Financial Supervisory Authority of Norway fines AKRBP primary insider NOK 50,000 for late transaction reporting

The Financial Supervisory Authority of Norway imposed a NOK 50,000 administrative fine on an AKRBP primary insider for breaching the transaction notification requirement under Article 19 of the Market Abuse Regulation. Four purchases and sales conducted on March 2 and March 9, 2026 exceeded the EUR 5,000 annual reporting threshold but were not reported to the authority and the market until March 30, nearly four weeks after the trades and beyond the three-day deadline. The authority found that the insider acted negligently by misunderstanding the application of the reporting requirement to same-day purchases and sales, noting that AKRBP had provided information about the relevant obligations. In setting the fine, it considered the size of the trades and length of the delay, while treating as mitigating the fact that equal numbers of shares were bought and sold on each date, leaving the insider’s exposure largely unchanged at market close and limiting the information withheld from the market.