Chapter 1	Scope of application
Chapter 2	The external audit
Chapter 3	Internal Audit
Chapter 4	Audit predictions
Chapter 5	Common provisions
Chapter 6	Special provisions applicable to financial institutions
Chapter 7	Special provisions applicable to mortgage credit institutions
Chapter 8	Special provisions for insurance undertakings
Chapter 9	Special provisions for brokerage brokerage and investment management companies
Chapter 10	Special provisions for UCITS and FUFS and FUFS and hedge funds
Chapter 11	Special provisions applicable to securities traders
Chapter 12	Penalty and entry into force
Appendix 1	Conclusions and information in the audit protocol latet concerning the annual report
Appendix 2	Description of auditor's work actions
Appendix 3	Summary of notes in the audit protocol laughter concerning the annual accounts
Appendix 4	Internal audit tasks and behavior

Publication of the implementation of the audit in financial undertakings, etc., and financial groups 1)

In accordance with section 199 (4), 11, and Section 373 (3). 4, in the law of financial activities, cf. Law Order no. 948 of 2. July, 2013, section 79, paragraph. 10, and section 221 (1). 3, in the Law on Investment Associations, etc., in accordance with : Law Order no. 333 of 20. March 2013 and paragraph 5 (5). 2, and section 14 (4). 2, in the Law of a Shipping Financial Institute, cf. Law Order no. 886 of 8. August 2011 :

Chapter 1

Scope of application

§ 1. This notice shall apply to financial undertakings, cf. Section 5 (5). 1, no. Paragraph 1, in the law on financial activities, and investment associations, specialised associations, team associations and hedge funds, cf. Section 4 (4). Paragraph 1, section 6, paragraph 6. Paragraph 7, paragraph 7. 1 and § 161 of the law on investment associations, etc., as well as Danmarks Shibrepdit A/S.

Paragraph 2. The notice shall also apply to groups as a whole as well as in the case of the groups as a whole. Section 5 (5). 1, no. 9, in the business of financial activities, as at individual companies in groups, where the parent company is a financial undertaking or a financial holding company, cf. Section 5 (5). 1, no. Ten, in the law of financial activities.

General conditions

§ 2. Conclusions and information following this notice shall be either unreserveed without prejudice or without prejudice or without prejudice to any reservations or oncings of cancer. If the auditor is unable to express a conclusion on the subject, this must be stated.

Paragraph 2. Accountant must, by means of conclusions and information following this notice, be subject to the information provided for the work carried out, with significant errors or deficiencies, or whose auditor is not capable of, to obtain sufficient and appropriate evidence to conclude that the subject is without any significant errors. The reservations of the auditor must be clearly stated in the conclusion of the use of the word 'reservations', and the reservation must be clearly described and justified.

Paragraph 3. The auditor shall, by means of conclusions and information following this notice, provide additional information on any circumstances that may be made by the auditor without prejudice. Supplementary information shall not replace any reservations. For additional information, the designation ' supplementary information ` shall be used.

Paragraph 4. Conclusions and information from this notice shall, where they are made without reservation, are rendered verbatim, cf. Annex 1.

§ 3. The scope and nature of the work actions to be carried out in order to provide the individual conclusions and information following this notice shall be determined by the auditor, having regard to the proper auditor practice. In Annex 2, a description of the actions and so on, which is expected to be part of the auditor, shall be indicated in order to allow the auditor to submit the conclusions and information in this notice.

Chapter 2

The external audit

§ 4. The external audit shall review the annual accounts and the group ' s accounts in accordance with good auditor practices and check whether these have been settled in accordance with the requirements of the legislation and of any other provisions of other provisions to the clearance of accounts.

The external audit protocol

§ 5. For the management board in Denmark, the external audit shall carry out an audit protocol. The Minutes shall be set out for the audit carried out during the year, which may form the basis for auditing part findings. The protocol must be presented at any board meeting and any protocol entry shall be signed by the overall management board and the audit record.

Paragraph 2. In the Protocol on the annual accounts, account shall be made of the nature and extent of the audit works and the conclusion of this. In addition, the division between internal audits and external audits must be retalked.

