All posts in Financial Market Regulations

stockexchange_BW

Oslo Børs now calculates NIBOR rates

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

shutterstock_70165507[1]_global businessmen

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.

stockexchange_BW

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.

Stortinget_shutterstock_27987641BW

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.

Nibor Fixing

Implementation of FATCA in Norway

On 14 October 2013, the Norwegian government proposed new legislation to implement FATCA in Norway. Provided compliance with the proposed legislation, Norwegian financial institutions will be considered to comply with FATCA.

bank

The Ministry of Finance suggests the establishment of a public debt register

On 27 September, the Ministry of Finance suggested to establish a Norwegian public debt register. The purpose is to prevent debt problems among indivudual borrowers in Norway.

Old

The Ministry of Finance introduces a new collective retirement pension product for the private sector

On 4 October, the Ministry of Finance presented a draft Bill with a new collective tax favourable retirement pension product for the private sector. The new product will be a third alternative to the two other (main) types of tax favourable occupational pension schemes that can be established under Norwegian law.

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.