NewsNews articles published by Finanstilsynet.https://www.finanstilsynet.no/2024-03-04T09:00:17Zhttps://www.finanstilsynet.no/en/news-archive/news/2024/changes-in-finanstilsynets-organisation/Changes in Finanstilsynet's organisationFinanstilsynet has today adjusted its organisational structure.
A major change is that the former Digitalisation and Analysis department has been divided in two: Risk Surveillance and Macroeconomic Supervision and Digitalisation and Reporting. In addition, some functions have been moved between sections and departments.2024-03-04T09:00:17Z2024-03-04T09:00:17Zhttps://www.finanstilsynet.no/en/news-archive/news/2024/risk-outlook--december-2023---full-report/Risk Outlook – December 2023 - full reportThe full report is now available in English. Please note that the cut-off date was 6 December 2023.2024-01-11T13:20:01Z2024-01-11T13:20:01Zhttps://www.finanstilsynet.no/en/news-archive/news/2023/private-placements-and-equal-treatment-of-shareholders/Private placements and equal treatment of shareholdersIn 2023, Finanstilsynet has carried out thematic reviews of the largest investment firms and Oslo Børs. Finanstilsynet has also looked into how some issuers handle inside information in connection with the implementation of private placements.2023-12-19T12:35:18Z2023-12-19T12:35:18Zhttps://www.finanstilsynet.no/en/news-archive/news/2023/risk-outlook--december-2023/Risk Outlook – December 2023Owing to many years of low interest rates and ample access to credit, the debt burden of households and non-financial corporations has increased both in Norway and internationally, as has the debt burden of central and local government in a number of countries. This has resulted in vulnerabilities in the economies and a greater risk of financial instability.2023-12-07T09:15:15Z2023-12-07T09:15:15Zhttps://www.finanstilsynet.no/en/news-archive/news/2023/reminder-notification-threshold-for-shares-lowered-to-01-from-1-august-2023/Reminder: Notification threshold for shares lowered to 0.1% from 1 August 2023Finanstilsynet issues a reminder for market participants that Delegated Commission Regulation (EU) 2022/27, which lowers the threshold for reporting net short positions in shares from 0.2% to 0.1%, was incorporated into Norwegian law with effect from 1 August 2023.2023-09-25T09:42:30Z2023-09-25T09:42:30Zhttps://www.finanstilsynet.no/en/news-archive/news/2023/cross-border-activity-by-investment-firms-in-third-countries/Cross-border activity by investment firms in third countriesThe Ministry of Finance has amended the Securities Trading Regulations by adding a new Section 9-39 a. The new provision entitles, under certain terms and conditions, undertakings with their head office outside the EEA to provide investment services and perform investment activities in relation to Norwegian eligible counterparties and the Norwegian Banks' Guarantee Fund without a Norwegian authorisation. The amendment has entered into force.2023-09-13T13:46:25Z2023-09-13T13:46:25Zhttps://www.finanstilsynet.no/en/news-archive/news/2023/risk-outlook--june-2023---full-report/Risk Outlook – June 2023 - full reportThe full report is now available in English. Please note that the cut-off date was 7 June 2023.2023-07-06T13:49:35Z2023-07-06T13:49:35Zhttps://www.finanstilsynet.no/en/news-archive/news/2023/notification-threshold-for-shares-lowered-to-01-from-1-august-2023/Notification threshold for shares lowered to 0,1% from 1 August 2023Commission Delegated Regulation (EU) 2022/27, which lowers the notification threshold of net short positions in shares from 0,2% to 0,1%, will be incorporated into Norwegian law with effect from 1 August 2023.2023-07-05T10:15:54Z2023-07-05T10:15:54Zhttps://www.finanstilsynet.no/en/news-archive/news/2023/violation-penalty-imposed-on-six-investors-for-uncovered-short-selling-in-the-flyr-placement/Violation penalty imposed on six investors for uncovered short selling in the Flyr placementFinanstilsynet has imposed violation penalties on six investors for breaching the rules on uncovered short selling. The violations occurred after the investors had been allocated shares in the private placement in Flyr AS in November 2022. The penalties are between NOK 50,000 and NOK 5,000,000.2023-05-15T06:00:19Z2023-05-15T06:00:19Zhttps://www.finanstilsynet.no/en/news-archive/news/2023/new-director-general-of-finanstilsynet/New Director General of Finanstilsynet from 15 August 2023Per Mathis