Paragraph 3. In the Protocol on the annual accounts for parent undertakings, the essential observations of the accounting and auditing conditions in each of the subsidiary undertakings shall be referred to.

Paragraph 4. A copy of the Protocol on the annual accounts shall be submitted to the SEC at the same time, at the same time as a copy of the annual report approved by the Management Board and approved group accounts. Similarly, a copy of the Protocol on the annual accounts for non-financial subsidiary undertakings shall be submitted in Denmark. The Minutes of the Protocol which are submitted for the Financial supervision shall be drawn up in Danish or English.

§ 6. The decisions of sections 7 to 14 and section 33 to 47 may appear on a separate protocol of the Protocol (hereinafter referred to as ' Protocols with the special reporting requirements of the Financial Authority to the review of the annual accounts `). Where applicable, the provisions of this notice shall apply to the protocol on the annual accounts corresponding to the corresponding use of this Protocol. The distinct protocol to be signed by the same external auditors and the audit manager shall be signed, and shall be submitted to each of them. the same date as the protocol latet that is submitted pursuant to section 5.

Summaries

§ 7. In a separate section of the Protocol on the annual accounts, the external audits shall sum up all the observations made by the audit to submit to the Administrative Board. The summary shall contain a status of the remarks made in respect of the financial year in question and the status of the comments that were made as an inauspices in the Protocol on the preceding annual accounts, cf. Annex 3. If the audit has not given rise to any comments, this must be reported.

Paragraph 2. In a separate section of the Protocol on the annual accounts, the external audit shall render an overview of all the pits submitted in the financial year in respect of the financial supervision of the Financial Regulation in the financial year in respect of the financial supervision of the Financial Regulation, previous financial year, but which have not yet been complied with at the time of the closing date and in the case of an injunction in respect of the financial year. If no discharge has been made during the financial year and all the injuns have been fulfilled at the end of the preceding financial year, this must also be stated. The external audit shall review the summary of the undertaking and inform them of comments thereon, including the auditor's position on the post-survival survival.

Paragraph 3. In a separate section of the Protocol on the annual accounts, the external audit shall render an overview of all the indications and risk information supplied by the Financial supervision during the financial year. The external auditor shall examine the information provided by the company and inform them of any comments made therein.

General Conclusions and Information

§ 8. In establishments which have internal audits, it shall be concluded in the audit protocol on the annual accounts, if :

1) the agreed upon tasks of the audit Agreement and whether the internal audit functions are functioning satisfactorily, including the extent to which the external audit has become familiar, with individual or combined forces, that the internal audit is carried out ; operates independently of the day-to-day administration, and

2) the external audit agrees with the contents of all internal audit protocol transfers relating to the financial year and, where this is not the case, in which the agreement is made.

§ 9. The external audit shall indicate in a separate paragraph in the Protocol on the annual accounts, provide for the completion of any assistance or advisory duties.

Paragraph 2. The external audit shall, in addition to the information on any assistance or advisory duties, as a minimum in the Protocol on the annual accounts, shall state that the ban on self-audit in section 24 (2) shall be recorded. FOUR, ONE. pkt;, in the law of authorised auditors and auditors, have been complied with, including that the auditor may not carry out tasks in accordance with section 1 (1). 2 which concern a business covered by Article 21 (1). 3, if there is a question of self-audit or self-interest. If no assistance or advisory duties have been carried out, this information shall be provided.

§ 10. The external audit shall indicate, in a separate section of the Protocol on the annual accounts, do not correct corrective errors. This information must be provided per error, specifying the amount and impact of the accounting items. In addition, the overall impact of not corrective errors on the result, assets, liabilities and equity capital shall be reported. Non-corrective errors, which are clearly negligible, whether individually or aggregated and evaluated on the basis of any criterion of the size, nature or circumstance, may be omitted from the point of view of the limit used. If all errors have been corrected or no errors have been found during the audit, this must be reported.

§ 11. The external audit shall be concluded in the Minutes of the accounts on the annual accounts to the conclusion that the establishment ' s administrative and accounting practices in major areas, including business procedures and internal control procedures, are organised and works in a reassuring manner. In this connection, the external auditor shall also conclude that :

1) the overall system, data and reliability of the establishment and the functioning of the establishment ; and

2) the external audit has been known to be in breach of the requirements of the financial undertakings legislation and associations, including section 71, in the law of financial activities and the issuance of the Executive Order and the Commission, management of the Foundation and section 35 of the law on investment associations, etc., and it shall be issued by issuing the Executive Order on Management and Management.

§ 12. The external audits shall indicate in the Minutes of the annual accounts the following concerning the speculative provisions ;

1) on the guidelines of the financial undertaking in accordance with section 77 (3). 4, in the Act of Finance or the Association's Guidelines, in accordance with section 41 (1). 4, in the Act of Investment Associations, etc. are considered to be reassuring and have functioned appropriately, cf. § 77, paragraph. 5, in the Act of Financial Enterprise and Section 41 (1). 5, in the law on investment associations, and so on, and

2) on the review in accordance with section 77 (2). 5, in the Act of Financial Enterprise and Section 41 (1). The Fifth Amendment No 5, on the basis of the law on investment associations, has given rise to comments.

§ 13. The external audits shall be recorded in the Minutes of the financial statements relating to the group ' s internal transactions and engagements :

1) Conclusion on the establishment of business practices in respect of compliance with the provision in Article 182 of the Act of Financial Regulation.

2) Information about whether significant errors or deficiencies have been identified in connection with the review of the operations between the company and companies covered by section 2 in the announcement of the corporate transactions, cf. § 14, no. 2, and provide a more detailed description of the transactions which are of major importance or exceptional nature.

§ 14. The external audits shall be concluded in the minutes of the accounts on the accounts of the following matters concerning exposures to a nearby party :

1) Whether or not they granted exposures to and received security stills by members of board members or directors and undertakings in which they are directly or indirectly holders of a qualified share, managers or governing board members shall be granted under the usual business conditions and market-based conditions, cf. Section 78 (1). Two, in the law of financial activities.

2) Whether the financial company is committed to business enterprises, where employees of the Management Board or other members of the financial undertaking participate in the management or operation of these, cf. § 80, paragraph. One, two, and eight, two. pkt;, in the law of financial activities.

Other provisions

§ 15. Section 9 (1). 2, section 11, no. 2, section 12 and section 14 shall not apply to audit protocols for subsidiaries who are not financial undertakings, cf. Section 1 (1). 1.

§ 16. If the establishment has an internal audit that meets the provisions of Chapter 3, the external audit agreement may be made by the audit person, that the statements as referred to in sections 33 and 34, section 36, section 38, no. Paragraph 40-42 and section 47 only appear in the internal audit protocol. The Agreement on this must be included in the revision agreement, cf. § 24.

Chapter 3

Internal Audit

§ 17. The Management Board may decide that an internal audit is to be created, cf. however, paragraph 1 3. Provided that an internal audit has not been created, the Administrative Board shall discuss at least once a year to discuss the need to establish an internal audit, taking into account the complexity of the company, including the outsourcing and insourcer business. activities. The decision of the Management Board shall be included in the board of the board's negotiating protocol.

Paragraph 2. If a board of directors in accordance with paragraph 1. 1 determines the establishment of an internal audit, the provisions relating to the internal audit shall apply.

Paragraph 3. In companies that have had 125 or more full-time employees in the last two financial years on average, an internal audit shall be set up.

Paragraph 4. For concerts, paragraph is found. 1 and 3 similar uses.

Paragraph 5. The provisions of paragraph 1. 3 and 4 shall not apply to investment associations, special associations, team associations, hedge funds and Denmark's Skibwritten A/S.

§ 18. The internal audit is led by an audit manager. Employment and dismissal of the audit certificate may be carried out by the Board of Directors. Employment and dismissal of the audit report may be carried out for the group as a whole.

Paragraph 2. The audit director shall have a theoretical training corresponding to what is required to become a state sautorised or registered auditor.

