Notice On The Guarantee Fund For Depositors And Investors

Original Language Title: Bekendtgørelse om Garantifonden for indskydere og investorer

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Notice on the guarantee fund for depositors and investors

Pursuant to § 3, paragraph 2, article 4, section 7, paragraph 6, paragraph 7 (a), paragraph 5, section 15 and section 16, paragraph 6, of the law on a guarantee fund for depositors and investors, without prejudice. lovbekendtgørelse nr. 133 of 22. February 2011, as amended by Act No. 273 of 27. March 2012 shall be determined: scope



§ 1. The Ordinance shall apply to: 1) financial institutions, 2) mortgage-credit institutes, 3) stockbroking companies and investment management firms with regard to the part of the companies ' activity that is covered by an authorisation in accordance with the financial business Act § 10, paragraph 2, 4) branches of credit institutions having their registered office in a country outside the European Union with the exception of countries with which the Union has entered into an agreement with, 5) branches of investment firms established in a country outside the European Union with the exception of countries that the Union has entered into an agreement with, 6) branches of credit institutions from countries within the European Union or countries with which the Union has entered into an agreement with, and who has joined the guarantee fund for Depositors and Investors (Fund), see. section 2, paragraph 1, and 7) branches of investment firms from countries within the European Union or countries with which the Union has entered into an agreement with, and who has joined the guarantee fund for Depositors and Investors (Fund), see. section 2, paragraph 1.

(2). articles 18 and 19 shall apply to branches of institutions from countries within the European Union or countries with which the Union has entered into an agreement with, regardless of whether the branch has joined the Fund.

(3). In paragraph 1, no. 1-7 listed companies and branches are hereinafter referred to as departments.

(4). Branches of credit institutions and investment firms with registered office in Denmark located in countries outside the European Union with the exception of countries with which the Union has entered into an agreement with, can elect not to be covered by the Fund, if the branch is covered by a guarantee scheme in the host Member State.

(5). Provisions of this Ordinance relating to settlement and restructuring Department, applies only to those in section 1 (1) (8). 1, specified institutions.

Affiliated branches



§ 2. In § 1, paragraph 1, no. 6 and 7, the said institutions may join the Fund in addition to the guarantee scheme, as the Department is subject in its home Member State, if the Danish scheme as referred to in Chapter 5 of the law on a guarantee fund for depositors and investors have a higher coverage than the scheme in its home Member State.

(2). The supplementary coverage under paragraph 1 shall include the amount by which the coverage provided by the Fund exceeds the coverage, as the home country's guarantee scheme provides.

(3). By the estimation of the additional coverage, the Fund shall follow the guiding principles set out in annex 2 of European Parliament and Council Directive 97/9/EC of 3. March 1997 on investor-compensation schemes.

Contributory



§ 3. In § 1, paragraph 1, no. 1-7, designated institutions have the obligation to pay contributions to the Fund.

(2). The obligation to contribute arises within the scope of article 1, paragraph 1, no. 1-5, referred to departments at the time the Institute is authorised to operate without prejudice. respectively, section 7, paragraph 1, article 8, paragraph 1, section 9, paragraph 1, and article 10, paragraph 2, of the financial business Act.

(3). The obligation to contribute arises within the scope of article 1, paragraph 1, no. 6-7, referred to departments at the time the Fund receives message about connecting to the Fund.

The Banking Department



§ 4. In § 1, paragraph 1, no. 1, 4 and 6, said institutions are covered by the Banking Department or branches where the Fund has been informed of the connection. Institutions ' individual contribution shall be calculated in relation to their net deposits covered. Institutions will be covered by the Department at the time of authorization to operate, without prejudice. section 7, paragraph 1, of the financial business Act. Contributions collected from institutions in the collection, which comes after the date on which the Department has carried out an alert the first time of the covered NET deposits, see. (3).

(2). If a credit institution ceases to have covered the net deposits in the course of the calendar year concerned shall be refunded a proportionate share of the Department's annual contributions still to be paid up. The proportionate share is calculated from the quarter after money the Foundation's withdrawal and forward to the calendar year. Reimbursement of contributions in addition cannot take place, see. section 7, paragraph 3, of the law on a guarantee fund for depositors and investors.