Kongsrud has today been appointed by the Council of State to the position of Director General of Finanstilsynet for a six-year term.2023-04-14T10:10:20Z2023-04-14T10:10:20Zhttps://www.finanstilsynet.no/en/news-archive/news/2023/reports-from-the-supervised-sectors-for-2022/Reports from the supervised sectors for 2022Finanstilsynet’s reports from the supervised sectors provide an overview of important supervisory, licensing and regulatory matters in 2022, as well as relevant development trends.2023-04-03T11:45:27Z2023-04-03T11:45:27Zhttps://www.finanstilsynet.no/en/news-archive/news/2023/information-on-climate-related-matters-in-annual-financial-reports/Information on climate-related matters in annual financial reportsThe full report is now available in English. Please note that the cut-off date was 15 December 2022.2023-03-20T11:44:12Z2023-03-20T11:44:12Zhttps://www.finanstilsynet.no/en/news-archive/news/2023/risk-outlook--december-2022---full-report/Risk Outlook – December 2022 - full reportThe full report is now available in English. Please note that the cut-off date was 7 December 2022.2023-01-09T15:54:14Z2023-01-09T15:56:18Zhttps://www.finanstilsynet.no/en/news-archive/news/2022/review-of-listed-companies-financial-reporting-in-2021/Review of listed companies’ financial reporting in 2022In the report, Finanstilsynet provides information about completed review activities related to financial reporting and Finanstilsynet’s prioritised areas in the review of annual financial reports for 2022.2022-12-21T09:11:19Z2022-12-21T09:11:19Zhttps://www.finanstilsynet.no/en/news-archive/news/2022/the-european-banking-authority-eba-has-assessed-norwegian-capital-instruments/The European Banking Authority (EBA) has assessed Norwegian capital instrumentsFinanstilsynet has today sent a letter to the Ministry of Finance regarding EBA's assessment of Norwegian shares, equity certificates and members’ contributions in credit associations.2022-12-19T09:06:26Z2022-12-19T09:06:26Zhttps://www.finanstilsynet.no/en/news-archive/news/2022/priips-and-key-information-on-mutual-funds/PRIIPs and key information on mutual fundsRegulation (EU) No 1286/2014 of the European Parliament and of the Council (‘PRIIPs Regulation) regulates key information documents for packaged retail and insurance-based investment products (PRIIPs). Manufacturers of such products shall prepare key information in a standardised document in order to give retail investors access to important information about the product prior to concluding a contract. Regulation (EU) 2017/653 and Regulation (EU) 2021/2268 lay down supplementary requirements for the content of the key information.2022-11-11T09:30:16Z2022-11-11T09:30:16Zhttps://www.finanstilsynet.no/en/news-archive/news/2022/identical-letter-to-all-companies-on-oslo-bors-regarding-deficiencies-in-esef-reporting/Identical letter to all companies on Oslo Børs regarding deficiencies in ESEF reportingFinanstilsynet has sent a general and identical letter to all companies listed on the regulated market on Oslo Børs concerning the results of a review related to the common electronic reporting format (ESEF) and the disclosure and storage of annual reports and audit reports for 2021.2022-09-29T13:54:35Z2022-09-29T13:54:35Zhttps://www.finanstilsynet.no/en/news-archive/news/2022/amendments-to-eus-transparency-directive-are-implemented-in-norway/Amendments to EUs Transparency Directive are implemented in NorwayAs of 1 September 2022 Directive 2013/50/EU which amends Directive 2004/109/EF (Transparency Directive) enters into force under Norwegian law. The amendments relate to provisions which regulate notifications of major shareholdings in shares listed on a regulated market (Oslo Børs and Euronext Expand).2022-08-31T13:04:36Z2022-08-31T13:04:36Zhttps://www.finanstilsynet.no/en/news-archive/news/2022/risk-outlook--june-2022/Risk Outlook – June 2022 - full reportThe full report is now available in English. Please note that the cut-off date was 7 June 2022.2022-07-07T12:05:04Z2022-07-07T12:16:15Zhttps://www.finanstilsynet.no/en/news-archive/news/2022/new-guidance-to-third-country-issuers-on-periodic-financial-reporting/New guidance to third country issuers on periodic financial reportingThe guidance provides information to third country issuers on periodic financial reporting. It replaces circular 10/2011, which is no longer in