Norway

Norway Implements 19th Sanctions Package Against Russia

Norway's DEKSA has implemented the EU's 19th sanctions package against Russia into Norwegian law, effective immediately. The package includes listing of 22 individuals and 42 entities under travel and asset freeze measures, 117 vessels linked to the shadow fleet under port and service bans, and prohibitions on Russian LNG imports with staggered effective dates.

DEKSA Processing Times Updated, Longer Wait

Norway's export control authority DEKSA has updated average processing times for various license applications. The agency reports longer wait times due to high case volume. Exporters and license applicants should anticipate extended processing periods.

Norway's 18th Sanctions Package - Shadow Fleet Vessels, Petroleum Import Ban, Nord Stream Restrictions

Norway's DEKSA announced implementation of the 18th sanctions package against Russia, listing 14 individuals and 41 entities, adding 105 vessels to the shadow fleet annex, and introducing petroleum import restrictions. New provisions include Nord Stream 1 and 2 transaction prohibitions and a six-month delayed ban on importing refined petroleum products made from Russian crude oil.

Pre-2020 Export Licenses Won't Renew After January 2026

Norwegian export control authority DEKSA announced that export licenses issued before January 1, 2020 cannot be renewed after January 2026. Renewal applications must be submitted before February 1, 2026 to be processed. Companies with expiring pre-2020 licenses must apply for new licenses with full documentation if they wish to continue exporting controlled goods, services, or technology.

Export Deadline February 15 for Defense Material Q4 2025

DEKSA announces February 15, 2026 as the deadline for reporting Q4 2025 exports of defense material and dual-use goods for military use. All licensed exporters must submit reports via the DEKSA portal, including reports of unused licenses. Portal improvements have been implemented to ease the reporting process.

Finanstilsynet Supervisory Activities Reports for 2025 Published

Finanstilsynet (Norway's Financial Supervisory Authority) has published its reports detailing supervisory activities for 2025. These reports cover inspections, analyses, licensing, and regulatory development within the financial sector.

KRT-1003 Reporting for Oslo Stock Exchange Entities

Finanstilsynet (Norway's Financial Supervisory Authority) has published guidance for the KRT-1003 reporting form, applicable to entities listed on the Oslo Stock Exchange. The reporting deadline is May 12, 2026, and accurate completion is crucial for the authority's financial reporting oversight.

Finanstilsynet and IFSCA Sign Regulatory Cooperation MoU

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.

Mandatory XML Format for Annex IV Reporting

Finanstilsynet (Norway) will mandate the use of XML format for Annex IV reporting for Alternative Investment Fund Managers (AIFMs) starting June 30, 2026. This change replaces the current manual Altinn form submission to enhance automation and standardization.

Norwegian Financial System Risks: Debt, Property, Geopolitics

Finanstilsynet's December 2025 Risk Outlook highlights high household debt, elevated property prices, and geopolitical uncertainty as key vulnerabilities in the Norwegian financial system. The report notes increased risk in property development and potential corrections in asset prices due to high valuations and low risk premiums.