Norwegian financial institutions with operations in the United Kingdom
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.
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.