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Executive Order On Calculation Of Indicators And Factors For Appointment Of Systemically Important Financial Institutions, Etc.

Original Language Title: Bekendtgørelse om opgørelse af indikatorer og faktorer til udpegning af systemisk vigtige finansielle institutter m.v.

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Publication of indicators and factors for the designation of systemic financial institutes and so on.

In accordance with section 308 (2), 8-10, and section 373, paragraph 3. 4, in the law of financial activities, cf. Law Order no. 948 of 2. July, 2013, as amended by law no. 268 of 25. March 2014 :

Scope and definitions

§ 1. This notice shall apply to financial institutions, real credit institutions and fund-brokerers shall be in the case of the Fund (s) of which you are authorised to carry out the activities referred to in Annex 4 (A) (i). 3 and 6 covered by Regulation (EC) No 2 ; 575/2013 on supervisory requirements for credit institutions and investment firms.

Paragraph 2. The financial supervision shall be institutes, cf. paragraph 1, make the indicators and factors for calculating the system value, in accordance with sections 3 and 4, in order to designate systemic important financial institutions (SIFI), cf. § 308, in the Act of Financial Business.

Paragraph 3. For institutions, cf. paragraph 1 that will issue the group accounts, cf. Chapter 6 of the financial reports for credit institutions and the brokers ' brokerheads, etc., shall take up, cf. paragraph 2, at the group level, however, the calculation of a subsidiary insurance undertaking or an associated insurance undertaking shall be in accordance with Article 198 of the Act of financial activities, cf. however, paragraph 1 4.

Paragraph 4. For institutions, cf. paragraph 1 to keep the group accounts in accordance with IFRS shall make the decision, cf. paragraph 2, at group level, in accordance with the corporate accounting rules, cf. Chapter 6 of the financial reports for credit institutions and intermediaries of the fund intermediaries, so that, in accordance with Article 198, the establishment of a subsidiary insurance undertaking or an affiliated insurance undertaking shall be subject to Article 198 ; Company.

Paragraph 5. For institutions, cf. paragraph 1 which does not deposition group accounts, the inventory shall be made, cf. paragraph 2, at solonial level, cf. Chapter 1 of the financial reports for credit institutions and brokers ' brokerheads and other financial reports.

§ 2. For the purposes of this notice :

1) Balance : Assets in everything, calculated and measured in accordance with the notice of financial reports for credit institutions and brokers ' brokerers and others.

2) Loans : the sum of loans and other receivables to fair value and loans and other loans for the amortized cost, calculated and measured in accordance with the notice of financial reports for credit institutions and brokers ' brokers and other loans.

3) Loans : the sum of deposits and other debts and loans into account schemes, calculated and measured in accordance with the notification of financial reports for credit institutions and the fund brokers and other financial reports.

Indication of Indicators

§ 3. The Indicator, cf. Act on financial activities § 308 (3). 2, no. 1, as a percentage of Denmark's gross national product, is calculated as the Institute's balance, as a percentage of Denmark's gross national product at current prices from Statistics Denmark.

Paragraph 2. The Indicator, cf. Act on financial activities § 308 (3). 2, no. 2, concerning the loan of the institution of the institution in Denmark, in the percentage of the Danish money and real credit institutions ' total loans in Denmark, be discharged as the loans of the credit institution, deducted from the loan from the foreign entities of the monetary institution (branches and subsidiaries), in the percentage of Danish financial institutions ' total loans, deducted from the deducted loans from the foreign entities of Danish financial institutions (branches and subsidiaries).

Paragraph 3. The Indicator, cf. Act on financial activities § 308 (3). 2, no. 3, concerning the institution ' s deposits in Denmark, in the interest of the Danish financial institutions ' loans in Denmark, be made up as the financial institution ' s total deposits, deducted from the deposits of the financial institution ' s foreign entities (branches and subsidiaries), in the percentage of : The total loan of Danish financial institutions, deducted from deposits in Danish financial institutions ' foreign entities (branches and subsidiaries).

Paragraph 4. In the calculation of the indicators referred to in paragraph 1, 2 and 3 shall not be deducted from loans and deposits, in the units of finance institutions (branches and subsidiaries) of the Faroe Islands or Greenland.

Calculation of factors for calculating systemic value

§ 4. The factor, cf. Act on financial activities § 308 (3). 6, the Foundation ' s balance of the Danish money and mortgage brokers ' s and Fund intermediaries shall be in the case of the Foundation ' s Party to which you are authorized to carry out the activities referred to in Annex 4 (A) (i). 3 and 6, overall balance shall be the balance of the institution as a percentage of the overall balance of the institutions.

Paragraph 2. The factor, cf. Act on financial activities § 308 (3). 6, ' The institution ' s lending in Denmark, as a percentage of the total loans of the Danish money and the real credit institutions, shall be made up in accordance with the same method as specified in Section 3 (1). 2.

Paragraph 3. The factor, cf. Act on financial activities § 308 (3). 6, ' The institution ' s deposits as a percentage of the total deposits of the Danish financial institutions shall be ' opted in accordance with the same method as set out in section 3 (3). 3.

Publication

§ 5. The Financial Commission shall draw up every year an institution-specific view of each systemic financial institution (SIFI) designated under Section 308 of the Act of Financial Company. The institution-specific view contains the designated systemic major financial institution (SIFI) indicators and factors, set up in accordance with sections 3 and 4, as well as the institution ' s entry into categories of systemic class, cf. § 308 (3) 6, in the law of financial activities. The institution-specific view shall be drawn up in the context of the financial supervision by the Financial Authority (SIFIer) in accordance with section 308 of the Act of Finance, in accordance with Article 308.

Paragraph 2. The institution shall publish the institution-specific view no later than three working days after the Foundation has received the view from the Financial supervision of the Commission. The institution shall publish the institution-specific view of its website in a place where it is naturally to be at home. Immediately after the Foundation has published the institution-specific view, it shall be notified to the Financial supervision.

Paragraph 3. After receiving notification of the publication of all nominated systemic financial institutions (SIFs), the financial supervision shall be published by publication of an overall view of all the systemic major financial institutions on their website.

Penalty provisions

§ 6. The penalty shall be penalised by the failure to comply with the requirements for publication, cf. Section 5 (5). 1-2.

Paragraph 2. Companies can be imposed on companies, etc. (legal persons) punishable by the rules of the penal code 5. Chapter. 1. Act. applies only to institutions covered by the Clause Section 1 (1). 1.

Entry into force

§ 7. The announcement shall enter into force on the 31. March, 2014.

Financial supervision, the 27th. March 2014

Ulrik Nutgaard

/ Thomas Broeng Jørgensen