The individual items, cf. paragraph 1, must be specified in a note.
§ 32. Under course adjustments and the yield of capital shares, cf. ~ 30 (5)) 1, no. 4, enter :
1) Courier regulation of bonds, shares, etc., currency and financial instruments.
2) The exchange of capital shares.
3) Courier adjustments and the yield of capital shares in total.
§ 33. In the post expenses for staff and administration, etc., cf. ~ 30 (5)) 1, no. 5, enter :
1) Costs of staff and administration.
2) Other ordinary earnings.
3) Depreciation of material assets.
4) Expenditure for staff and administration, etc., in total.
Paragraph 2. The sum of the above items shall be allocated to each capital centers, cf. § 29.
Paragraph 3. The individual items, cf. paragraph 1, must be specified in a note.
§ 34. Loss and depreciation on debtors, cf. ~ 30 (5)) 1, no. 6, shall include all losses and depreciation on loan payments in the capital centre. Individual losses and abrasions in individual depreciation shall be placed directly to the capital centre concerned.
Paragraph 2. The depreciation in other depreciation, including group-showing depreciation, is distributed on the individual capital centres.
Paragraph 3. Under the post, darling, see. ~ 30 (5)) 1, no. 8, run a total amount for tax of the income of the year, deferred tax and over-regulation of previous years ' tax. The individual items are specified in a note.
Paragraph 4. The individual capital centres tax is calculated by the current tax rate on the basis of the contribution of the individual capital centers to the overall result of the year for the year ' s overall result of non-taxable amounts.
Balance
$35. The schema of the balance sheet contains :
1) Loans.
2) Depreciation on loan-out.
3) Other assets.
4) Activate everything.
Paragraph 2. Liabilities :
1) Bright bonds.
2) Other passives.
3) Capital.
4) Liabilities in everything.
Assets
§ 36. In the mail, loans shall be furlled against pant ships provided on the basis of the law of a ship ' s financial institution.
Paragraph 2. The one in paragraph 1. 1 the residues of the residues are individualised and taken directly to the individual capital centre.
Paragraph 3. Individual depreciation on loan and the restants on loans must be individualized and taken directly to the capital centre.
Paragraph 4. Group view depreciation on loan is distributed among the individual capital centers.
Paragraph 5. Loans are being used to meet the requirement to provide additional security to the capital centre to which the funds belong.
Paragraph 6. Debts interest on lending must be individualised and taken directly to the individual capital centre.
Paragraph 7. Where the sum of the individualized passives of the capital centre (passivpost 4, cf. § 35, paragraph. 2) exceeds the sum of the individualized assets of the capital centre (asset item 4, cf. § 35, paragraph. 1) the capital centre for residual-residual assets shall be granted non-individualized assets to the extent to which the capital centre's sum of assets and liabilities is identical and shall form part balance of the capital centre.
Liabilities
§ 37. Issued bonds and so on are to be individualised and taken directly to the individual capital centres.
Paragraph 2. The interest of couponing interest shall be individualizable and shall be placed directly to the capital centres concerned.
Paragraph 3. If the capital centre has left capital deposits or senior debt directly linked, individualises and interest shall be made directly to the capital centre in question.
Paragraph 4. Where the sum of the individualized assets of the capital centre (asset item 4, cf. § 35, paragraph. 1) exceeds the sum of the individualized passives of the capital centre (passivpost 4, cf. § 35, paragraph. 2. The capital centre for residual capital shall be given non-individualized passives to such an extent that the capital centre's sum of assets and liabilities is identical and shall form part balance of the capital centre.
Paragraph 5. Deposited capital deposits and senior debt must be individualised and taken directly to the individual capital centres.
Paragraph 6. The equity capital shall be individually individualised and placed directly to the individual capital centres in connection with the calculation of the base capitale.
Fleet Border
§ 38. At the Fleet-Fleet, cf. Section 18, a distribution of the value of the fleet must be divided between the capital centres and the institute. An accounting distribution may be carried out where the distribution is unique.
Paragraph 2. Has a shipbuilding financial institution, a borrower or several borrowers made additional security, cf. Article 2 of the law of a ship ' s financial institution may also carry out an accounting breakdown of the value of such additional securities between capital centres and the institute, by the way, provided that the additional certainties have been made ; the security of all loans covered by the relevant fleet.
