If proposed regulation granting ATP more freedom in its investments is passed, it will be harder for the Danish Financial Supervisory Authority (Finanstilsynet) to check the Danish state labor market pension fund's provisions, Danish financial daily Børsen reports based on an internal hearing response written by the FSA.
"Finanstilsynet cannot conclude that future monitoring duties in relation to the adequacy of pension provisions will be viable insofar as the FSA's evaluation is dependent on an account of provisions based on the subjectively assessed illiquidity spread from ATP's board of directors," the authority wrote according to Børsen.
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