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Regulations On The Requirements To The Person Responsible For Credit Institutions Established Capital

Original Language Title: Forskrift om krav til den ansvarlige kapitalen for etablerte kredittinstitusjoner

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Regulations on the requirements to the person responsible for credit institutions established capital.

Date-1994-04-13-252 Ministry of Finance Ministry Published Avd in 1994 480 entry into force 13.04.1994 last edited by-1998-11-04-1056 (from 01.01.1999) Change applies to Norway Pursuant LAW-1988-06-10-40-section 2-9,-1990-06-15-453 cf. law-2015-04-10-17-section 23-2 Announced short title Forskr. about responsibility capital, credit institution established by the finance and customs Ministry 13. April 1994 with the legal authority of the law 10. June 1988 No. 40 about financing business and financial institutions section 2-9 the first paragraph, cf.. URkgl.res. 15. June 1990 No. 453. Cf. EEA Agreement annex IX sections 15 and 16 (Rdir. 77/780/EEC and 89/Rdir. 646/EEC) amended by regulation 4 nov 1998 No. 1056. § 1. Credit institutions established before 1. January 1994 and which has a responsible capital lower than the requirements imposed by the law 24. in May 1961, Nr. 1 about the savings banks section 2 first paragraph, law of 24. in May 1961, Nr. 2 about the commercial banks section 5 first paragraph or law 10. June 1988 No. 40 about financing business and financial institutions § 3-5 the first paragraph shall at all times have a responsible capital as at least corresponding to the highest amount achieved after 2. May 1992 until the requirements imposed by or in pursuance of the above legal provisions are met.

§ 2. The Ministry of finance in particular cases can agree that a credit institution responsible capital to respond to a lower amount than the amount in NOK that corresponds to 5 million euros.

§ 3. The regulation will take effect immediately.