Financial Institutions Act

Reference

LOV-2015-04-10-17

Adopted

2015-04-10

In force

2016-01-01

Ministry

Ministry of Finance

Supervision

Finanstilsynet

Area

Finance and anti-money laundering

Read date

2026-09-09

• Read the act on LovdataLOV-2015-04-10-17
• The EU act it implements: CRD IV 2013/36/EU og CRR (EU) 575/2013
• Supervision: Finanstilsynet

Standards are not statute. They are purchased documents from Standard Norge that parties agree to, or that regulations refer to. We carry the designation, edition and scope, never the text.

• Risk management, guidelines

  NS-ISO 31000:2018Standard Norge

  The principles and process for enterprise risk management: identification, analysis, evaluation, treatment, monitoring and reporting. It is guidance and cannot be certified, but it is used as a reference in internal control and board reporting.

• Compliance management systems, requirements with guidance

  NS-ISO 37301:2021Standard Norge

  The requirements for a compliance management system: mapping compliance obligations, roles and independence, training, a reporting channel, monitoring and reporting. It is the closest standard to what supervisory bodies mean by documented compliance.

• Business continuity management systems, requirements

  NS-EN ISO 22301:2019Standard Norge

  The requirements for continuity management: impact analysis, recovery times, continuity plans, exercises and review. Financial undertakings and public sector suppliers meet the same requirements again in supervisory rules on operational continuity and outsourcing.

• Anti-Money Laundering Act

  LOV-2018-06-01-23In force: 2018-10-15Finanstilsynet

  The Act requires obliged entities to carry out risk assessments, keep procedures, apply customer due diligence, monitor relationships, investigate and report to Økokrim, and retain records. The duties also apply outside the financial sector, including to accountants, auditors, lawyers and estate agents.

• Payment Systems Act

  LOV-1999-12-17-95In force: 2000-04-14Norges Bank

  The Act regulates interbank systems and payment service systems, authorisation from Norges Bank, and the legal protection of netting and settlement where a participant becomes insolvent.

• Securities Trading Act

  LOV-2007-06-29-75In force: 2007-11-01Finanstilsynet

  The Act regulates investment services, the organisation and conduct of investment firms, market abuse and inside information, prospectus duties, continuing disclosure for listed companies and the duty to flag holdings.