PEA Depositary Services ApS (“PED”) has been given a clean bill of health from its regulator, the Danish Financial Services Authority (Finanstilsynet). The FSA focussed on PED’s written processes and procedures to ensure that PED complied with appropriate legislation. The FSA has confirmed that the inspection did not give rise to any concerns. Peter Toyberg, Group Managing Director commented: “This was our first inspection and to receive a clean report is a clear endorsement of our business. Everyone at PED have worked extremely hard to meet all the standards required and I would like to congratulate the team for their hard work and dedication.”
Further information can be found in the attached letter from the FSA (click here).