The Norwegian Financial Supervisory Authority published a thematic inspection report on Formue Norge AS’s ongoing valuation of less marketable products, including unlisted securities and alternative investment funds, finding that the firm had not provided customers with satisfactory information that periodic net asset value calculations do not represent actual tradable prices for customers’ holdings.
Norwegian Finanstilsynet 2025-03-26
Norwegian Financial Supervisory Authority finds Formue Norge did not adequately disclose that NAVs are not tradable prices for illiquid products
The Norwegian Financial Supervisory Authority released a report on Formue Norge AS's valuation practices for less marketable products, such as unlisted securities and alternative investment funds. The inspection found that the firm failed to adequately inform customers that periodic net asset value calculations do not reflect actual tradable prices for their holdings.