Regulatory Alerts2023-10-10
Guidance on the Securities Trading Act Chapter 4 – Notification Requirements
The Norwegian Financial Supervisory Authority issued updated guidance on October 10, 2023, implementing EU Directive 2013/50 to clarify notification obligations under the Securities Trading Act. The document details the specific thresholds, calculation methods, and reporting procedures for investors holding shares or financial instruments that grant voting rights in issuers with Norway as their home state. It further defines the scope of aggregation, exemptions for certain holdings, and the sanctions applicable for failing to comply with these transparency requirements.
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