Finanstilsynet and IFSCA Sign Regulatory Cooperation MoU

Finanstilsynet NO News

Published February 13th, 2026

Detected March 18th, 2026

Summary

Norway's Finanstilsynet and India's IFSCA have signed a Memorandum of Understanding (MoU) to enhance regulatory cooperation. The agreement facilitates information sharing on market trends, best practices, and technological innovations in the financial sector.

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Finanstilsynet, the Norwegian Financial Supervisory Authority, and the International Financial Services Centres Authority (IFSCA) of India have formalized a Memorandum of Understanding (MoU) to foster regulatory cooperation. The agreement, operationalized on February 13, 2026, aims to enable the sharing of information regarding market trends, regulatory developments, and technological innovations in the financial sectors of both jurisdictions. It also seeks to promote high standards of conduct, integrity, and the enforcement of laws governing financial products and institutions.

This MoU establishes a framework for collaboration between the two regulatory bodies. While it does not impose new direct obligations on regulated entities, it signifies an increased potential for information exchange and coordinated oversight between Norway and India. Compliance officers should be aware that this enhanced cooperation may lead to future alignment of regulatory approaches or information requests related to cross-border activities involving entities regulated by both authorities.

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IFSCA and Finanstilsynet sign a Memorandum of Understanding (MoU)

News

Published: 13 February 2026 The International Financial Services Centres Authority of India (‘IFSCA’) and Finanstilsynet, the Financial Supervisory Authority of Norway, have entered into a Memorandum of Understanding (MoU) to formalize regulatory cooperation in identified areas of mutual interest.

The MoU was signed by Mr. K Rajaraman, Chairperson, IFSCA and Mr. Per Mathis Kongsrud, Director General, Finanstilsynet. The MoU was virtually exchanged and operationalized on February 13, 2026.

The objective of the MoU is to facilitate the sharing of information on recent trends and best practices in development, regulatory and business structures in the financial markets in the respective jurisdictions as well as to promote and secure the fitness and properness of licensed or registered persons and to promote high standards of fair dealing and integrity in conduct of business. In addition, the MoU will also facilitate the enforcement of laws, rules, and regulations governing financial products, financial services, and financial institutions within their respective jurisdictions. Furthermore, the MoU will encompass the sharing of information about application of technologies, innovations, financial technology and regulatory technology in the financial markets in the respective jurisdictions.

Image above: K. Rajaraman, Chair of IFSCA, together with K. Kundan Krishna.
Photo: Screenshot from video stream.

Image below: From left: Anders Hole, Per Mathis Kongsrud and Nina Moss.
Photo: Finanstilsynet