Norway's Ministry of Finance has submitted a bill proposing a new, consolidated legal framework for crowdfunding of business activity, implementing the EU Crowdfunding Regulation into Norwegian law. The proposal would regulate both lending-based and investment-based crowdfunding, requiring providers of crowdfunding services to be licensed and to meet operational and conduct requirements. It also sets extensive investor protection rules, including requirements to provide investors with clear risk information and to assess whether investments are appropriate for the individual investor. Crowdfunding platforms would remain subject to supervision by the Financial Supervisory Authority of Norway (Finanstilsynet), and the bill aims to align Norwegian providers with a harmonised EU/EEA framework so they can operate on comparable terms across the internal market. The proposition also asks the Storting to consent to the incorporation of the EU Crowdfunding Regulation into the EEA Agreement, following its inclusion in the EEA Agreement on 2 February 2024 subject to parliamentary approval.
Department of Finance (Norway) 2025-09-26
Norway's Ministry of Finance proposes new business crowdfunding law to implement the EU Crowdfunding Regulation
Norway's Ministry of Finance has proposed a bill to integrate the EU Crowdfunding Regulation into Norwegian law, establishing a unified legal framework for crowdfunding. The bill mandates licensing and operational standards for crowdfunding service providers and introduces investor protection measures. It also seeks parliamentary consent to incorporate the regulation into the EEA Agreement, aligning Norwegian platforms with EU/EEA standards.