Source: https://www.global-regulation.com/translation/denmark/610609/ordinance-on-the-rules-of-procedure-of-the-financial-business-council.html
Timestamp: 2019-04-20 18:44:57+00:00

Document:
4) 2 special experts nominated by the Council of mortgage and Mortgage Association jointly or separately.
5) 2 special experts set by DI, Danish Shipowners ' Association, the professions, Crafts Council and the Danish agriculture and food in the Association.
7) 1 special expert set of Danish insurance and pension brokers.
§ 5. The Financial Business Council takes a decision on whether or not to contact the prosecution of charges for violation of the financial business act or other laws, according to which the Council by law conferred on the jurisdiction, as well as rules issued pursuant to these laws.
(5). A member who is prevented from attending a meeting, the Secretary of the Council shall give notice as soon as possible. The Member shall ensure even to convene and pass the material for the meeting to his Deputy.
(2). The oral presentations are a supplement to the written material in the case. Anyone who wants to submit a post, shall, not later than 4 days prior to the meeting, in writing, provide to the Secretariat, which the factual and legal circumstances of the post will be presented to the Council.
§ 15. The Council is quorate when at least half of the members participating in the examination of a case. At least half of the participating members shall be independent members, see. § 345, paragraph 1, no. 1-5 of the law on financial business.
(2). The Council shall decide by a simple majority of votes among the participating members. Event of a tie, the casting vote.
(4). A member unable to attend physically at a meeting of the Council, he or she can attend electronically. Participation by electronic means by telephone, via the Internet or other media with equivalent functionality.
(2). Council Secretary shall prepare as soon as possible after the meeting a summary thereof and send it after the President's approval to members. Members can come up with objections to the minutes at the following meeting. Members must submit their representations in writing to the Secretary as soon as possible after receipt of first instance.
§ 17. A member may not participate or be present during the examination of a case, if there are circumstances which are suitable to weaken confidence in the Member's impartiality in the matter.
(2). There should be disclosure with naming names of the Council's decisions, which are aimed at companies, see. § 354 a of the financial business Act. By Council decisions means decisions of the Council or of the Danish financial supervisory authority pursuant to § 7 (urgent cases that would otherwise have been submitted to the Council). Decisions taken by the Danish financial supervisory authority under section 5, paragraph 2, (delegation from Council) shall not be regarded as Council decisions.
(3). Publication in accordance with paragraph 2 may not, however, happen, if it would cause disproportionate harm to the company, or if investigative considerations militate against disclosure. The publication shall not contain confidential information about customer relations or information subject to section 12, paragraph 1, of the Act on the public nature of the Administration, or confidential information derived from other countries ' authorities, unless the authorities concerned have given their explicit permission to do so.
(7). Publication in accordance with paragraph 2 occurs when the party is informed and, as far as possible the day following that on which the decision is taken. If the party has been given a deadline to comply with a decision, the publication will first happen after expiry of that period. If a company after the stock exchange rules shall publish a communication to the market, the publication of The Financial Business Council decision to await the company's message. Decisions are published on the FSA website.
(4). A member can discuss matters covered by section 4 with its alternate and disclosed material related to his/her alternate. In so far as the particular experts have received material, see. section 11, paragraph 3, a member may discuss this with the special experts. The President and ceo of the Association of the Danish FSA can in special cases make the decision that the Council material alone can be discussed by Council members. This shall be indicated on the released material.
(5). The President and ceo of the Association of the Danish FSA may decide that the material covered by § 4, no. 2 and 3, are publicly available. This must be given in the published material or be notified subsequently.
§ 20. The notice shall enter into force on 8 November. December 2009.
(2). At the same time repealed Executive Order No. 638 of 24. June 2008 on rules of procedure for The Financial Business Council.

References: § 5

§ 15
 § 345

§ 17
 § 354
 § 7
 § 4

§ 20