(3). Departments covered by the Banking Department shall, not later than the end of november month report the covered NET deposits a fixed amount per 1. October. Contributions are calculated on the basis of this reporting in december. The contributions shall be due on the 10th. January, see. section 7, paragraph 3, of the law on a guarantee fund for depositors and investors.

Settlement and restructuring Department



§ 5. In § 1, paragraph 1, no. 1, said institutions are also covered by the settlement and restructuring Department. Institutions ' individual warranty shall be calculated in accordance with article 4, paragraph 1, on the basis of the in section 4, paragraph 3, the said notification.

(2). For use for settlement, see. section 7 (a), paragraph 2, of the law on a guarantee fund for depositors and investors represents 3.2 billion Fund. DKK in representation from the covered institutions.

(3). To need restructuring, see. section 7 (a), paragraph 3, of the law on a guarantee fund for depositors and investors, make up the Fund to 1 billion. DKK in cash or representation as to the deposits. Institutions wishing to make a cash deposit, must have recourse to the Fund.

(4). Institutions will be covered by the Department at the time of authorization to operate, without prejudice. section 7, paragraph 1, of the financial business Act. The Fund may use the institutions ' representation as from the date on which the Department has carried out an alert the first time of the covered NET deposits, see. section 4, paragraph 3.

(5). Institutions ' representation will terminate at the time the institution ceases to operate in accordance with the Danish financial business Act. After the ending may not be subject to further representation as an institution, but the Department may be required to redeem the under section 4 (3) computed warranties to the Fund. Merge a Department with a Department or assigns activities to another by the Fund subject to the Department within the same Department, is considered the Foundation certifies not ceased. The continuing or acquiring Department joins in the discontinuing or awarding institution's rights and obligations to the Fund.

(6). Whether an institution ceases to operate in accordance with the financial business Act, see. (5) an institution must continue to fulfill the Institute certifies to the Fund for incidents occurring prior to the termination of the Foundation.

Mortgage Department



§ 6. In § 1, paragraph 1, no. 2, referred to institutions covered by the mortgage Department. Mortgage Division's assets consist of cash deposits and representation as (total contributions) from the debtor. Cash and cash equivalents must be at least 2.5 million. DKK of mortgage Department total contributions and financial results. The liquid products share to fall below 2.5 mio. DKK, the share exchange at the earliest contribution adjustment.

(2). Mortgage Division's net asset value is calculated from the received cash payments at any time and representation as to deduct this year's expenditure to cover payouts and any provisions and, where appropriate, loan, see. Article 6, paragraphs 2 and 5, of the law on a guarantee fund for depositors and investors.

(3). If the mortgage unit's net asset value is less than the minimum requirements of section 7 (a), paragraph 1, of the law on a guarantee fund for depositors and investors, must be at the latest at the next adjustment will be charged contribution in order to meet the minimum requirement.

(4). If the mortgage Department has included loans pursuant to section 6 (2) and 5, of the law on a guarantee fund for depositors and investors, the Department's assets at least equal to the minimum requirement set out in paragraph 7 (a), paragraph 1, of the law on a guarantee fund for depositors and investors, before repayment of the loan begins. Interest loan attributable to loan until repayment can begin.

(5). The distribution of contributions in a fiscal year to Fund the mortgage Department at deposits and representation as determined by the Fund's Board.

(6). When mortgage Division's Fortune with the addition of the accounting result and after the deduction of any provisions are positive, carried out for the Department per the 1. January a regulation of institutions ' overall contribution to the Fund, so that each institution's total contribution corresponds to the Department's share of the contribution statement. Regulation in the form of a refund or release can take place only after payment has been made or given endorse this year's total contribution. This year's repayments or releases may not exceed the year deposits or representation as to the votes.