Paragraph 3. The audit director must, at the time of the employment, have participated in practical audits for at least three years in the last five years.

Paragraph 4. The Financial supervision may, in particular cases, dispose of the requirements referred to in paragraph 1. Two and three.

§ 19. The Management Board may appoint one or more vicerevider schefes.

Paragraph 2. The Management Board may appoint a deputy director as deputy for the audit commander.

Paragraph 3. The provisions of section 18 (1). 1-4, section 20, paragraph 20. 1-3, and section 21 concerning the audit report shall apply mutatis muted to vicerevic effters, including delegates.

20. When an audit manager is acceding, this must be reported to the Financial supervision within 1 month after accession.

Paragraph 2. The Management Board shall be required to report to the Finance-SEC report on the recruitment of the audit manager, cf. paragraph 1, make a declaration that the DAS complies with the requirements of section 18 (2). Two and three.

Paragraph 3. When a statement of assurance is taken from the DAS, the Management Board and the audit report shall send each statement to the Financial supervision of the background to the Financial supervision of the background.

Paragraph 4. In the case of the one in paragraph 1. The Board of Directors required the Board of Directors to inform the Board of the Review of the annual accounts in accordance with section 29.

Paragraph 5. The Management Board shall, by modification of the decision on whether the audit director shall report the annual accounts, shall inform the Finance-monitoring thereof.

Paragraph 6. The Management Board shall, by its decision to shut down the internal audit, provide the Financial supervision thereof.

§ 21. The audit manager shall have access to all information necessary for the implementation of the audit, including the Management Protocol.

Paragraph 2. The audit manager and employees in the internal audit shall not participate in any other work at the company or group other than auditing, cf. Annex 4.

Paragraph 3. The internal audit may not be carried out in the case of circumstances suitable for raising doubts in an informed third party of the independence of the internal auditing.

§ 22. Auditions and vicerevisionviewer must, cf. § 77, paragraph. Ten, in the law of financial activities, do not have financial interests in the enterprise or group of which they are employed.

-23. In companies that have an internal audit, a function description approved by the management board shall be available. The function description can be drawn up for the group as a whole and is attracted by the management boards of the individual group companies. The function description must at least contain provisions for :

1) the general powers, responsibilities and functions of the internal audit ;

2) Qualifications of employees,

3) the manner in which the audit report and the staff of the internal audit are assured continuous continuing training ;

4) the appointment or approval of the audit of employees in the internal audits shall be carried out or approved by the auditor and that the training of assistants must be approved by the audit report ;

5) the internal audit budget and that this is approved by the Administrative Board, which must be stated on a management protocol ; and

6) information on agreements between the management of the undertaking and the internal audit on the execution of special audit tasks. Transitional tasks and tasks of a temporary nature need only be included in the internal audit protocol.

Paragraph 2. The internal audit must take on work tasks in accordance with the provisions of the internal audit. paragraph 1, no. 1 that it has sufficient competence to perform.

Paragraph 3. The people in paragraph 3. 1, no. 6. The tasks referred to must not affect the fact that the DAS comes into a situation in which he declares, or provides information on the facts or documents drawn up by the audit person or staff of the internal audit.

§ 24. In companies that have an internal audit, the audit work shall be carried out in accordance with good auditor practice and in accordance with an audit agreement between the external audit and the audit report. The audit agreement can be drawn up for the group as a whole. The audit agreement shall include :

1) a general description of the audit tasks to be carried out and which of these tasks shall be the responsibility of the external audit and internal audits respectively,

2) guidelines for cooperation between the external audit and the internal audit, including the work on the external audit, to carry out checks on the work of the internal audit, and

3) a description of how, and to what extent, information is exchanged between the internal and external audit of the audit carried out.

Paragraph 2. In the case of the audit report, the annual accounts, cf. Section 20 (2). 4, and Section 29 (3). In the revision agreement, the audit agreement must be included in the revision of the review of the essential and risk-filled areas. Participation shall mean that the audit director shall, in these areas, carry out part of the work which, in establishments where the auditor does not give an endorsement of the annual accounts, would have been carried out by the external audit alone.

