meta_id 3120829

On 2 May 2026, the Official Gazette (Lovtidende) published an updated version of Denmark's law on investment funds (lov om investeringsforeninger m.v.), reflecting amendments from recent legislative changes. The updated act consolidates amendments from Law No. 712 of 20 June 2025 and Law No. 1638 of 16 December 2025. Key amendments address crypto-asset exposure handling, environmental, social and governance (ESG) transition planning requirements, enhanced documentation standards for fund management structures, clarified rules for third-country credit institution licensing, expanded Financial Supervisory Authority (Finanstilsynet) powers regarding material acquisitions of shareholdings, disclosure regulation penalties, modernisation of FAIF-UCITS II directive rules, and strengthened anti-money laundering provisions. The act also establishes a common European access point (ESAP) for submission of specified public information. Certain amendments enter into force on staggered dates: provisions concerning crypto-asset handling, ESG planning, documentation requirements, third-country licensing, and supervisory acquisition approval powers take effect 2 July 2026. Amendments relating to disclosure penalties, FAIF-UCITS modernisation, and anti-money laundering strengthening take effect 10 January 2028. Provisions on prospectus thresholds, share class restrictions, multilateral trading facility disclosure, and supervisory independence take effect 25 June 2026. The consolidated act applies to Danish UCITS (undertakings for collective investment in transferable securities), including investment associations, variable capital investment companies (SIKAV), and securities funds, along with their depository institutions, management companies, and supervisory requirements under Danish and European Union financial regulation.