The Financial Supervisory Authority of Norway will assume from Oslo Børs responsibility for supervising compliance with the continuous disclosure regime and delayed disclosure of inside information, oversight of share buybacks and stabilisation, and the role as takeover bid authority. The transfer takes effect from 1 April 2025. While the underlying rules are unchanged, the shift affects issuers because written notifications to the supervisory authority relating to delayed disclosure of inside information under the Market Abuse Regulation (MAR) must be submitted to the Financial Supervisory Authority of Norway rather than Oslo Børs, using Altinn. The existing duty under Oslo Børs’ issuer rules to notify the exchange when a decision is taken to delay disclosure will be repealed from 1 April 2025 and will not be continued by the Financial Supervisory Authority of Norway. The authority will also follow up and sanction breaches of the relevant requirements, including matters arising before 1 April 2025. An information note for issuers has been prepared and distributed by Oslo Børs, and the Financial Supervisory Authority of Norway will update its website on 1 April 2025 with further information on the new supervisory areas and relevant rules.
Norwegian Finanstilsynet 2025-03-21
The Financial Supervisory Authority of Norway takes over market abuse disclosure, buyback and stabilisation oversight and takeover bid authority from Oslo Børs from 1 April 2025
The Financial Supervisory Authority of Norway will assume supervision of compliance with the continuous disclosure regime, oversight of share buybacks and stabilisation, and the role as takeover bid authority from Oslo Børs, effective 1 April 2025. Issuers must submit notifications related to delayed disclosure of inside information to the Authority via Altinn, as the duty to notify Oslo Børs will be repealed. The Authority will also handle breaches of relevant requirements, including those arising before the transition date.