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New Act on Finanstilsynet provides the FSA with new responsibilities

Oslo cityscape and Norway flag on a Ferry from Akershus to Oslo.
Photo: Getty Images

The new Act has moved tasks from the Oslo Stock exchange to the Norwegian Financial Supervision Authority, and introduced a new responsibility for the DG.

The Director General of the Norwegian Financial Supervision Authority (Finanstilsynet) has been given overarching responsibility for its operations, set out in the new Act on Finanstilsynet.

A new Board of Directors, named the Financial Supervision Appeals Board, will also review and decide on individual supervisory and licensing affairs. The new