Bekendtgørelse af lov om kommuners afståelse af vandselskaber | A20250124229 — Denmark law | Esheria

Bekendtgørelse af lov om kommuners afståelse af vandselskaber

Kommuner must register certain receipts and consideration connected to transfers of ownership interests in water utility-related businesses, and must report the prior year’s registrations to the Water Sector Authority by 1 September each year.

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Jurisdiction
Denmark
Instrument
Act or statute
Citation
A20250124229
Status
In force
Version
Undated source snapshot
Language
da
Updated
Official source
View official record ↗
asset transfers commencement corporate criminal liability deductions documentation entry into force fine for non-compliance fines information handling interest rate municipal deductions municipal reporting notification registration regulatory approvals related business activities reporting reporting obligations transition water utilities

Statute overview

About this statute

Kommuner must register certain receipts and consideration connected to transfers of ownership interests in water utility-related businesses, and must report the prior year’s registrations to the Water Sector Authority by 1 September each year. Rentesatsen fastsættes til Nationalbankens diskonto den 1. januar, and Vandsektortilsynet may require extra documentation if reported information is insufficient. This section lets municipalities deduct certain amounts when reporting, gives the regulator power to approve or set reported figures, requires annual notice to the ministry, and imposes a fine for failures to register, report, or use funds properly. This section allows fines to be set in rules made under § 9 and allows companies and other legal persons to be subject to criminal liability under chapter 5 of the Criminal Code. This section sets commencement dates and gives the minister power to set the start time for some changes. It also requires a municipality to notify Water Sector Surveillance if it owns a company that becomes a technical water company at commencement.