Formed 1986 Jurisdiction Norway Founded 1986 | Type Government agency Headquarters Oslo, Norway Parent organization Ministry of Finance | |
Agency executive Morten Baltzersen, Director Parent agency Norwegian Ministry of Finance Website | ||
The Financial Supervisory Authority of Norway (Norwegian: Finanstilsynet) is a Norwegian government agency responsible for supervision of financial companies within Norway based on law and regulations from Storting, the Norwegian Ministry of Finance and international accounting standards. The agency is located in Oslo and is under the supervision of the Ministry of Finance.
History
It was established in 1986 through a merger of the Bank Inspection Agency, the Broker Control Agency and the Norwegian Insurance Council.
Primary companies supervised by the authority are banks, insurance companies, credit companies, financing companies, pension funds, security companies, stock exchanges, security registries, real estate agencies, debt collection agencies, accountants and auditors.
It was formerly named Kredittilsynet (lit. the Credit Supervisory Authority), but changed its name to Finanstilsynet in December 2009.