Norway
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Arctic Securities employee arrested in an insider trading investigation
Charges have been brought for violations of Norway’s Securities Act and the Criminal Code.
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AK Jensen is Norway’s first crypto-asset service provider under MiCA
The investment firm may provide these services without a separate CASP authorization.
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Estonia considers a financial ombudsman as finserv complaints rise
Similarly to the Nordic countries, the rise in complaints is a result of a wave of fraudulent activities.
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Klarna reported to Norway’s Consumer Authority for marketing regulations failures
The company failed to declare actual cost of buying on credit.
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Nordic DPAs sign new joint collaborative agreement on data protection issues
This year’s discussion focused on AI in law enforcement, effective case management and handling of personal data incidents.
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New Act on Finanstilsynet provides the FSA with new responsibilities
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.
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Telenor fined NKr 4m for DPO scheme and internal controls failures
Datatilsynet in Norway found that Telenor contravened EU GDPR with multiple failures.
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Danske Bank fined NKr 50m for market manipulation
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.