Norway's Ministry of Finance has launched a consultation on a Norwegian Financial Supervisory Authority (Finanstilsynet) proposal to introduce administrative infringement fines for breaches of the insider trading prohibition. Under current law, insider trading violations are only punishable through criminal sanctions such as fines or imprisonment. The proposal would add administrative fines as an alternative to criminal punishment, with Finanstilsynet arguing this would better support effective enforcement, while excluding the most serious insider trading cases with major consequences for the individual. The consultation follows a mandate from the Ministry of Finance dated 4 November 2024, builds on an initiative from Finanstilsynet, and has received support from Økokrim. The deadline for responses is 17 September 2025.

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