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The Financial Engagement Letter is a crucial document used in the Danish financial services sector to formalize the relationship between financial service providers and their clients. It serves as the primary document defining the scope of services, fee arrangements, and mutual obligations while ensuring compliance with Danish financial regulations, including the Financial Business Act, Anti-Money Laundering Act, and GDPR requirements. This document is typically used when commencing any new financial advisory, investment management, or similar financial service relationship. The Financial Engagement Letter must incorporate specific regulatory disclosures required by Danish financial authorities and should reflect current market practices in the Danish financial sector. It's essential for risk management, regulatory compliance, and establishing clear expectations between parties.

1. Letterhead and Date: Professional letterhead including firm details, address, and date of the letter

2. Client Information: Full name and address of the client being addressed

3. Introduction: Brief introduction confirming the engagement and thanking the client for choosing the firm

4. Scope of Services: Detailed description of the financial services to be provided, including any specific limitations

5. Professional Fees: Clear outline of fee structure, billing arrangements, and payment terms

6. Team and Resources: Key team members who will be involved and their roles

7. Client Responsibilities: Clear outline of what is expected from the client, including information provision

8. Confidentiality: Commitment to maintaining confidentiality and handling sensitive information

9. Regulatory Disclosures: Required disclosures under Danish financial regulations

10. Duration and Termination: Terms regarding the duration of the engagement and termination provisions

11. Acceptance: Instructions for accepting the engagement and returning signed copies