Contributions and statement of mortgage Department
§ 7. An institution covered by the mortgage Department pays the first time contribution to the Fund by creditor adjustment this year, according to the institution's contributions have occurred. If a Department is not set in recently became contribution at a time when an institution in the same Department embarks on reconstruction or goes bankrupt, it can, however, be subject to a supplementary contribution of Department nyindtrådte. The additional contribution to cover the Department's share of the Department's funded expenditure on reconstruction or bankruptcy question, which will be held until the next maintenance regulation. Lead the collection of additional contributions to the other debtor institutions credited a share of the additional contribution, covered institutions whose contributions have been stopped, not of this credit is given.

(2). If an institution's contribution obligation ceases before the Foundation is put in contributions, and that before the debtor service termination has occurred a bankruptcy or reconstructive treatment in the Department, the Fund may charge a contribution of the Department to cover the Department's share of the Fund's funded expenses in connection with bankruptcy or reconstructive treatment. The Department is required to notify the Fund the necessary information about the Foundation's activities for the use of the Fund's calculation of the contribution. The amount of the contribution shall be determined by the Fund.

(3). An institution that ceases to conduct business at a time when the Fund has a requirement for the good of the Institute as a result of the fact that the Fund has participated in the liquidation of the Foundation, can only get released, while any representation as to the cash contributions received by the Fund, when the Department leaving the Fund.

§ 8. The individual contributions are calculated on the basis of the institutions ' covered the cash and covered securities (covered assets).

(2). In the mortgage Department, on the basis of cash contributions must represent one per cent of the covered cash. The remaining contributions are allocated on the basis of the number of securities depots. Contributions for covered cash is calculated, see. However, sections 10 and 12-14 of the law on a guarantee fund for depositors and investors, on the basis of the accounting records for the amounts owed to credit institutions as well as other prepayments and other receivables in connection with securities trading, see. § 1 of the law on securities trading, etc., for it covered persons.

(3). In the mortgage Department happens distribution between institutions of contributions for covered securities on the basis of the number of deposits (securities accounts in central securities depositories), for which each Department is custodian.

(4). Mortgage credit institutions underwrote the cash funds is calculated on the basis of the average of two statements made in March and september respectively. Statement relating to the securities is done once a year at the year-end.

Contributory service termination in the mortgage Department



§ 9. The obligation to contribute to institutions covered by the mortgage Department ceases at the moment when the institution ceases to operate in accordance with the Danish financial business Act. After the termination of the contributory may an institution not subject to further contributions to the Fund, but the Department may be required to meet the Department's reliability. Merge a Department with a Department or assigns activities to another by the Fund subject to the Department within the same Department, is considered the Foundation's contributions have not ceased. The continuing or acquiring Department joins in the discontinuing or awarding institution's rights and obligations to the Fund. Merge a Department with an institution covered by another of the Fund's departments, it is considered discontinuing the Institute's contributions have been of ceased. The same applies to an institution that is converted to an institution covered by another of the Fund's departments.

(2). When a mortgage institution's contribution obligation has ceased happening repayment or release to the institution concerned in accordance with the rules set out in section 6 (6). Until the repayment or release has taken place, the Fund may use the Department's contribution to the coverage of the Fund's liabilities. If an institution's contribution obligation ceases to be 1. may or later, the Fund's repayment or release latest happen per 1. July the following year. A Department can get released its warranty ended, against the Fund receives a guarantee of at least the same size from a credit institution or insurance company. The Fund's Board can demand that a cessation of institution certifies to be replaced by a guarantee by a credit institution or insurance company.

(3). If the Department's net worth in connection with distribution from a bankruptcy estate, where the Fund has joined in the investor's requirements in excess of the requirement set out in paragraph 7 (a), paragraph 1, of the law on a guarantee fund for depositors and investors, funds, with the Danish FSA approval, be returned to the institutes, which have provided the funds are used for coverage in the bankruptcy estate. The Board of Directors may decide that the funds must be returned to departments, which at the time of distribution has ceased to be contributory to the Division shall remain in the Fund as part of the Fund's assets, when such funds are of modest size.

