About

As the Financial Supervisory Authority of Norway, Finanstilsynet is the government agency tasked with regulating companies operating in Norway’s financial sector. As general counsel for the institution, Cecilie Ask holds a distinguished position in the country’s in-house legal arena and works on a number of significant activities to ensure companies operate in compliance with law and regulations from Storting, the Norwegian Ministry of Finance and international accounting standards. In 2016, the Norwegian government set up a fi ve-member committee to review the country’s shareholding legislation with the goal of making the everyday life for small and medium-sized businesses easier. Being a highly respected individual with a proven track record in legal services, Ask was of course chosen by the government to be one of the members of committee. In one of the most recent cases Finanstilsynet has been involved in, the Norwegian regulator conducted on-site inspections at six brokers and took away four licenses as a result of law violations it found in a move that reflects Norway’s growing concern about the risks associated with contracts for difference (CFDs) trading.