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A Disclosure Statement lets organizations share important information with stakeholders in a clear, structured way. Under Danish financial and corporate law, these statements help companies meet their transparency obligations by revealing key facts about their operations, risks, and financial position.

Danish businesses commonly use these statements during mergers, when seeking investment, or as part of their regular reporting duties. The content varies based on the specific situation, but must always follow the requirements set by the Danish Financial Supervisory Authority (Finanstilsynet) and align with EU transparency directives. Good disclosure statements protect both companies and stakeholders by ensuring everyone has access to the same essential information.

Use a Disclosure Statement when your Danish business needs to share significant information with investors, customers, or regulatory bodies. This document becomes essential during key events like mergers, acquisitions, major business changes, or when raising capital through public or private offerings.

Danish law requires Disclosure Statements for specific financial transactions, especially those regulated by Finanstilsynet. Companies must prepare these statements before IPOs, bond issuances, or when material changes affect business operations. The timing matters - Danish regulations often specify strict deadlines for disclosure, and early preparation helps avoid last-minute compliance issues and potential penalties.

• Financial Disclosure Statements: Used for reporting financial details to investors and regulators, following Finanstilsynet guidelines
• Risk Disclosure Statements: Detail potential risks in investment products or business operations
• Corporate Transaction Disclosures: Required during mergers, acquisitions, or significant ownership changes
• ESG Disclosure Statements: Focus on environmental, social, and governance reporting, increasingly important under Danish sustainability requirements
• Product Disclosure Statements: Common in financial services, detailing product features and risks to customers

• Corporate Leadership: CEOs, board members, and executives who approve and sign Disclosure Statements, taking legal responsibility for accuracy
• Legal Departments: In-house lawyers and external counsel who draft and review statements to ensure compliance with Danish regulations
• Financial Officers: CFOs and their teams who prepare financial data and verify accuracy of disclosures
• Compliance Teams: Specialists who ensure statements meet Finanstilsynet requirements and EU directives
• Stakeholders: Investors, shareholders, and regulatory bodies who rely on these statements for decision-making

• Gather Basic Information: Collect company details, registration numbers, and relevant financial data required by Danish disclosure laws
• Identify Purpose: Determine the specific reason for disclosure to ensure alignment with Finanstilsynet requirements
• Document Material Facts: Compile all significant business changes, risks, and financial positions that need disclosure
• Review Requirements: Check current Danish regulatory guidelines and EU transparency directives
• Use Digital Tools: Our platform generates legally-sound Disclosure Statements, ensuring all mandatory elements are included
• Internal Validation: Have key stakeholders review the draft for accuracy and completeness

• Company Information: Full legal name, CVR number, registered address, and authorized representatives
• Material Information: Clear statement of all significant facts and circumstances being disclosed
• Risk Factors: Detailed description of potential risks and their impact on business operations
• Financial Details: Current financial position, relevant historical data, and future projections
• Compliance Statement: Declaration of adherence to Danish Financial Statements Act requirements
• Authentication: Date, signatures of authorized representatives, and company seal if required
• Data Protection: GDPR compliance statement and data handling procedures

A Disclosure Statement differs significantly from a Disclosure Letter in several key aspects, though both deal with sharing information. While Disclosure Statements are broad, formal documents used for regulatory compliance and public announcements, Disclosure Letters are typically more focused and transaction-specific.

• Scope and Purpose: Disclosure Statements cover comprehensive business information for regulatory bodies or public consumption, while Disclosure Letters typically address specific issues in private transactions
• Legal Framework: Statements must comply with Finanstilsynet regulations and EU directives, whereas Letters are more flexible and transaction-dependent
• Timing and Duration: Statements often have recurring filing requirements and remain publicly accessible, while Letters are usually one-time documents tied to specific deals
• Content Structure: Statements follow strict regulatory formats with mandatory sections, but Letters can be tailored to specific transaction needs