(4). Before adjustment pursuant to section 6, paragraph 6, the Fund's Board may set aside a sum from the Department's assets, as deemed necessary to cover the Department's obligations in connection with already occurred events that Fund shall cover, as well as borrowings, see. Article 6, paragraphs 2 and 5, of the law on a guarantee fund for depositors and investors.

(5). To implement expenditure to cover the mortgage Division's obligations is done first with the Department's financial results, then transferred with the cash contributions paid and subsequently by deposit of the votes and representation of borrowings.

Stockbroking company Department



§ 10. In § 1, paragraph 1, no. 3, referred to institutions covered by the stockbroking company departments or branches where the Fund has been informed of the connection. Stockbroking company Department's capital consists of cash deposits and representation as (total contributions) from the debtor institutions. Cash and cash equivalents must be at least 2.5 million. us $ of the Department's overall contribution and financial results. The liquid products share to fall below 2.5 mio. DKK, the share exchange at the earliest contribution adjustment.

(2). Stockbroking company Division's net asset value is calculated from the received cash payments at any time and representation as to deduct this year's expenditure to cover payouts and any provisions and, where appropriate, loan, see. Article 6, paragraphs 2 and 5, of the law on a guarantee fund for depositors and investors.

(3). If the stockbroking company Division's net worth is less than the minimum requirements of section 7 (a), paragraph 1, of the law on a guarantee fund for depositors and investors, must be at the latest at the next adjustment will be charged contribution in order to meet the minimum requirement.

(4). If the stockbroking company's Department has recorded loans pursuant to section 6 (2) and 5, of the law on a guarantee fund for depositors and investors, the Department's assets at least equal to the minimum requirement set out in paragraph 7 (a), paragraph 1, of the law on a guarantee fund for depositors and investors, before repayment of the loan begins. Interest loan attributable to loan until repayment can begin.

(5). The distribution of contributions in a fiscal year of the Fund's stockbroking company Department on deposits and representation as determined by the Fund's Board.

(6). When the stockbroking company's Department's property with the addition of the accounting result and after deduction of any provision is positive, carried out for the Department per the 1. January a regulation of institutions ' overall contribution to the Fund, so that each institution's total contribution corresponds to the Department's share of the contribution statement. Regulation in the form of a refund or release can take place only after payment has been made or given endorse this year's total contribution. This year's repayments or releases may not exceed the year deposits or representation as to the votes.

Contribution and expenditure account for the stockbroking company Department



§ 11. An institution covered by the stockbroking company Department pays the first time contribution to the Fund by creditor adjustment this year, according to the institution's contributions have occurred. If a Department is not set in recently became contribution at a time when an institution in the same Department embarks on reconstruction or goes bankrupt, it can, however, be subject to a supplementary contribution of Department nyindtrådte. The additional contribution to cover the Department's share of the Department's funded expenditure on reconstruction or bankruptcy question, which will be held until the next maintenance regulation. Lead the collection of additional contributions to the other debtor institutions credited a share of the additional contribution, covered institutions whose contributions have ceased not of this credit is given.

(2). If an institution's contribution obligation ceases before the Foundation is put in contributions, and that before the debtor service termination has occurred a bankruptcy or reconstructive treatment in the Department, the Fund may charge a contribution of the Department to cover the Department's share of the Fund's funded expenses in connection with bankruptcy or reconstructive treatment. The Department is required to notify the Fund the necessary information about the Foundation's activities for the use of the Fund's calculation of the contribution. The amount of the contribution shall be determined by the Fund.
(3). An institution that ceases to conduct business at a time when the Fund has a requirement for the good of the Institute as a result of the fact that the Fund has participated in the liquidation of the Foundation, can only get released, while any representation as to the cash contributions received by the Fund, when the Department leaving the Fund.

§ 12. The individual contributions are calculated on the basis of the institutions ' covered the cash and covered securities (covered assets).