§ 25. In companies that have a review of the audit, this shall also be the audit manager of all establishments covered by Section 1 (1). 2, i.e. whether it is a financial undertaking or not.

Paragraph 2. Paragraph 1 shall not apply in cases where the undertaking is temporarily operated for the execution of pre-concluded exposures or with a view to contributing to the restructuring of business operators.

The internal audit protocol

SECTION 26. For the management board in Denmark, the internal audit shall carry out an audit protocol. The Minutes shall be set out for the audit carried out during the year, which may form the basis for auditing part findings. The protocol must be presented at any board meeting and any protocol entry shall be signed by the total board of directors.

Paragraph 2. The internal audit records of the annual accounts shall account for the nature and extent of the audit works, including how the internal audit has taken part in the review of the essential and risk-filled areas ; and the conclusion of this.

Paragraph 3. The audit director shall provide the internal audit protocol on the annual accounts, the auditing plan and the budget of the internal audit of the relevant board meetings.

§ 27. In a separate section of the Protocol on the annual accounts, the internal audits shall sum up all the observations made by the audit to submit to the Administrative Board. The summary shall contain a status of the remarks made in respect of the financial year in question, as well as a status of the comments that were made as an inauspices in the Protocol on the preceding annual accounts, cf. Annex 3. If the audit has not given rise to any comments, this must be reported.

Paragraph 2. As a minimum, in the Minutes of a separate section, the audit shall indicate that the audit commander has not come into a situation in which he or she declares that it concludes or inforces the facts or documents relating to it ; the auditing director or staff of the internal audit has produced the basis for, cf. Section 23, paragraph 1. 3.

Paragraph 3. The Protocol on the annual accounts shall be informed of whether the internal audit has received all the information requested.

Paragraph 4. Section 5 (5). Articles 3 and 4, sections 6 and section 15 shall apply mutatis muthis to the internal audit records of the annual accounts.

Chapter 4

Audit predictions

§ 28. The external audit plans shall be made on the annual accounts, the group ' s accounts and annual accounts of subsidiaries, shall be submitted in accordance with the provisions of the Law of the approved auditors and auditors, as well as the provisions adopted pursuant thereto.

Paragraph 2. The requirement for the endorsement of the annual accounts of the subsidiary undertakings shall only be applicable if the external audit of the financial undertaking has carried out the audit.

§ 29. The audit director shall give an endorsement of the annual accounts, including the annual accounts and annual accounts of subsidiary undertakings established in Denmark, provided that this is selected in accordance with section 20 (4). 4, cf. however, section 25 (3). 2.

Paragraph 2. The approval of the audit report shall mean that the audit has been carried out under the review agreement, cf. § 24.

Paragraph 3. The endorsement shall include a brief description of the audit carried out, including that the internal audit has taken part in the review of the essential and risk-filled areas, as well as the conclusion of this. It must be disclosed separately if the audit includes something other than the annual accounts. Any reservations or supplementary information shall be clearly shown in the endorsement.

Chapter 5

Common provisions

-$30. A financial undertaking or a company within the same group may not grant commitment or receive security from the external audit, the audit manager or the temporary group. However, this does not apply to the loan granted by a life assurance undertaking in the re-purchase value of one of the life insurance undertakings issued insurance policy.

§ 31. If the external audit or internal audit may assume that a financial undertaking does not meet or within the foreseeable future, it will not be able to meet the requirements of solvency, cf. § § 124-126, in the Act of Financial Company, or Assets in section 4 (4), 10, section 6 (4). 4, section 7, paragraph. 4, section 12, paragraph 1. 2, no. 3 and 4, and section 162 (1). 1, no. 6, in the law of investment associations, etc., the person concerned shall inform the Finance-sighted immediately of this.

§ 32. Upon submission of conclusions and information, cf. Section 5 (5). 3 and 4, sections 11, 14, 33 and 34, 36, 38 to 42 and 45-47, it shall be assessed which of these are relevant to the company concerned. If a statement or conclusion is not to be made in relation to a company, this must be stated in the Minutes.

