TITLE: Denmark's Financial Supervisory Authority Issues Directive to Ringkjøbing Landbobank on Fund Marketing BODY: On August 14, 2026, Denmark's Financial Supervisory Authority (FSA) issued a directive to Ringkjøbing Landbobank Aktieselskab regarding the marketing of expected returns for investment funds. The FSA found that Ringkjøbing Landbobank was marketing two funds—"Klasse AEUR-Z EQT Nexus" and "Klasse REUR-Z EQT Nexus Infrastructure"—with expected returns that were substantially higher than those disclosed in the funds' key investor information documents (PRIIP KID). This discrepancy between marketing materials and the PRIIP KID creates a conflict in the information provided to investors. The FSA determined that the expected returns presented in marketing communications were not calculated in accordance with the applicable regulatory framework, creating a risk that investors would make investment decisions based on misleading information. Under Article 9 of Regulation (EU) No. 1286/2014, the FSA directed Ringkjøbing Landbobank to remove all marketing materials for these funds that display expected returns differing from the moderate scenario presented in the PRIIP KID. This directive ensures that all promotional communications align with the standardised return scenarios required under the PRIIP Regulation, protecting investors from receiving conflicting or misleading performance expectations. The directive applies immediately to Ringkjøbing Landbobank's marketing activities for the specified funds.

Påbud til Ringkjøbing Landbobank Aktieselskab vedrørende markedsføring af forventede afkast for fonde | Finanstilsynet

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