The Ministry of Finance is responsible for the regulation and supervision of financial markets and financial institutions, private pension schemes, and rules and regulations for accounting and auditing. The Ministry of Finance is responsible for a number of subordinate bodies, including the Financial Supervisory Authority of Norway (Finanstilsynet).

Finanstilsynet is responsible for the supervision of banks, finance companies, mortgage companies, insurance companies, pension funds, investment firms, securities fund management and market conduct in the securities market, stock exchanges and authorised market places, settlement centres and securities registers, estate agencies, debt collection agencies, external accountants and auditors. Finanstilsynet’s remit is to promote financial stability and well-functioning markets through its supervision of institutions and markets.

Finanstilsynet’s mandate includes handling and decision of licence applications.

For more information about Finanstilsynet click here.