Norway's Department of Finance has asked the Financial Supervisory Authority of Norway (Finanstilsynet) to assess how Norway should implement expected European Economic Area rules corresponding to forthcoming amendments to the Solvency II Directive and the IRRD, including a new crisis management framework for insurance undertakings. The mandate also requests an evaluation of potential changes to Chapter 15 of the Financial Institutions Act and related regulations, in light of earlier input and expected amendments to the Solvency II Regulation (EU) 2015/35.
Department of Finance (Norway) 2025-09-17
Norway's Department of Finance tasks Finanstilsynet with assessing implementation of Solvency II amendments and new insurer crisis management rules
Norway's Department of Finance has tasked the Financial Supervisory Authority of Norway with evaluating the implementation of anticipated European Economic Area rules related to amendments to the Solvency II Directive and the Insurance Recovery and Resolution Directive (IRRD), including a new crisis management framework for insurance undertakings. The mandate also involves reviewing potential changes to Chapter 15 of the Financial Institutions Act and related regulations.