force.2022-07-06T09:19:05Z2022-07-06T09:19:05Zhttps://www.finanstilsynet.no/en/news-archive/news/2022/reports-from-the-supervised-sectors-for-2021/Reports from the supervised sectors for 2021Finanstilsynet’s reports from the supervised sectors provide an overview of important supervisory, licensing and regulatory matters in 2021, as well as relevant development trends.2022-03-31T20:26:10Z2022-04-06T15:58:18Zhttps://www.finanstilsynet.no/en/news-archive/news/2022/warns-against-investment-offer-andelex/Finanstilsynet (The Financial Supervisory Authority of Norway) warns against investment offers promoted by AndelexAndelex is not authorised to provide investment services in Norway.2022-03-29T13:19:40Z2022-03-29T13:19:40Zhttps://www.finanstilsynet.no/en/news-archive/news/2022/sanctions-against-russia-incorporated-into-norwegian-law/Sanctions against Russia incorporated into Norwegian lawIn response to Russia's illegal attack on Ukraine, the Norwegian government has today imposed extensive sanctions. Finanstilsynet asks all supervised institutions to ensure that they have good procedures and systems in place to ensure compliance with the regulations.2022-03-18T14:14:23Z2022-03-18T14:14:23Zhttps://www.finanstilsynet.no/en/news-archive/news/2018/updated-guidance-to-the-asset-freeze-provisions/Updated guidance to the asset freeze provisionsThe Ministry of Foreign Affairs and Finanstilsynet have updated the guidance to the asset freeze provisions. The updated version was made available in April 2018. The original guidance was published in June 2016 and is intended to make it easier to understand the financial sanctions to be observed by Norwegian market players.2022-03-18T14:13:06Z2022-03-18T14:13:06Zhttps://www.finanstilsynet.no/en/news-archive/news/2022/updated-information-on-nominee-registration/Updated information on nominee registrationThe new Act on Central Securities Depositories and the Central Securities Depositories Regulation (CSDR) enter into force on 1 March 2022 for Norwegian market players. In this connection, Finanstilsynet has published updated information on requirements for approval to act as nominee and requirements for approved rules on legal rights.2022-02-28T15:40:15Z2022-02-28T21:23:47Zhttps://www.finanstilsynet.no/en/news-archive/news/2022/control-of-prospectuses-in-2021/Control of prospectuses in 2021Finanstilsynet reports its observations from the control of prospectuses and enquiries to Finanstilsynet concerning prospectuses in 2021.2022-02-14T16:00:35Z2022-02-14T16:00:35Zhttps://www.finanstilsynet.no/en/news-archive/news/2022/report-on-thematic-inspection--euronext-growth/Report on thematic inspection – Euronext GrowthA large number of companies with a short history and no or very low revenues have been admitted to trading on Euronext Growth. Investments in such companies involve considerable risk. Finanstilsynet has therefore carried out an inspection of Oslo Børs' process for admission to this marketplace, investment firms that have assisted the companies as advisors and managers, and auditors who audit the financial statements of the companies admitted to trading.2022-01-28T08:20:04Z2022-01-28T08:20:32Zhttps://www.finanstilsynet.no/en/news-archive/news/2022/risk-outlook---december-2021/Risk Outlook - December 2021The full report is now available in English. Please note that the cut-off date was 1 December 2021.2022-01-14T13:37:20Z2022-01-14T13:37:20Zhttps://www.finanstilsynet.no/en/news-archive/news/2021/finfluencers-and-consumer-protection/Finfluencers and consumer protectionArticle written by consumer coordinator Jo Gjedrem. Published in Dagens Næringsliv on 19 August 2021.2022-01-13T09:45:11Z2022-01-13T09:45:11Zhttps://www.finanstilsynet.no/en/news-archive/news/2021/review-of-listed-companies-financial-reporting-in-2021/Review of listed companies’ financial reporting in 2021In the report, Finanstilsynet provides information about completed review activities related to financial reporting and Finanstilsynet’s prioritised areas in the review of annual financial reports for 2021.2021-12-21T18:14:13Z2021-12-21T18:21:58Zhttps://www.finanstilsynet.no/en/news-archive/press-releases/2021/improved-profitability-in-norwegian-financial-institutions-after-the-first-three-quarters-of-2021/Improved profitability in Norwegian financial institutions after the first three quarters of 2021After the first three quarters of 2021, both banks and insurers show a better performance than in the corresponding period of 2020. For the banks, lower loan