The exchange and securities market is governed by a number of laws and regulations passed by public authorities. To facilitate efforts to locate the relevant legal provisions, we have compiled links to important laws and regulations within the stock exchange and securities area. Here you will also find circulars, decisions from Oslo Børs and the appeal board, and other relevant material.
The purpose of the Securities Trading Act is to lay the basis for secure, orderly and efficient trading in financial instruments. The Act contains general rules of conduct, such as:
Section 3-2 Definition of inside information
Section 3-3 Misuse of inside information
Section 3-8 Market manipulation
Section 3-14 Sales of financial instruments not owned by the seller
The Act also contains important provisions related to listed companies' obligations, such as duty of disclosure and equal treatment of shareholders:
Section 5-2 Content of the information requirement
Section 5-14. Equal treatment
Some investors also have notification requirements:
Section 4-2 Notification requirement for primary insiders
Section 3-4 Duty of confidentiality and due care in handling inside information
Continuing obligations of stock exchange listed companies is stipulated by Oslo Børs. The rules here supplement and clarify the provisions of the Stock Exchange Act, the Securities Trading Act, the Stock Exchange Regulations and the Regulations to the Securities Trading Act.