Norwegian FSA proposes kickback ban

A proposal to ban kickbacks has been sent to a hearing at the Ministry of Finance.

Photo: Håkon Mosvold Larsen / NTB

In 2018, the Norwegian FSA, Finanstilsynet, changed the rules surrounding kickbacks to make it cheaper for the end investor.

Recently, the authority conducted a study which found that the rule changes had had the desired effect, but that distributors of savings products now had a smaller margin.

Now, the FSA has suggested that fees received by anyone but the client when managing savings products for non-professional investors should be scrapped.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Wide range of AUM declines among Nordic asset managers in Q2

Q2 OVERVIEW: Although the three best-performing Q1 managers have yet to release figures for this period, AMWatch’s preliminary overview suggests that the results are reflective of local market conditions, where two countries had a clear advantage.

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

AMWatch job

See all jobs

See all jobs

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch