Norway's Ministry of Finance has adopted amendments to Chapter 20 of the Financial Undertakings Regulation, making technical changes to the framework for preparedness and crisis management in financial institutions. The amendments move additional provisions corresponding to Directive 2014/59/EU (the Bank Recovery and Resolution Directive, BRRD) from guidance and similar materials issued by the Financial Supervisory Authority of Norway into the regulation itself. The changes follow a consultation paper from the Financial Supervisory Authority of Norway that was open for comments until 31 March 2025 and enter into force immediately.
Department of Finance (Norway) 2025-08-29
Norway's Ministry of Finance amends Financial Undertakings Regulation to place more BRRD crisis management provisions into binding rules
Norway's Ministry of Finance has amended Chapter 20 of the Financial Undertakings Regulation to incorporate provisions from Directive 2014/59/EU (Bank Recovery and Resolution Directive) into the regulation. These technical changes enhance the framework for preparedness and crisis management in financial institutions. The amendments are effective immediately.