News
News
3 June 2019
Alpha Blue Ocean Advisors Ltd. has infringed the notification requirement of net short positions under section 3-14 of the Norwegian Securities Trading Act, which implements Short Selling Regulation (EU) No 236/2012 as Norwegian law. Finanstilsynet has imposed a violation penalty of NOK 4,000,000.
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News
4 April 2019
The UK will become a third country in relation to EU-rules if it withdraws from the EU without a deal ("hard Brexit" or "no-deal Brexit"). Fund management companies based in third countries are not eligible for the notification regime (passporting) for marketing, as set out in the UCITS and AIFMD directives. Marketing of funds associated with third countries in Norway requires authorisation from Finanstilsynet.
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Press release
27 February 2019
Finanstilsynet has adopted a strategy for the period 2019-2022. The strategy formulates goals for the authority’s operations and provides direction during the strategy period, and is therefore an important basis for ongoing prioritisation and management of the authority’s activities.
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News
15 February 2019
Sections 5-2 and 5-5 of the Norwegian Financial Institutions Act regulate the process to be followed by institutions in an EEA member state wishing to operate in Norway. After Brexit, the operations of UK financial institutions in Norway will no longer be regulated by Sections 5-2 or 5-5 of the Financial Institutions Act.
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News
15 February 2019
Sections 4-2 and 4-3 of the Norwegian Financial Institutions Act regulate the process to be followed by Norwegian institutions wishing to operate in another EEA member state. After Brexit, the operations of Norwegian financial institutions in the United Kingdom will no longer be regulated by Sections 4-2 and 4-3 of the Financial Institutions Act.
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