Norway's Ministry of Finance has presented a legislative proposal to amend the Bookkeeping Act and several other financial-market laws, with the main change making digital bookkeeping and e-invoicing mandatory for entities subject to Norwegian bookkeeping obligations. The proposal would require such entities to send e-invoices from 1 January 2027 and to use an electronic accounting system, including receiving e-invoices, from 1 January 2030. Detailed rules such as invoice format and exemptions would be set in secondary regulation, and the socio-economic benefit is estimated at around NOK 10bn over 20 years. The package also includes changes to allow tacit shareholder consent to electronic communication from issuers subject to approval by the general meeting, tighter qualification requirements for accountants with third-country credentials and a clarification of practical experience requirements, adjustments to the Financial Supervision Act related to any Finanstilsynet tasks under the Security Act and to clarify the appeal body by regulation where uncertain, and minor amendments to the DORA Act to enable extending the DORA Regulation to the Norwegian Natural Perils Pool and to allow regulations enabling Norges Bank to charge certain firms a fee for advanced cyber resilience testing (TLPT). Issuers that want to rely on tacit consent for electronic shareholder communications are encouraged to prepare a general meeting resolution in spring general meetings pending the entry into force of the amendment.

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