meta_id 3276413

On June 25, 2026, Norway's Ministry of Finance (Finansdepartementet) amended the Regulation on Financial Undertakings and Financial Groups (Finansforetaksforskriften), introducing new provisions governing the financing of assistance provided by the Banks' Guarantee Fund (Bankenes sikringsfond) to the Financial Supervisory Authority of Norway (Finanstilsynet). The amendment adds a new section, § 20-18a, to the regulation, establishing a mechanism to finance assistance costs incurred by the Banks' Guarantee Fund when supporting Finanstilsynet. Under the new provision, two per mille of the total annual contribution to the crisis management fund, as determined under the Financial Undertakings and Financial Groups Act (Finansforetaksloven) § 20-51, must be set aside and placed in a dedicated account before the contribution is transferred to the crisis management fund. These costs may be charged to the account following an agreement between Finanstilsynet and the Banks' Guarantee Fund. If the balance in the dedicated account exceeds Norwegian krone (NOK) 5 million at year-end, the excess amount must be transferred to the crisis management fund. Additionally, if the crisis management fund falls below the minimum requirement specified in Finansforetaksloven § 20-50, the set-aside provision must be suspended until the minimum requirement is met again. The amendment takes effect on July 1, 2026. Financial undertakings and financial groups subject to Norwegian financial supervision will need to ensure compliance with the new financing arrangements for assistance provided to Finanstilsynet.