§ 39. In accordance with the value of the fleet and the additional security forces, the shipbuilding department shall make the financial institution a distribution of the value of the fleet Section 38, the ship finance institute shall set up an electronic register for each fleet and the additional certainties indicating how the value of the fleet and the additional security units is distributed between each capital centre and the institute in : By the way The term must be constructed so that at any time in the course of 24 hours an overview may be drawn up showing the distribution of the fleet and the value of additional security between each capital centre and the institution.
Paragraph 2. The Executive Board of the Shipping Foundation shall lay down a business operation which, among other things, must establish :
1) How the list is to be corrected,
2) Who has the daily responsibility of the list,
3) Who's to lead the inventory,
4) Who is to check the inventory,
5) How it is to be updated on a daily basis and how it is taken into account in the value of the fleet, so as to ensure that the value of the fleet at all times corresponds to the value of the special covered bonds in the extent of the naval pan, provided for the safety of this ;
6) control procedures, including the ongoing control of the distribution, cf. § 38, paragraph. 1,
7) Congregating measures to control the security of assets, which are ordered to be security for shipping bonds and in particular covered bonds, have been complied with, and
8) A description and explanation of the allocation keys that are applied, cf. § 38, paragraph. 1.
Reporting and publication
§ 40. The approved capital centers shall be reported to the Financial supervision, together with the approved annual report no later than eight days after the approval of the annual report.
Paragraph 2. Interim capital accounts shall be reported to the Financial Regulation at the latest by 15. Feb or next working day then.
Paragraph 3. The financial centre accounts shall be printed in summary in the annual report of the shipboard financial institution. The complete capital centre accounts for the individual capital centres must be able to be requisitioned by way of a call to the financial institution.
Paragraph 4. In relation to the publication of the annual report of the shipboard financial institution, a note shall be recorded in the following paragraph. 5 specified content.
Paragraph 5. The note about the capital centersheet, cf. paragraph 4, including consolidation transfers, which have occurred to or from the individual capital centres included in the financial institution, during the financial period, shall contain information on the transfers of funds (net), including consolidation transfers, which have been taken into account or from each capital centre. It must also be stated that the financial centre accounts of the individual capital centres may be requested by way of a request to the department of the financial institution.
Aggregation, Termination and Crisis Management
§ 41. § 204, paragraph 1. 1, in the Act of Finance, shall apply mutatis mutes to the ship ' s financing institute.
§ 42. Chapter 15, excluding section 223, in the Act of financial activity applicable to termination shall apply by analogous to the ship ' s financing institute.
Paragraph 2. Section 223 of the Act of Finance, shall apply mutatis muted to the ship ' s financial institution if it is not economically justifiable to operate such a business, cf. Section 11 (1). One, in the Act of a Shipping Financial Institute.
§ 43. Chapter 16 of the Act of financial activity on crisis management shall apply by analogous to the ship ' s financing institute.
Penalty provisions
§ 44. Inherit of the provisions of section 3, 2. pkt., section 4, 1. pkt., section 9, section 10, section 10. 1 and 4, sections 14, 15 and 17, section 18 (4). 2, section 19, section 20, section 20. 1, 2 and 4, section 21 (1). 3. FIVE, TWO. pkt., and paragraph. 6, section 22, section 23, paragraph. TWO, TWO. pkt., and paragraph. 3, section 24, section 27, paragraph. 1 and 2, Section 29 (3). THREE, ONE. pkt., section 30 (1). 2 and 3, section 32-34 and section 36-40 penalty penalty shall be penalised unless higher penalty is owed in accordance with the other legislation.
Paragraph 2. A shipbuilding institution may be charged with criminal liability in accordance with the rules of the penal code 5. Chapter.
§ 45. The withdrawal of provisions of the Act of Financial Company Act, which shall apply to the ship ' s financial institution accordingly, shall be penalised by the rules set out in Section 373 (1). 1-3, in the law of financial activities. The compliance with rules laid down in rules issued pursuant to the Act of Finance, which shall apply mutatis mutias to the ship ' s financial institution, shall be punished in accordance with the rules laid down in these rules.
Paragraph 2. § 373, paragraph 5 to 8, and Section 374 of the Act of Finance, shall apply mutatis mutes to the ship ' s financing institute and the persons and bodies listed in the Shipping Finance Institute.
Entry into force
§ 46. The announcement shall enter into force on 1. January, 2009.
Paragraph 2. At the same time, notice No 674 of 21. June 2006 on a shipbuilding institute.
