Through Danish, national legislation, the Danish FSA has implemented the EU directive on AIFM (Alternative Investment Fund Manager). The EU directive is based on the conclusion that a supervision package was needed to provide the foundation for a more stable and secure financial system in Europe, including alternative investment funds which have not previously been covered by any regulations.
The Danish FSA acts as an independent party in controlling, monitoring, and supervising Fund Managers and Alternative Investment Funds.
Kristensen Properties has obtained approval as an Alternative Investment Fund Manager.
The Danish FSA will carry out a continuous supervision and ensure that:
Kristensen Properties has adequate capital for going concern.
Kristensen Properties has a sustainable business concept.
Kristensen Properties has a clearly defined risk management profile.
Kristensen Properties operates within a legally defined scope.
Kristensen Properties’ management meet stipulated “fit and proper” requirements.
Further, subject to the requirements from the Danish FSA, Kristensen Properties is to report any changes in conditions which may impact on our defined scope of business.