Country Manual Credits
Denmark – Update 2025
out of Credit Institution’s Country of Establishment (RT, BT & Def)
| Source of changes | Answers |
|---|---|
| Law / Regulation | Yes |
| New Position of the Authorities | No |
| Evolution of Expert’s Interpretation | No |
Regulatory Template, Behaviour Template and Definitions and Concepts
Material changes
The section on pledging of sercurities listed in the target country and on tax have been updated;
The scope of application of the Credit Agreements Act has been amended;
It has been specified that a consumer has the right at any time to repay his/her credit and any notice period is not binding for the consumer. Likewise, a non-termination clause for the consumer is not .binding.
Non-material changes
The scope of the Country Manual has been amended to explicitly point out that the Danish cross-border rules are not applicable to Greenland, as Danish legislation is (only) implemented on a section-by-section basis and with specific adjustments in Greenland, and (additional) local laws may apply. Further, the legal bases have been updated to the latest versions and other non-material changes and more detailed explanations (in particular in the Lombard credit section) have been added throughout the documents.
For more information, please contact us: info@brpsa.com
Geneva, June 19th 2025