(2). In the stockbroking company Division contribution, on the basis of cash must represent at least one per cent of the covered cash. These contributions are assessed, see. However, sections 10 and 12-14 of the law on a guarantee fund for depositors and investors for stockbroking companies on the basis of the accounting records for the amounts owed to credit institutions, clients ' margin deposits, deposits and advance payments on purchase orders, Payables to customers from genuine sale and repurchase transactions as well as other prepayments and other receivables in connection with securities trading, see. § 1 of the law on securities trading, etc., for it covered persons. For investment management companies are stated these contributions on the basis of the corresponding entries in respect of the part of their activity which is covered by an authorisation in accordance with article 10, paragraph 2, of the financial business Act. Contributions relating to cash, together with contributions concerning securities apply at least 55 per cent of the Department's total contribution. The remainder of the contributions can be distributed for one or more of the following criteria: balance, levels of leverage (a goal that is based on the relationship between balance and equity) and number of employees, as it is for investment management companies only concerns the part of their activity which is covered by an authorisation in accordance with article 10, paragraph 2, of the financial business Act.

(3). For the stockbroking company concerned be divided securities Division in two groups: those who are in custody in the company, and those who are in custody elsewhere, but as the company has the customer's consent to dispose of the investment management companies, whilst he or she alone included the securities stems from companies ' activity that is covered by an authorisation in accordance with article 10, paragraph 2, of the financial business Act. The Fund's Board of Directors may set different contribution rates for the two groups of covered securities. The securities must be calculated at market value.

(4). Stockbroking and investment management companies covered the cash and covered securities is calculated as the average of twelve statements made at the end of each month, while the inventory of the other contributory components made at the year-end, taking into account in the calculation of investment management companies ' part sole included covered the cash and the covered securities derived from companies ' activity that is covered by an authorisation in accordance with article 10, paragraph 2, of the financial business Act.

Contributory service termination in stockbroking company Department



§ 13. The obligation to contribute to institutions covered by the stockbroking company Department ceases at the moment when the institution ceases to operate in accordance with the Danish financial business Act. After the termination of the contributory may an institution not subject to further contributions to the Fund, but the Department may be required to meet the Department's reliability. Merge a Department with a Department or assigns activities to another by the Fund subject to the Department within the same Department, is considered the Foundation's contributions have not ceased. The continuing or acquiring Department joins in the discontinuing or awarding institution's rights and obligations to the Fund. Merge a Department with an institution covered by another of the Fund's departments, it is considered discontinuing the Institute's contributions have been of ceased. The same applies to an institution that is converted to an institution covered by another of the Fund's departments.

Deposit, etc.



§ 14. In § 1, paragraph 1, no. 2-7, said institutions ' total contribution to the Fund is calculated each year per 1. January on the basis of the institutions ' statements to the Fund as well as any loans contracted by the Department, the Department is liable to the creditor.

(2). The Fund shall set a time limit for the payment of contributions, but not later than 1. July.

(3). After demand from the Fund, an institution within 8 days from the order meet asked representation.

(4). The Board of directors within a fiscal year can decide on additional payment of contributions for contributory institutions, if the business unit to which they belong, do not meet section 7 a, paragraph 1, of the law on a guarantee fund for depositors and investors.

§ 15. The Fund's Board could allow minor deviations from the assessment methods and the detailed rules laid down by the Board of Directors.

Reports and calculations



§ 16. In § 1, paragraph 1, no. 2, 3, 5 and 7, the said institutions shall after the end of each year, report the information to the Fund, which is necessary for the Fund's establishment of institutions ' total contribution to the Fund. Reporting should be done by the end of april.

(2). In § 1, paragraph 1, no. 1-5, said institutions are required to be able to calculate the individual contributor and investors covered assets.

(3). In § 1, paragraph 1, no. 6 and 7, the said institutions are required to be able to calculate the individual contributor and investors covered assets after deduction of the amount that the institution's home country's guarantee scheme covers, see. section 2, paragraph 2.

(4). For institutions subject to § 1 (1) (8). 6 and 7, the selected auditors ensure that paragraph 3 are complied with and declare to the Fund accordingly.

Loans by reconstruction and insolvency, etc.



