Changes in Custodial Company for ValueInvest Danmark Fund
Significant Changes for ValueInvest Danmark
The board of Investeringsforeningen ValueInvest Danmark has recently announced an important shift in their custodial arrangements. As of now, the association has made the decision to transition its custodial services from Spar Nord Bank A/S to Jyske Bank A/S. This strategic move aligns with the regulations stipulated within the organization’s bylaws, demonstrating their commitment to compliance and best practices.
Transition to Jyske Bank A/S
Additionally, the board confirmed that they will also be changing the market maker and certificate issuer roles, also migrating from Spar Nord Bank A/S to Jyske Bank A/S. This comprehensive transition aims to enhance the operational framework of the fund, ensuring a more robust and efficient management system is in place.
Expected Implementation Timeline
The change is anticipated to take effect on or around June 20, 2025, provided that the necessary approvals are granted by the financial authorities. The decision is not trivial, and it reflects the organization's intent to elevate its custodial services through collaboration with Jyske Bank A/S, a respected institution in the banking sector.
Contact for Inquiries
For any questions regarding this announcement, individuals are encouraged to reach out directly via phone at 38 14 66 00. Choosing the right custodial partner is crucial for the ongoing success of investment funds, and this change is poised to enhance future opportunities for the fund's stakeholders.
Frequently Asked Questions
What prompted the change to Jyske Bank A/S?
The change aims to improve custodial services, aligning with compliance and operational efficiency.
What services is Jyske Bank A/S expected to provide?
Jyske Bank A/S will take on the roles of custodial service provider, market maker, and certificate issuer.
When will the transition to Jyske Bank A/S occur?
The transition is expected to be implemented on or around June 20, 2025, pending regulatory approvals.
Who can I contact for more information?
For inquiries, you can contact Niels Erik Eberhard at phone number 38 14 66 00.
How will this change impact fund stakeholders?
This shift aims to streamline operations, potentially providing better service and stability for stakeholders involved with the fund.
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