Oslo Børs: Finanstilsynet to control prospectuses from 1 May 2010

Oslo Børs: Finanstilsynet to control prospectuses from 1 May 2010


The Ministry of Finance has decided that the operative control of prospectuses that is currently performed by Oslo Børs will be transferred to Finanstilsynet with effect from 1 May 2010.

Oslo Børs has performed the work of the operative control of prospectuses. As an element of the transposition of common European legislation in the securities area, Finanstilsynet will perform the control with effect from 1 May 2010. Continuity will be ensured in part by the transfer of a number of employees from Oslo Børs to Finanstilsynet together with the responsibility for the task.

Information for issuers, managers and others who prepare prospectuses for approval
Prospectuses that shall be controlled and approved as of 1 May 2010 must be sent directly to Finanstilsynet’s e-mail address: prospekter@finanstilsynet.no. Prospectuses that have already been submitted and are being processed by Oslo Børs as on 1 May will automatically be transferred to and processed by Finanstilsynet. Prospectuses approved prior to 1 May will be available at Oslo Børs' web site.

Offer document in accordance with Securities Trading Act chapter 6 and Information Document in accordance with Oslo Børs continuing obligations is still to be sent to Oslo Børs for control after 1 May 2010.

Oslo Børs will provide further information regarding the transfer of the control of prospectuses and certain changes in the Oslo Børs rules in connection with this. Please also refer to information from Finanstilsynet.