Regulatory Alerts2011-09-06
Marketing and Sale of Product Packages
The Norwegian Financial Supervisory Authority issued this circular to clarify the legal boundaries for financial institutions marketing product packages under the Financing Activities Act. It prohibits tying services or offering special conditions unless the packages involve inherent service dependencies or are justified by quantifiable cost savings passed on to customers. Institutions are required to rigorously document these savings and ensure their practices do not violate cross-subsidization or confidentiality rules.
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