§ 17. Loan under section 6, paragraph 2, of the law on a guarantee fund for depositors and investors, remunerated at a CIBOR-rate (3 month).

(2). When a Department can begin the repayment of a loan recorded in another Department, the Board of Directors shall take decision on the amount of the annual allowance.

(3). If a Department has multiple loans, repaid the oldest loans first.

(4). The service is distributed to the lending departments after the proportional share, as departments have granted loans in.

Information



§ 18. Institutions and in article 1, paragraph 2, referred to in the dispatch premises to which branches depositors and investors usually have access, in a conspicuous place at the signage clearly inform, where depositors and investors can obtain written information about the deposit and investor guarantee schemes by the Foundation, or the in clause 1 (2) of the said branch, is connected.

(2). In the case referred to in paragraph 1, the institutes and branches receive deposits or performing investment business for customers via the Internet, the corresponding information is provided on the Department's website.

§ 19. The information referred to in section 18 shall at least include information on: 1) which deposit protection and investor compensation schemes the covered assets are covered by, 2) extent, 3) calculation of the covered amount, 4) special deposit forms, which are guaranteed full coverage, 5) deposits and cash, which is not covered by the scheme, 6) transferable securities which are not covered by the scheme, as well as 7) how a depositor or investor must relate If you want to be paid from the Fund.

(2). If an institution as referred to in section 2, paragraph 1, have joined the Fund in addition to the coverage provided by the institution's home country's guarantee scheme, must be disclosed. Similarly, if the coverage of the deposit referred to in § 1, paragraph 2, referred to branches correspond to the coverage provided by the Fund, but is lower than the coverage provided in the country of origin.

(3). If an institution as referred to in § 1, paragraph 1, no. 6 and 7 which have joined the Fund, without prejudice. section 2, paragraph 1, shall notify the Fund that the branch wants to opt out of the additional coverage, each depositor and investor have written thereon, as well as information about the impact of the institution's opt-out feature for the depositor and investor.

(4). In paragraphs 1-3 shall, as a minimum, information should be written in Danish, in an easily understandable language.

(5). It referred to in paragraphs 1 and 2 information shall not be used for advertising purposes.

§ 20. Branches of the in clause 1 (1) (8). 1-3, the said institutions in a country within the European Union or in countries which have entered into an agreement with the Union in the financial field, to give depositors and investors in the host country information in accordance with the rules laid down in the host country.

Communication and notification



§ 21. Communication on an institution's settlement in accordance with the law on financial stability is done according to the rules laid down in the law on financial stability.

§ 22. Communication on an institution's reconstruction or bankruptcy should the Fund immediately after the reconstruction process or bankruptcy has come to Fund literacy, indented in one or more daily newspapers, appearing on the Department's home as well as in a nationwide newspaper and Gazette.

(2). Corresponding notification must take place at the places where institutions as referred to in § 1, paragraph 1, no. 1-5, has branches. The notification must be in the official language or languages of the country in which the branch is established.

§ 23. The notification shall contain information about: 1) the institution's name and the address of its registered office, 2) that there has been reconstruction or bankruptcy, 3) date for the reconstruction process initiation or the date of bankruptcy of the Decree has been given where such an institution be declared bankruptcy without first having been in reconstructive treatment, 4) to depositors and investors are informed directly from the institution or Fund not later than 5 business days after the date, as mentioned,
5) where depositors and investors can turn, if the message is not received as referred to in paragraph 6; 4, 6) that notification of claims must be submitted to an institution, and 7) time limit for review as well as the effect of the late notification.

§ 24. The Fund should be able to as soon as possible and not later than 5 business days after the reconstruction process initiation or the date of bankruptcy of the Decree has been given to send a summary to the individual depositor and investor of the entity's total between being with Foundation Inc. interest calculated up to and including it in § 23, nr. 3, prescribed date. The statement must be accompanied by a guide for review. The Danish financial supervisory authority may, at the request of the Fund extend the in 1. item specified period with up to 10 business days.

