Admission requirements

Investment funds may register for the SP Option Scheme to the extent that they fulfil the requirements set out in part 2 of the Executive Order on Requirements for Investment Undertakings included in the SP Option Scheme. A primary condition is that investment funds must fulfil the UCITS Directive 85/611/EEC or be covered by section 5 or authorised pursuant to section 112 of the Danish Act on Investment Associations and Special-Purpose Associations as well as other Collective Investment Schemes, etc. Foreign investment funds are also to obtain a marketing authorisation from the Danish Financial Supervisory Authority.

When registering for the SP Option Scheme, the investments funds are at the same time to enter into a cooperation agreement with the Danish Labour Market Supplementary Pension Scheme (ATP) on the investment fund’s participation in the SP Option Scheme. The Cooperation Agreement specifies the terms for the inclusion of investment funds in the SP Option Scheme. The Agreement thus sets out detailed requirements for the investment funds, including a continued duty of disclosure as a result of the inclusion in the SP Option Scheme, necessary technical installations and connections, etc.

Dividend

The administration relating to dividend-distributing investment funds is more comprehensive than as regards accumulative investment funds. If the investment fund is divided into an accumulative class and a dividend-distributing class, the investment fund should register the accumulative class for the SP Option Scheme.

Contact information

SP-Valg
Nikolaj Plads 6
Postbox 1040
1007 København K

E-mail: spvalg@nasdaqomx.com
Phone: +45 33 77 03 85 / +45 33 77 03 84
Fax: +45 33 12 86 13

Agreement documents

Cooperation Agreement
Clarification for participation
Executive Order ATP
Registration Form
Legal Proceedings Clause
Auditors' Opinion
Guidance to completion of Appendix 6
Cross-border activities