Chapter 6

Special provisions applicable to financial institutions

§ 33. The external audit shall be recorded in the Protocol on the annual accounts and the group accounts :

1) In conclusion, the financial institution ' s measurement of loans and guarantees have been carried out in accordance with the rules laid down by the financial institution.

2) Re-provide a company with a summary of the number of appropriations available through the management board during the accounting year, and the management's comments on the number of appropriations. The overview shall also include information on the number of appropriations from the Management Board during the financial year.

§ 34. The external audit shall be reproduced by the financial department in the Protocol on the annual accounts, in accordance with the following exposures, cf. however, paragraph 1 5 :

1) The 10 largest exposures of the Pensate Foundation.

2) Other exposures exceeding 10%. of the base capital, according to the rules of Section 145, in the Act of Financial Company.

3) Other significant exposures where they are subject to the assessment by the institution or the auditor, for example, on the board, for example, because of special risks, large depreciation or otherwise.

Paragraph 2. The view of paragraph 1. 1 is required for each engagement contain information on :

1) the size of the exposures,

2) any intended framework for terminus business and other business with derivative financial instruments ;

3) the security and the value of their estimated values ;

4) whether individual depreciation has been made on the commitment ;

5) whether or not the previous two financial years have been written or written on the exposures ;

6) the financial conditions of the debtor, and

7) the management assessment of the risk of the commitment, taking into account all the existing conditions, including the management of the commitment to the correct measured commitment.

Paragraph 3. The external audit shall be recorded in the protocol on the annual accounts following the assessment of the management of the management of each undertaking ;

1) identify the auditor ' s overall assessment of the risk of each engagement, taking into account all the existing conditions ; and

2) the conclusion of the individual exposures referred to in paragraph 1. 1, measured correctly.

Paragraph 4. In the group, see Section 1 (1). 2, the summary and information provided for in paragraph 1 shall be The conclusions of paragraph 1 and the auditor shall be drawn up. 3 is also provided on a group basis.

Paragraph 5. The view of paragraph 1. 1 shall contain commitments with real credit institutions as well as domestic and foreign financial institutions where special circumstances are attributed to it.

Chapter 7

Special provisions applicable to mortgage credit institutions

$35. The internal audit shall review

1) new mortgages without a public guarantee which, according to the board's instructions for the board, shall be granted by the Administrative Board,

2) the amounts of loans exceeding 10 million in excess of 10 million. crane, and

3) other loan cases.

Paragraph 2. The review of the loan cases, cf. paragraph 1, no. A review of the loan cases in which the mortgage value or the institution ' s premises are in particular interest shall be carried out in the light of the market conditions in the area concerned for ordinary properties of the species concerned ; the random, representative spot checks carried out in the paragraphs of paragraph 1 of this Article. 1 mentioned groups.

Paragraph 3. The audit agreement shall give details of the checks provided for in paragraph 1. 1 as well as for reporting the results of their findings to management and management board. The reporting to the Administrative Board shall include, inter alia, a statement of the sampling and the conclusion of the loan case review and a separate account of the loan cases where the audit has estimated that the apping value should have been less. The reporting shall be provided in the protocol on the annual accounts or will be sent to the Financial supervision in copy.

Paragraph 4. In the areas of credit institutions without internal audits, the tasks shall be the tasks of paragraph 1-3 the external audit.

§ 36. The external audit shall be entered in the Protocol on the annual accounts and the group accounts to the conclusion that :

1) the mortgage credit institution ' s measurement of the loans, including the adjustment of the value effected as a result of the credit risk, have been carried out in accordance with the rules laid down by the credit risk ;

2) the mortgage credit institution shall provide mortgage credit on the basis of other than the issue of mortgage bonds, in particular covered mortgage bonds, in particular covered debt securities and other securities, cf. Section 1 (1). 1, in the area of mortgages and mortgage bonds, etc.,

3) the mortgage credit institution shall use funds obtained by the use of securities, and whether it places excess funds from circulation in accordance with section 20 in the Act on mortgage and mortgage bonds, etc.,

4) the real credit institution shall keep the resources of the fund from the other funds in the institution in accordance with the means of the institution. Section 26 (1). 1, in the area of mortgages and mortgage bonds, etc., and

5) the real credit institution may calculate the assets and assets of each depositor.

