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Denmark · EU member

Financial Supervisory Authority of Denmark

Finanstilsynet (DK) · Financial supervisory authoritySelective

60Activity Indexmethodology →

Employees

421

· FTE

FY2025

Annual budget

DKK 551.2m (~€73.7m)

· annual appropriation

FY2025

Supervised entities

≈2,450

· entities licensed under covered frameworks (approx.)

FY2025

Overview

Finanstilsynet (DK) is Denmark's financial supervisory authority, supervising banks, mortgage credit institutions, pension and insurance companies, investment funds, fund managers and investment firms, and funded by levies on the firms it supervises rather than from the state budget. It works to an explicitly risk-based method, concentrating on the areas where the probability of failure and the severity of the consequences are greatest. In 2025 it initiated 121 inspections, completed 155, and issued 569 supervisory reactions, mostly orders — while closing 14,697 cases in total and completing 98.5% of cases carrying a statutory deadline on time. Everything below is Finanstilsynet's own data, from its Årsrapport 2025 and its report on supervisory activities in 2025.

Regulated sectors

BanksPayment institutionsE-money institutionsInvestment firmsAsset managersCrypto-asset service providersInsurance companiesInsurance intermediariesPension funds

Leadership

  • Nina Dietz LegindChair of the Board
  • Louise MogensenDirector General · since 2023
  • Rigmor AnsdalDeputy Director General — payments, financial technology, financial crime and AML, capital markets regulation, legal affairs · since 2025

Full board →

Figures as published by Financial Supervisory Authority of Denmark for FY2025. Source: Finanstilsynet (DK) Årsrapport 2025 (Danish) (Published March 2026). Data as of 31 December 2025. Supplementary: Rapport om tilsynsindsatser i 2025 (Danish, 25 March 2026).

Organisation (FY2025)

ItemValue
Staff
421 FTE
Årsværk. Årsrapport 2025 p. 6. Standalone authority — whole of Finanstilsynet, no central-bank contamination
Annual appropriation
DKK 551.2m (~€73.7m)
Årsrapport 2025 p. 16. Basis: 2025 appropriation, set in the Finance Act under §08.23.01 and recovered through levies on supervised firms, invoiced each December. Not levy revenue actually collected and not outturn expenditure

Supervised entities (end-2025)

ItemValue
Entities licensed under covered frameworks
≈2,450
Approximate. Built from sector components, each itself approximate: ~2,200 insurance intermediaries and agents · ~107 investment firms and advisers · ~83 insurers and pension funds · 57 banks · 6 mortgage credit institutions. Replace with exact counts from Årsrapport 2025 when available
Held out — AIF funds and managers
~730 (combined)
Reported as a combined figure for funds and managers; the split can't be extracted, so the number is held rather than guessed
Held out — AML register
~360
Lending businesses and non-financial entities registered for money-laundering supervision only. Mixed population; non-financial part outside covered frameworks

Supervisory activity 2025

ItemValue
Inspections initiated
121
vs 183 in 2024. Fewer than normal were planned because of Denmark's EU Council presidency in H2 2025; activity is expected to rise again in 2026
Inspections completed
155
vs 210 in 2024
Inspections within the 8-month target
88%
vs 75% in 2024
Supervisory reactions
569
vs 721 in 2024. Primarily orders (påbud)
Cases closed with a statutory deadline
5,463
vs 4,663 in 2024
Cases closed in total
14,697
vs 12,932 in 2024
Statutory-deadline case timeliness
98.5%
vs 98.6% in 2024

Financial reporting control 2025

ItemValue
Listed companies in scope
183 at end-2025
79 financial undertakings, investment associations, securities funds and capital associations covered by Finanstilsynet's rules; 104 covered by the Danish Financial Statements Act
Reviews conducted
11% of listed companies selected
17 cases closed with no errors or breaches; errors found in 7 annual reports and 1 interim report; 14 cases carried into 2026

Notable 2025

ItemValue
EU Council presidency (H2 2025)
Reduced planned inspections while increasing legislative and negotiating work; inspection volumes expected to recover in 2026.
Case throughput up
Despite the lower inspection count, case throughput rose: 14,697 closed vs 12,932; share of inspections completed inside the 8-month target improved from 75% to 88%.
Perimeter breadth
The inspection programme spans traditional prudential supervision alongside cross-cutting risk areas: IT, fintech, money laundering, sustainability, and consumer and investor protection.
Financial reporting control — joint model
Run jointly with the Danish Business Authority, which covers issuers outside Finanstilsynet's rules.
Levy funding model
Entirely levy-funded: supervised firms are invoiced in December for having been under supervision during the year, and a firm supervised for only part of the year still pays the full levy.
Levy basis change
Changed from 1 January 2025 for firms charged under §§360–361 of the Financial Business Act.
EBA Management Board
Director General Louise Mogensen was elected to the EBA's Management Board in January 2025.

Key legislation

  • Lov om finansiel virksomhed (Financial Business Act)

    Foundational — banking, insurance, investment services

  • Lov om betalinger (Payments Act)

    PSD2 / EMD transposition

  • Lov om kapitalmarkeder

    Capital markets, MiFID II framework

  • Hvidvaskloven (AML Act)

    AML/CFT supervision

Public registers

Application portals

Recent publications

Data as of 31 December 2025 · Source: www.finanstilsynet.dk + ComplyBridge researchActivity Index methodology →

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