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Regulations On The Exchange Of Information With Supervisory Authorities From Countries In And Outside The European Economic Area

Original Language Title: Forskrift om utveksling av opplysninger med tilsynsmyndigheter fra land i og utenfor EØS-området

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Regulations on the exchange of information with supervisory authorities from countries in and outside the European economic area Date-1998-11-30-1102 Ministry Ministry of finance published in the 1998 1719 entry into force 01.01.1999 last edited FOR-2011-12-07-1205 Change applies to Norway Pursuant LAW-1956-12-07-1-section 7 Announced short title regulations on the exchange of information with the EEA Chapter overview: in (sections 1-3) II: laid down by the legal authority financial and Customs Department (now Ministry of Finance) 30. November 1998 under the legal authority of the law of 7. December 1956 No. 1 about the supervision of financial institutions, etc. (financial supervision) section 7 the first paragraph.
The EEA referrals: Rdir. 95/26/EC. Implementing European Parliament and Council Directive 2000/64/EC.
Changes: modified by regulations 18 des 2009 Nr. 1726, June 30, 2010 # 1042, 7 des 2011 No. 1205. In section 1. (Disclosure of information to regulatory authorities in countries outside the European economic area) The financial authority's confidentiality by financial supervisory law section 7 and administrative law applies not to the supervisory authorities in countries outside the European economic area who supervises as mentioned in the financial regulatory law section 1 subsection no. 1-6, 9, or no. 13, or with the management company for mutual funds.

§ 2. (Criteria for the exchange of information with supervisory authorities from another country inside or outside the EEA) By disclosure of information to regulatory authorities as mentioned in the financial regulatory law section 7 or this Regulation section 1 to Finance the Authority set the following conditions: 1. The information can only be used to carry out the supervisory tasks as mentioned in the financial regulatory law section 1 subsection no. 1-6, 9, or no. 13, or with the management company for mutual funds.

2. The information shall be subject to the confidentiality of recipients. The information can only be shared with the consent of the financial supervision and only for the purposes agreed includes.

§ 3. (Disclosure of information that is received from a regulatory authority in another country inside or outside the EEA) Information, such as Financial authority has received from foreign regulatory authorities can only be shared with the consent of the competent authority and only for the purposes agreed includes.

II Regulation will take effect 1. January 1999.