Norway’s financial infrastructure remains resilient, but rising cyber threats, third-party dependencies, and operational risks are rapidly changing the landscape.
Finanstilsynet Norway
With approximately 9,000 firms under supervision, cyber risks, investor protection, and crisis preparedness dominate.
Charges have been brought for violations of Norway’s Securities Act and the Criminal Code.
The investment firm may provide these services without a separate CASP authorization.
Similarly to the Nordic countries, the rise in complaints is a result of a wave of fraudulent activities.
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.
According to the Norwegian regulator a reference swap rate was intentionally driven higher at the time of pricing in order to produce higher trading profits.
A first port of call for firms wishing to do financial services business in Norway. This guide covers regulation, compliance and best practice.