Regulatory Alerts2016-05-13
Approval of Articles of Association Amendments
The Norwegian Financial Supervisory Authority issued this circular to implement new regulations under the Financial Enterprises Act effective January 1, 2016, which significantly narrow the scope of articles of association amendments requiring regulatory approval. The document mandates that applicants must explicitly cite the relevant regulation and provide detailed comparisons of old and new text, along with relevant meeting minutes, for any changes listed in the approval regulation. Furthermore, it establishes that regulatory approval must be secured before entities register their amended articles in the Brønnøysund Register Centre.
Share