(2). Overviews of investors ' securities in the depot being sent to the relevant investors, if the of the Reconstructor or curator is definitely that the securities cannot be extradited. Inventories of securities, which cannot be disclosed, must be broadcast no later than 6 months after reconstructive treatment or bankruptcy.

(3). To use for the preparation of the summary referred to in paragraph 1, the Foundation shall, within 24 hours from the time they are taken during reconstructive treatment, respectively, by a bankruptcy filing, a statement of depositors ' assets as well as other necessary information covered into the Fund in electronic form.

§ 25. The list referred to in article 24, paragraph 1, shall include at least: 1) depositor's and investor's name and address, 2) social security number or CVR nr. or other similar documentation if the person does not have a social security number or VAT REGISTRATION No., 3) an assessment date, 4) an overview of the depositor's or investor's deposits and loan accounts and other cash and securities with a statement of account number and account type as well as depot number, as well as 5) an overview of the funds, which will be covered fully under section 9 (2) and (3) of the law on a guarantee fund for depositors and investors or that the Fund has decided to cover fully.

section 26. In article 24, paragraph 1, the said overview is the basis for the review of claims against the Fund.

(2). Additional requirements or obligations to be supplied by the depositor or investor on the overview and documented as appropriate.

(3). At the signature on the statement confirms the depositor or investor, the accuracy of the information listed under criminal liability pursuant to section 23 of the law on a guarantee fund for depositors and investors.

§ 27. Notification of claims against the Fund must be submitted to a Danish institution, after verification of the identity of the investor and depositor's surrender by the notification to the Fund for final review.

(2). The Fund's Board of Directors may, in exceptional cases, allow deviations from the rules for notification of claims against the Fund and payment from the Fund.

section 28. Notification of claims against the Fund must be submitted to the Department not later than 4 months after the in section 23, no. 3, prescribed date.

(2). If the review referred to in paragraph 1 is not made within 2 months, the Fund again to eject the in section 24 (1) overview for depositors and investors with assets over 100 covered kr.

(3). Notification of the operation later than 4 months after the in section 23, no. 3, the prescribed date, the claim will lapse to the Fund, unless the depositor or investor can prove that he or she will not have had the opportunity in good time to assert his claim to payment of the guarantee amount. The Fund may, where special circumstances exist, exempt from the deadline, however, assuming that the Fund can make notification in the estate.

section 29. Fund depositors ' and investors ' reviews the claim as soon as possible after receipt of the notification, and shall transfer the amount of the guarantee to the notifying Institute.

(2). Payment of claims against the Fund arising from any institution which has joined the Fund as a supplement of the basic regulation. § 2, requires that the Fund has received a certificate from the competent authorities of the home Member State which States that the covered assets are unavailable.

section 30. When an institution covered by article 1, paragraph 1, no. 6 and 7, have joined the Fund, without prejudice. section 2, paragraph 1, the Fund shall conclude agreements with the home Member State guarantee scheme on the procedures for the payment of compensation. There may be minor deviations from the agreed rules on the communication and notification, see. § § 22-29, if the deviations are necessary in order to ensure that depositors and investors will get a quick and proper compensation.

Withdrawal and termination of activity of the contributory



section 31. In § 1, paragraph 1, no. 6 and 7, the said institutions leaving the Fund one month after cessation of an institution's corporate exercise in Denmark, respectively, a month after the Department has given the Fund notice of that institution's agreement for connection to the Fund wanted brought to an end. The obligation to contribute shall come to an end at this point.

(2). The southern institution paid contributions repaid or released, in accordance with the provisions thereof.

Resolution



section 32. If the Fund is dissolved, acting Minister of business and growth with Finance Minister's approval decision on the use of the Fund's assets.

(2). The decision referred to in paragraph 1 shall be taken after consultation of the institutions.

Date of entry into force of



section 33. The notice shall enter into force on the 28th. June 2012.

(2). Executive Order No. 889 of 10. August 2011 on the guarantee fund for depositors and investors are hereby repealed.

The Danish financial supervisory authority, the 27. June 2012 Ulrik Karen Dortea abelskov Nødgaard/