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Norwegian financial institutions with operations in the United Kingdom

Norwegian financial institutions with operations in the United Kingdom

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Published: 15 February 2019
Last updated: 11 February 2020

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. 

Related

  • Brexit – operations in Norway after the end of the transition period
  • Marketing of funds in Norway in case of a "no-deal Brexit"
  • Brexit – legal consequences for audit firms
  • UK financial institutions with operations in Norway

Establishments outside the EEA are regulated by Section 4-4 of the Financial Institutions Act. Such establishments are subject to approval by both the Norwegian and the UK supervisory authorities.

Transitional or special rules may be introduced for the operations of financial institutions in the United Kingdom, but have not yet been adopted.

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