Norway's Ministry of Finance has opened three consultations on proposed legislative changes covering securities market rules, the national framework for EEA financial supervision, and recovery and resolution for central counterparties. The securities market consultation covers proposed amendments to the Securities Trading Act based on the MiFID II and MiFIR review, aimed at improving investors’ access to information by easing access to market data needed to invest in shares and bonds while strengthening market infrastructure. Separate consultation proposals from the Financial Supervisory Authority of Norway address changes to the legislation on EEA financial supervision to implement expected EEA obligations corresponding to Regulation (EU) 2019/2175 on the European supervisory authorities, alongside related changes to other instruments governing the EU supervisors’ roles and tasks. A further Financial Supervisory Authority consultation sets out changes to Norwegian law to implement expected EEA obligations corresponding to Regulation (EU) 2021/23 (EMIR CCPRR), intended to preserve central counterparties’ critical functions, maintain financial stability and reduce the costs of crisis management. The deadline for comments across all three consultations is 26 May 2025.
Department of Finance (Norway) 2025-02-26
Norway's Ministry of Finance launches consultations on MiFID II and MiFIR review changes and EEA rules for financial supervision and CCP crisis management
Norway's Ministry of Finance has launched consultations on changes to securities market rules, EEA financial supervision, and central counterparties' recovery and resolution. Proposed amendments to the Securities Trading Act aim to enhance investor access to market data, while changes to EEA financial supervision and central counterparties' regulations align with EU obligations. These initiatives seek to strengthen market infrastructure, preserve critical functions, and maintain financial stability.