losses were the main factor behind the rise in profits. For the insurers, the stock market upturn helped to raise investment income. Non-life insurers also recorded an increase in profits from insurance business.2021-11-29T12:41:37Z2021-11-29T12:41:37Zhttps://www.finanstilsynet.no/en/news-archive/news/2021/requirement-for-electronic-reporting-format-for-listed-companies-esef/Requirement for electronic reporting format for listed companies (ESEF)ESEF (European Single Electronic Format) is a new electronic reporting format for listed companies on regulated markets, aiming to harmonise issuers’ reporting obligations. Use of the format will be mandatory for annual reports for financial years beginning on or after 1 January 2021.2021-08-31T14:00:09Z2021-08-31T14:00:09Zhttps://www.finanstilsynet.no/en/news-archive/news/2021/warns-against-investment-offers/Finanstilsynet (the Financial Supervisory Authority of Norway) warns against investment offers promoted by Alkon Financial Consultancy Group Pte. Ltd. (Alkon Financial Group)Alkon Financial Group is not authorised to provide investment services in Norway.2021-08-27T12:31:33Z2021-08-27T12:31:33Zhttps://www.finanstilsynet.no/en/news-archive/news/2021/risk-outlook-june-2021/Risk Outlook - June 2021The full report is now available in English. Please note that the cut-off date was 1 June 2021.2021-07-09T09:39:37Z2021-07-09T09:39:37Zhttps://www.finanstilsynet.no/en/news-archive/news/2021/responsibility-for-supervising-that-private-employers-establish-a-pension-scheme-in-accordance-with/Responsibility for supervising that private employers establish a pension scheme in accordance with the Act on Mandatory Occupational Pensions (OTP) was transferred from Finanstilsynet to the Norwegian Tax Administration on 1 June 2021As from 1 June 2021, the Norwegian Tax Administration will determine whether an enterprise is s covered by the Act on Mandatory Occupational Pensions and may require employers to establish a pension scheme for their employees. As from the same date, the Norwegian Tax Administration will have the opportunity to charge coercive fines it the employer does not fulfilled the obligation to establish a pension scheme.2021-06-01T00:00:00Z2021-09-01T12:48:48Zhttps://www.finanstilsynet.no/en/news-archive/news/2021/reports-from-the-supervised-sectors-for-2020/Reports from the supervised sectors for 2020Finanstilsynet’s reports from the supervised sectors provide an overview of important supervisory, licensing and regulatory matters in 2020.2021-04-07T10:30:52Z2021-04-07T10:30:52Zhttps://www.finanstilsynet.no/en/news-archive/news/2021/mifid-ii-position-limit-regime/MiFID II position limit regimeThe EU has recently adopted amendments to the position limit regime for commodity derivatives in Directive 2014/65/EU (MiFID II), which in Norway has been implemented in Chapter 15 of the Securities Trading Act. The European Securities and Markets Authority (ESMA) has issued a statement on the consequences these changes should have for the supervisory follow-up of the commodity derivatives markets in the EU until they have been implemented in national law.2021-03-26T14:21:40Z2021-03-26T14:21:40Zhttps://www.finanstilsynet.no/en/news-archive/news/2021/short-sale-reporting-threshold-for-net-short-positions-reset-at-0.2Short sale: Reporting threshold for net short positions reset at 0.2%EEA-wide decision to temporarily lowering the threshold for reporting net short positions to Finanstilsynet (The Financial Supervisory Authority of Norway) to 0.1 % is due to expire on 19 March 2021. After this date, the 0.2% reporting threshold of the Short Selling Regulation will apply.2021-03-18T11:27:19Z2021-03-18T11:27:19Zhttps://www.finanstilsynet.no/en/news-archive/news/2021/guide-to-reporting-from-entities-subject-to-financial-reporting-oversight-krt-1003/Guide to Reporting from entities subject to financial reporting oversight (KRT-1003)Reporting from entities subject to financial reporting oversight (KRT-1003) must be completed by all entities listed on Oslo Børs/Euronext Expand (Oslo Axess) that issue shares, bonds and/or equity certificates, and that have Norway as their home state.2021-02-03T07:00:18Z2021-02-03T07:00:18Zhttps://www.finanstilsynet.no/en/news-archive/news/2021/banks-should-apply-conservative-distribution-policies-in-the-period-ahead/Banks should apply conservative distribution policies in the period aheadThe Ministry of Finance has now given