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ARTICLE · 12 MAY 2010

Regulator Proposes New Bank Remuneration Rules

Arntzen de Besche Advokatfirma AS
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The Financial Supervisory Authority has proposed to amend Norway's capital requirements regulations by incorporating provisions on remuneration and bonuses in financial institutions.

NorwayCorporate/Commercial Law
Paul Sveinsson
Paul Sveinsson

The Financial Supervisory Authority has proposed to amend Norway's capital requirements regulations by incorporating provisions on remuneration and bonuses in financial institutions. The regulator considers that measures to counter remuneration arrangements which increase risk in the financial markets are an important part of the international industry regulation.

The proposal contains regulations for banks, other financial institutions, investment services firms and management firms for securities funds. Among other things, it imposes requirements to publish details of the remuneration of directors and officers who may have an impact on the risk profile of their institution.

The general publication requirements include:

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