Chapter 8

Special provisions for insurance undertakings

§ 37. When the conceptual insurance company or life assurance undertaking is subsequently used, these include cross-cutting pension funds as well.

§ 38. The external audit shall be entered in the Protocol on the annual accounts and the group accounts to the conclusion that :

1) there is a reasoned assumption that the technical provisions have been made in such a way that they are sufficient to cover all the insurance undertakings on the undertaking ' s insurance undertakings, balance day, but at the same time are not greater than necessary, and

2) the insurance undertaking satisfies the requirements of the rules of the law, including details of any comments made pursuant to the notice of the registration of assets in insurance undertakings, etc.

Paragraph 2. The external audit shall be recorded in the minutes of the financial statements relating to the checks made pursuant to section 9 (4). 2, in the notice of the registration of assets in direct code insurance undertakings, transverse pension funds, business pension funds and branches in Denmark of foreign direct code insurance undertakings.

§ 39. The external audit shall in the afficion of the annual accounts to the conclusion that the financial statement of capital and the risks of the financial statement shall be concluded. 31. Determination shall be made in accordance with the guidelines in force, cf. Instructions for reporting forms for information on capital and risks in life, damaged and reinsurance undertakings, transverse pension funds, and occupational hazards.

Chapter 9

Special provisions for brokerage brokerage and investment management companies

§ 40. The external audit shall be recorded in the minutes of the accounts of the phonebook brokers ' accounts as to whether or not

1) the company ' s company is in accordance with the consent of the company to operate the fund-broiler business, cf. Annex 4 to the financial undertaking, as well as on any possible. Ownership holdings shall be in accordance with section 26 (s). 1, in the law of financial activities,

2) the fund intermediary may calculate the assets and assets of each depositor, and

3) the fund-broker, if it is not authorised to conduct business on its own account, have placed the basic capital of the company in accordance with section 157 of the Act of Financial Enterprise.

Paragraph 2. Paragraph 1 shall apply mutatis muctis to the investment management companies which are authorized in accordance with section 10 (4). 2, cf. Section 9 (1). 1, in the law of financial activities.

Chapter 10

Special provisions for UCITS and FUFS and FUFS and hedge funds

§ 41. The external audits shall be recorded in the Minutes of the annual accounts of investment associations and special associations as well as the first-group associations to the conclusion of :

1) the calculations of the emission and solution rate shall be calculated in accordance with the provisions of Article 54 (1). Three, section 55, paragraph. 8, section 187, paragraph. 3 and Article 188 (3). 5, in the Act on UCITS, etc. Issued,

2) the location rules, cf. Chapters 13 and 14 for investment associations, cf. Chapter 15 for special associations and sections 1 for oveman associations in the Law on Investment Associations, etc., and

3) the association or a department has been or is under the minimum requirements of a fortune hearing, cf. Section 4 (4). 10, section 6 (4). 4, and section 162 (1). 1, no. 6, in the law on investment associations, etc.

§ 42. The external audit shall be recorded in the Protocol on the annual accounts of the hedge funds referred to in Article 7 (2). 1, in the Act of Investment Associations, etc., the conclusion of the question :

1) the calculations of the emission and solution rate shall be calculated in accordance with the provisions of section 54 (4). Three, section 55, paragraph. 8, and Section 1 (1). 4, in the Law on Investment Associations and so on issued a notice, and

2) the association or a department has been or is under the minimum requirements of a fortune hearing, cf. Section 7 (2). 4, in the law on investment associations, etc.

§ 43. In the Protocol on the annual accounts of investment associations and special associations, together with the social associations and hedge funds, they should not be given in sections 13 and sections 14.

Chapter 11

Special provisions applicable to securities traders

§ 44. The securities traffickers are financial institutions, real credit institutions, fund brokers, and investment management companies that have a licence as securities trading in section 9 (4). 1, in the Act of Finance, hereinafter referred to as securities traders ;

§ 45. The internal audit shall draw up and carry out an audit plan to examine and evaluate the systems, internal control procedures and systems of the securities handlers, and appropriate and effective systems.

