All posts in Capital Markets
Violation of the rules on notifiable trades – Chairman of the Board of Directors of Oslo Børs resigns
The Chairman of the Board of Directors of Oslo Børs VPS Holding ASA and Oslo Børs ASA , Leif Askvig, resigned 27 January with immediate effect from his positions as Chairman in the said entities, due to violation of the rules on notifiable trades.
According to a press release today from the Ministry of Trade, Industry and Fisheries, the Ministry has decided to commence a privatisation process of Entra. It has been decided that the privatisation can take place without properties being separated out from Entra.
With effect from 9 December, Oslo Børs calculates NIBOR rates for Finance Norway.
On 14 October, the Ministry of Finance excluded five more companies from the Government Pension Fund Global’s investment universe. The Ministry further requested Norges Bank to follow up another three companies in the active ownership activities.
On 16 October, Norges Bank Investment Management (NBIM) published a discussion note on high frequency trading. According to NBIM, the purpose is to shed light on this wide-ranging topic from an asset manager’s perspective. The discussion note can be read by clicking here.
Norwegian politics take a turn to the right with new rightwing coalition government – new possibilities for many market players
On October 16, Norway’s Conservative Party leader Erna Solberg and Progress Party leader Siv Jensen presented a new minority goverment after winning the September 9 election with support from allies in the Parliament. The government took office on 12 noon October 16, with Solberg as Prime Minister and Jensen as new Minister of Finance. The coalition has presented a 75-page platform revealing how it plans to rule Norway over the next four years. Some highlights of particular interest for foreign market players are presented below.
At its meeting 9 October, the Oslo Stock Exchange Appeals Committee confirmed the Board of Oslo Børs´fine against IGE Resources AB, imposed on 29 August.
Earlier this year, the Norwegian Parliament passed a resolution to amend the Norwegian company law, which came into effect from 1 July 2013. The main purpose of the changes was to simplify the legislation for companies with limited liability, thereby making it easier to conduct businesses in Norway.