Norway's Department of Finance has published a consultation paper proposing amendments to Norway’s fund legislation and regulations to implement expected European Economic Area obligations aligned with Directive (EU) 2024/927 (AIFMD 2.0), alongside additional targeted updates to the domestic fund rulebook. The proposals were drafted by the Financial Supervisory Authority of Norway (Finanstilsynet) at the Ministry’s request. The package reflects the EU amendments to the AIFM and UCITS Directives and would introduce expanded and, in some areas, new provisions on the availability and use of liquidity management tools, enhanced investor information and regulatory reporting, outsourcing arrangements and depositaries, and a broadened scope of permitted activities including rules for loan origination through alternative investment funds. The Ministry noted that the directive has applied in the EU since 15 April 2024, with an implementation deadline of 16 April 2026 for EU Member States, and that EEA incorporation work is ongoing in parallel with national implementation. Comments are due by 9 January 2026.
Department of Finance (Norway) 2025-10-08
Norway's Department of Finance launches consultation on AIFMD 2.0 implementation and wider fund rule changes
Norway's Department of Finance released a consultation paper proposing amendments to fund legislation to align with Directive (EU) 2024/927 (AIFMD 2.0) and update domestic regulations. Drafted by the Financial Supervisory Authority of Norway, the proposals include expanded provisions on liquidity management, investor information, outsourcing, and loan origination through alternative investment funds. The directive has been effective in the EU since April 2024, with EEA incorporation underway alongside national implementation.