Paragraph 2. The internal audit shall, as part of the execution of the provisions referred to in paragraph 1, 1 mentioned work actions, review the reporting to the management board from the compliance and the risk management function, cf. Section 6, in the notice of the organizational requirements and the conditions governing operation of activities as securities trades. The internal audit shall, as a minimum in the audit record, relate to the annual accounts, report on the audit conditions to which the review is given rise, indicating whether appropriate measures have been taken in the event of : any deficiencies. If the review does not give rise to any comments, this must also be recorded in the Minutes.

§ 46. If an internal audit has not been created, the external audit shall review the reporting to the management board from the compliance and the risk management function, cf. Section 6, in the notice of the organizational requirements and the conditions governing operation of activities as securities trades. The external audit shall, as a minimum, in the audit protocol on the annual accounts report on the findings of the audit which the review gives rise to, stating whether appropriate measures have been taken in the event of : any deficiencies. If the review does not give rise to any comments, this must also be recorded in the Minutes.

§ 47. The external audit shall be recorded in the minutes of the annual accounts and the group accounts to conclude whether the securities dealer complies with the provisions of section 72, paragraph 1. 1-3, in the law of financial activities, including the fact that the external audit is not known to be in conflict with the requirements of the notification of the organizational requirements and the conditions governing operation of the undertaking as securities trades.

Chapter 12

Penalty and entry into force

§ 48. Inherit of § § 2-5, § § 7-14, § 16, 2. pkt., section 17, paragraph. One, two and three. pkt., and paragraph. 2 and 3, section 18 (3). ONE, ONE. and 2. pkt., and paragraph. 2 and 3, section 19 (3). 3, section 20, 24, section 25, paragraph. 1, sections 26 and 27, section 28 (3). Paragraph 1, section 29, paragraph. 1 and 3, section 30-36, § § 38-42 and § § 45-47 are punished with fine.

Paragraph 2. Companies can be imposed on companies, etc. (legal persons) punishable by the rules of the penal code 5. Chapter.

§ 49. The announcement shall enter into force on 1. September 2013 and shall have an impact on audit protocols relating to the financial year commencing on 1. January 2013, or later.

Paragraph 2. At the same time, notice No 4 of 5. 1 January 2012 on the implementation of the audit in financial undertakings, etc., and financial groups.

Paragraph 3. The provisions of section 18 (1). 2 and 3 shall apply to persons who accalate to a position as a statement of auditor, as a replacement for the audit commander or vice-president of the Executive Assistant Director after 1. January 1999.

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Appendix 1

Conclusions and information in the audit protocol latet concerning the annual report

1) Reference is made to the appropriate page number in the audit protocol.

2) Reference is made to the Article 34 (4) of the Court of Auditors. 3-5 for additional requirements made in the context of this conclusion.

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Appendix 2

Description of auditor's work actions

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Appendix 3

Summary of notes in the audit protocol laughter concerning the annual accounts

1) There is a requirement that the external audit in its protocol to the annual accounts must indicate to the extent that external audits agree with the contents of the internal audit protocol, cf. § 8 # 2, in the revision notice.

(2) The special requirements of the Management Board or shareholders shall be subject to special requirements.

3) Since the work of the auditor shall be made in order to make a review of accounts in an annual financial statement, the auditor shall rarely encounter infringements of any other legislation other than company law, tax laws and sectoral laws. However, in the audit protocol, auditor must inform you of infringements of any law to the extent to which the auditor shall be referred to.

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Appendix 4

Internal audit tasks and behavior

1) The announcement contains provisions implementing Commission Directive 2006 /73/EC of 10. In August 2006 on the implementation of Directive 2004 /39/EC of the European Parliament and of the Council with regard to the organizational requirements and conditions for the operation of investment firms and definitions of concepts for the purposes of that Directive, the Official Journal of the Community 2006, no. L 241, p. 26.