All posts in Capital Markets

OsloStockExchange_BW

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.

 

Financial District

Entra moving towards an IPO

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.

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Oslo Børs now calculates NIBOR rates

With effect from 9 December, Oslo Børs calculates NIBOR rates for Finance Norway.

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Exclusion of five more companies from the Government Pension Fund Global’s investment universe

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.

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NBIM Discussion Note on High Frequency Trading

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.

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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.

OsloStockExchange_BW

Oslo Stock Exchange Appeals Committee confirmed fine against IGE Resources AB

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.

AIFMD

Recent Simplifications in Norwegian Company Law

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.