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On 1 October 2024, EU Directive 2019/1160 enters into force in Norway following a notice from the Norwegian Ministry of Finance, announcing that the relevant parts of Act 79 of 22 June 2022 regarding cross-border distribution of funds will apply as of this date.

Below are the main changes in terms of cross-border fund distribution, which go further than the Directive being transposed:

• UCITS facilities are to be provided to Norwegian investors in Norwegian.
• Information regarding the termination of marketing of a UCITS must be in Norwegian.

• AIF retail facilities are to be provided to Norwegian investors in Norwegian.
• Pre-marketing to retail investors is possible for EEA AIFMs, subject to a notification procedure.
• It is specified that pre-marketing by non-EEA AIFMs or of non-EEA AIFs or EEA feeder funds with non-EEA master funds will not be possible.

Act 79 of 22 June 2022 is only available in Norwegian and can be .

Please feel free to contact us should you require any additional information.

Partner
+352 22 51 51 7892
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Senior Manager
+352 22 51 51 7417
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