The Danish Financial Supervisory Authority (DFSA) has ordered unrated Danish provider Gefion not to increase its volumes of business.
In a statement, the regulator wrote: “Due to the company’s solvency situation, the Danish Financial Supervisory Authority ordered the company not to expand its business volume.”
The decision followed on-site inspections by the DFSA. The regulator said it reviewed Gefion’s business models, solvency, capital, capital plan and management system.
It concluded that
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