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Ordinance Amending Ordinance Regarding An Application For An Individual State Guarantee In Accordance With The Law On Financial Stability

Original Language Title: Bekendtgørelse om ændring af bekendtgørelse om ansøgning om individuel statsgaranti efter lov om finansiel stabilitet

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Table of Contents

Appendix 1

Publication of the amendment of the application for individual state guarantee under the law of financial stability

§ 1

Notice no. 231 of 26. In March 2009, on the application for individual state guarantee according to the rule of financial stability, the following changes are made :

1. I Section 2 (2). 1, no. 1 pasted as Act 2. :

' Credits constituting quarterly accounts may instead submit the quarterly accounting report drawn up for the Financial supervision which shall be examined by the approved auditor ' s auditor ' s auditor ' s accounts. ' ;

2. I Section 6 (2). FIVE, TWO. pkt., the ' whole covered deposits shall be amended as : 31. In December 2008 'to :' Total covered debt per year. 31. "December 2008".

3. Appendix 1 in the notice, the notice is replaced by Annex 1 to this notice.

§ 2

The announcement shall enter into force on the 31. August 2009.

The Ministry of Economic and Business, the 171. August 2009Lene Espersen / Lotte Aakyær Jensen

Appendix 1

Revisor declaration

Independent auditor ' s opinion on the future prospects of the credit institution and the establishment of the individual solvency requirement ;

To Financial Stability A/S as part of the Foundation ' s application for Financial Stability A/S ;

on the individual state guarantee of # has the institute, cf. the notice of the application for individual state guarantee in accordance with the law of financial stability, section 2 (2). 1, no. in writing. (b) (b) (b) (b) (b) (b) a statement of the expected economic development of the institution in the form of a budget and projections for a one year period from the time of application and a statement of the institution ' s individual solvency requirements.

After agreement, we have examined the economic outlook on the financial outlook for extensive operational and balancing budgets and projections with the corresponding description of the principal assumptions, explanatory notes, applied accounting practices. and stress tests of the essential prerequisites. The budget and projections shall be drawn up on the basis of the latest audited annual accounts and the most recent reviewerated period of the period. We have also examined the liquidity needs of the Foundation a year than in relation to the time of application and information on risk factors until the end of the guarantee.

The head of the Foundation shall be responsible for the information contained in the statement on the future prospects, including the budget and projections, as well as for the prerequisites that the statement is based on. The Foundation ' s management shall be responsible for the solvency requirements for the solvency requirement, including the essential preconditions for which such inventory is based. Our responsibility is, on the basis of our studies, to express a conclusion on this.

The opinion has been drawn up solely for the use of the Finance Stability A/S ' treatment of the institution ' s application for individual state guarantee and may not be used by other or other purposes unless otherwise agreed with the auditor.

Surveys performed

We have carried out our investigations in accordance with the Danish auditing standard on the investigation into forward-looking financial information. This standard requires us to organize and perform the studies in order to achieve limited ensuring that the conditions used, including in relation to credit risks and market risks, are justified and does not contain any significant error information, and one high to the degree of certainty that the statement in the form of the budget, projections and the solvency needs of the solvency proceedings have been drawn up on the basis of the conditions laid down. In addition, with regard to the lending and guarantees of the Foundation and the securities of securities organised and carried out, we have carried out our investigation in order to achieve this ; high the level of assurance that the solvency needs for solvency is based on the latest audited annual accounts and the most recent re-viewpoint of the period.

Our investigations have included a review of the statement in order to assess whether the preconditions for the management are documented and well-founded. We have also sought to see whether the budget, projections and the solvency need for solvency have been drawn up in accordance with the conditions laid down, just as we have tried the internal covency of the budget and projections, as well as in the case of the solvency requirements of the budget. in the case of the notice of the solvency requirement taken into account in respect of the conditions laid down in the notice of capital coverage § 5, stk.1.

It is our view that the investigations carried out provide a sufficient basis for our conclusion.

Conclusion

In our investigation, we have not been aware of circumstances that give a reasonable basis for the statement of the expected economic development, as well as the solvency requirements. Furthermore, we are not aware of the fact that the conditions under which the management of the management made assumptions are well-founded and well-founded. It is our view that the budget, projections and solvency requirements are based on the conditions laid down and that the solvency requirement has been taken into account in relation to the conditions laid down in the notice ; capital cover Section 5 (5). In addition, it is our view that the solvency needs for the solvency needs of the institutions, as regards the lending and guarantees of the Foundation, are based on the latest revised annual accounts and the latest reviewable period of the period.

We must provide additional information that the actual results and solvency requirements for the institute are likely to deviate from the anticipated, as predicted events rarely enter as expected and that the deviations may be essential.

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