Securities Trading Act (Securities Trading Act)

Original Language Title: Lov om verdipapirhandel (verdipapirhandelloven)

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Read the untranslated law here: https://lovdata.no/dokument/NL/lov/2007-06-29-75

Securities Trading Act (Securities Trading Act)


Date LOV-2007-06-29-75


Affairs Ministry

Edited

LOV-2015-12-04-96 from 01/01/2016


Published in 2007 Booklet 6


Effective 01.11.2007, 01.01.2008, 01.11.2008, 16.03.2009

Changes
LOV-1997-06-19-79

Promulgated
29/06/2007

Short Title
Securities Trading Act - STA.

The law is set partly ikr. November 1, 2007, partially January 1 2008 acc. Res. June 29, 2007 no. 752, see § 1.18. - Cf. Previous Act of 19 June 1997. 79.

Understanding the law:

The purpose is to facilitate a secure, orderly and efficient trading in financial instruments, ie securities. The Act applies to operations in Norway, unless otherwise specified.
Act is divided into six parts. Part 1 gives provisions on legislative intent and scope and definition of some terms. Part 2 provides general behavior regulations and rules concerning the reporting requirement, ongoing and periodic information requirement, publication and equal treatment. Moreover, given reglr mandatory and voluntary offer for the purchase, prospectus requirements for public offerings and listing of shares issued that public company listed on the Oslo Stock Exchange. Part 2 also treats proprietary trading. Part 3 contains rules on investment firms, including the conditions for approval and transboundary virksomhet.Videre discussed the activities of investment firms and the operation of a so-called MTF. Part 4 deals with securities settlement, including general provisions, clearing and netting of financial instruments. Part 5 provides rules for supervision and sanctions and Part 6 provisions on entry into force and transitional provisions and amendments to other acts.
Act supersedes previous legislation of 1997.

Chapter Overview:

Part 1. Purpose, scope and definitions (§§ 1-1 - 2-6)
Chapter 1. Purpose and scope (§§ 1-1 - 1-4)
Chapter 2. Definitions ( §§ 2-1 - 2-6)
Part 2. General provisions (§§ 3-1 - 8-7)
Chapter 3. General rules of conduct (§§ 3-1 - 3-14a) || | Chapter 4 Notification requirements (§§ 4-1 - 4-4)
Chapter 5. Ongoing and periodic information requirement, publication, etc. (§§ 5-1 - 5-14)
Chapter 6. bid and voluntary offer for the purchase (§§ 6-1 - 6-23)
Chapter 7. Prospectus requirements for public offers and admission to trading (§ § 7-1 - 7-21)
Chapter 8. Proprietary trading (§§ 8-1 - 8-7)
Part 3. Investment firms (§§ 9.1 - 11.4)
Chapter 9 . Authorisation, conditions and cross-border activities (§§ 9-1 - 9-28)
Chapter 10. Investment firms. (§§ 10-1 - 10-20)
Chapter 11. Operation of MTF (§§ 11.1 - 11.4)
Part 4. Securities settlement (§§ 12.1 - 14.3)
Chapter 12. General provisions (§§ 12-1 - 12-4)
Chapter 13. Central counterparties (§§ 13-1 - 13-6a)
Chapter 14. Offsetting of financial instruments ( §§ 14.1 - 14.3)
Part 5. Supervision, sanctions, etc.. (§§ 15-1 - 17-5)
Chapter 15. Supervision (§§ 15.1 - 15.9)
Chapter 16. Supervision of investment firms with headquarters in another Member State (§§ 16 1 - 3.16)
Chapter 17. Sanctions (§§ 17.1 - 17.5)
Part 6. Commencement, transitional provisions and amendments to other acts (§§ 18-1 - 19-1) | || Chapter 18. Commencement and transitional provisions (§§ 18.1 - 18.2)
Chapter 19. Amendments to other laws (§19-1)
EEA agreement Annex IX. 29aa (Commission Regulation (EC ) no. 2273/2003 of 22 December 2003 on the implementation of Directive 20 ...
Chapter I. Definitions
Chapter II. Repurchase Programs
Chapter III. Stabilization of a financial instrument
Chapter IV. Final Provisions