Cross-border activities

Cross-border activities can be conducted either from the home state or through the establishment of a branch in the host state. The latter alternative is a more permanent solution, using own employees. Payment institutions and investment firms also have the opportunity to use agents. Agents used by payment institutions provide payment services on behalf of the institution. Tied agents used by investment firms can only provide a limited range of services on behalf of the firm.

Norwegian financial institutions’ activities abroad are regulated by chapter 4 of the Financial Institutions Act and chapter 4 of the Financial Institutions Regulations. Foreign financial institutions’ activities in Norway are regulated by chapter 5 of the Financial Institutions Act and chapter 5 of the Financial Institutions Regulations. Norwegian investment firms' activities abroad are regulated by sections 9-32 and 9-33 of the Securities Trading Act and Section 9-39 of the Securities Trading Regulations. Foreign investment firms’ activities in Norway are regulated by sections 9-34 to 9-37 of the Securities Trading Act.