The Danish Financial Supervisory Authority has published its 2025 statistics on breaches of capital market rules, reporting that it opened 319 cases of suspected market abuse and referred nine actors to the police, broadly in line with previous years. It also issued seven reprimands and orders for breaches of disclosure obligations. The case load increased from 248 cases in earlier years and comprised 204 cases with suspected insider dealing, 105 with suspected market manipulation, and 10 enquiries from foreign authorities. The increase was driven mainly by suspected insider dealing, which the authority linked to isolated days with very large price swings in individual C25-index shares around takeover bids and other major events, while noting it did not find more capital markets rule breaches than normal in 2025. Banks and trading venues are required to monitor customer behaviour and report suspicious trades or orders, and cases can also be opened based on tips from citizens or whistleblowers and the authority’s own surveillance of trading and order data.
Danish Finanstilsynet 2026-03-27
Danish Financial Supervisory Authority publishes 2025 capital markets enforcement statistics with 319 suspected market abuse cases and nine police referrals
The Danish Financial Supervisory Authority reported 319 cases of suspected market abuse in 2025, up from 248 in previous years, with 204 cases involving insider dealing. The increase was attributed to large price swings in C25-index shares during major events, though overall breaches were consistent with normal levels. Additionally, nine actors were referred to the police, and seven reprimands and orders were issued for disclosure breaches.