its assessment of how the recommendation issued by the European Systemic Risk Board (ESRB) on dividend distributions should be pursued in Norway.2021-01-20T17:21:45Z2021-01-20T17:21:45Zhttps://www.finanstilsynet.no/en/news-archive/news/2021/risk-outlook-december-2020/Risk Outlook December 2020The full report is now available in English. Please note that the cut-off date was 1 December 2020.2021-01-20T06:00:10Z2021-01-20T06:00:10Zhttps://www.finanstilsynet.no/en/news-archive/news/2020/oppfolging-av-esrbs-anbefaling-om-utbytterestriksjoner-mv/Follow-up of the ESRB's recommendation on restrictions on dividend distributions, etc.In a letter to the Ministry of Finance on 21 December, Finanstilsynet has given its assessment of how the recommendation should be followed up in Norway.2020-12-21T17:00:20Z2020-12-21T17:00:20Zhttps://www.finanstilsynet.no/en/news-archive/news/2020/new-recommendations-from-the-european-supervisory-authorities-on-dividend-distributions-etc/New recommendations from the European Supervisory Authorities on dividend distributions etc.The European Systemic Risk Board (ESRB), the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) have made new recommendations on restrictions on dividends and other distributions from banks and insurers.2020-12-18T16:19:36Z2020-12-18T16:19:36Zhttps://www.finanstilsynet.no/en/news-archive/news/2020/short-sale-decision-by-the-efta-surveillance-authority-esa-and-the-european-securities-and-markets/Short sale: Decision by the EFTA Surveillance Authority (ESA) and the European Securities and Markets Authority (ESMA)EEA-wide decision to temporarily lowering the threshold for reporting net short positions to Finanstilsynet (The Financial Supervisory Authority of Norway) to 0.1 % - is further prolonged.2020-12-17T15:04:47Z2020-12-17T15:04:47Zhttps://www.finanstilsynet.no/en/news-archive/news/2020/review-of-listed-companies-financial-reporting-in-2020/Review of listed companies’ financial reporting in 2020The report for 2020 includes prioritised areas in Finanstilsynet’s review of listed companies’ annual financial statements for 2020.2020-12-08T12:02:15Z2020-12-08T12:02:15Zhttps://www.finanstilsynet.no/en/news-archive/news/2020/important-information-about-changes-to-the-aifmd-reporting-in-norway/Important information about changes to the AIFMD reporting in NorwayImportant information to all non-EEA alternative investment fund managers that have been granted authorization to market alternative investment funds in Norway (AIFM) and therefore have reporting obligations according to AIFMD to Finanstilsynet (the Financial Supervisory Authority of Norway).2020-11-27T15:16:53Z2020-11-27T15:16:53Zhttps://www.finanstilsynet.no/en/news-archive/news/2020/Brexit-Amendments--to-the-regulation-on-contract-continuity/Brexit: Amendments to the regulation on contract continuityThe Ministry of Finance has adopted amendments to the regulation on contract continuity.2020-11-25T14:29:20Z2020-12-14T13:56:27Zhttps://www.finanstilsynet.no/en/news-archive/news/2020/brexit-marketing-of-funds-in-norway-from-1st-january-2021-requires-authorisation/Brexit: Marketing of funds in Norway from 1st January 2021 requires authorisationCompanies wishing to market funds in Norway after 31st December 2020 must ensure that the necessary permit is available or cease the activity. Information about application process and possibility of continued marketing.2020-11-17T10:50:17Z2020-11-17T10:50:17Zhttps://www.finanstilsynet.no/en/news-archive/news/2020/thematic-inspection-recognition-of-credit-losses-according-to-ifrs-9/Thematic inspection: Recognition of credit losses according to IFRS 9In 2019, Finanstilsynet conducted a thematic inspection of the implementation of the requirements regarding credit losses in IFRS 9 Financial instruments in DNB Bank, SpareBank 1 SMN, Sparebanken Vest, Sparebanken Sør, Sparebanken Øst, Sandnes Sparebank, Helgeland Sparebank, Bank Norwegian and Komplett Bank.2020-11-05T12:28:39Z2020-11-05T12:28:39Zhttps://www.finanstilsynet.no/en/news-archive/news/2020/survey-of-listed-companies-sustainability-reporting/Survey of listed companies’ sustainability reportingFinanstilsynet has conducted a survey of listed companies' sustainability reporting. Sustainability and climate risk have been subject to increasing attention in recent years. Finanstilsynet's survey shows major shortcomings in current reporting practices.2020-11-03T19:08:34Z2020-11-03T19:08:34Z