The legal basis for Danmarks Nationalbank was brought up to date and the Royal Charter of 1818 was replaced on April 7 by the Danmarks Nationalbank Act, whereby the bank was restructured from a limited liability company to an independent institution. The Act gave the government and the Rigsdag (Parliament) greater insight into the affairs of Danmarks Nationalbank. Danmarks Nationalbank was to be headed by a Board of Directors of 25 members, a Committee of Directors and a Board of Governors. Two members of the Board of Directors were to be appointed by the government and eight by the Rigsdag, while the Board of Directors itself appointed the remaining 15 members, who were to have an expert knowledge of trade. The Board of Governors was to have three members, the Chairman being Governor by Royal Appointment.
Danmarks Nationalbank Act of 1936 is still in force.
Danmarks Nationalbank Act
