[citation needed] In January 1990, the Supervisory Authority for Mortgage Credit Institutions was transferred to Finanstilsyne from the Danish Housing Agency.

[citation needed] It is responsible for regulation, supervision and collecting statistics of financial participants.

[citation needed] These include; banks, stock exchanges, securities and money market brokers, clearing and registration organizations, insurance companies, pension funds, insurance brokers, investment companies and investment associations.

[citation needed] Its stated aims are to:[1] Finanstilsynet is run by an executive management team that report to the minister of Economic and business affairs.

[citation needed] Finanstilsynet is a member of the European Securities and Markets Authority (ESMA), which is actively contributing to the harmonisation of financial regulation in Europe.