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    Denmark Regulatory Compliance Updates

    Denmark

    Danmarks Nationalbank shared a draft specification (including XSD schema) with reporting entities for future Microeconomic Database for Credit and Deposits (MIKI) reporting, effective from 30 September 2026.

    Danmarks Nationalbank has shared a draft specification (including XSD schema) with reporting entities for future Microeconomic Database for Credit and Deposits (MIKI) reporting, effective from 30 September 2026.

    Regulator Web Page

    Overview: This law transposes EU securities law into Danish law, including MAR.

    Part 4: Operation of a regulated market
    Section 18-1: The operator shall [be able to]:
    7): monitor that issuers of securities and members of the market comply with the regulations for the regulated market
    8) register the transactions that are carried out by members of the market by use of the market’s systems, for identifying violations of the market’s regulations, trading conditions in violation of the regulations for the regulated market or behavior that may involve violation of Part 10

    Part 7: Disclosure Obligations
    Section 27: Disclosure of inside information
    Section 27a: Regular access to inside information

    Part 10: Abuse of inside information, price manipulation and measures for the prevention of market abuse
    Sections 34-37: Inside information
    Section 38-39: Price manipulation

    Part 11b: Operation of a multilateral trading facility
    6) Operators must monitor that users of the trading facility are in compliance with the regulations for the trading facility

    Resources & Insights

    Nasdaq Crypto Regulation Guide: Europe

    Nasdaq Crypto Regulation Guide: Europe

    Regulation of cryptocurrency varies globally by region, jurisdiction, and regulatory body. Nasdaq’s comprehensive and updated Cryptocurrency Regulation Guide Europe provides a snapshot of recent recommendations from international regulatory and standards-setting bodies as well as key developments in Europe.

    Clearing the Path for Crypto-Asset Regulation: The EU’s MiCA Explained

    Clearing the Path for Crypto-Asset Regulation: The EU’s MiCA Explained

    The EU recently passed the Markets in Crypto-Assets (MiCA) regulation which will go into effect in 2024. The monumental vote will set global standards for the regulation of crypto-assets. Read our paper to learn more about the articles within MiCA pertaining to market abuse.

    Practical Guide: Markets in Crypto Assets (MiCA) Regulation

    Practical Guide: Markets in Crypto Assets (MiCA) Regulation

    With MiCA scheduled to go into effect in 2024, crypto-asset market participants should expect more stringent surveillance requirements once the regulation is implemented. Now is the time to implement technology and processes to monitor for market abuse, money laundering, and fraud – not only to ensure compliance, but also to protect investors, instill confidence, promote integrity, and attract clients.