New rules on severance pay to managers of AIFMs adopted

Published 21 April 2023

PrintCategory: AIFs

On 18 April 2023, the Danish Parliament has adopted the proposal to amend the Danish financial regulation, including the Danish Alternative Investment Fund Managers Act. The proposal as adopted is available here (in Danish).

The reform was proposed by the Danish Government in February 2022, which we made an elaborate update on available here. The amendments include more detailed rules for severance pay and the payment of salary during a notice period, as well as rules contributing to increase the criminal and tort liability of the management of financial undertakings in cases of gross mismanagement and negligent behavior.

What’s next: The amendments will enter into force on 1 July 2023.

Tags:  Danish RegulationDisclosure RequirementsManagement Remuneration


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