On 13 March 2020 the Norwegian government proposed several mitigating measures against the negative effects of the measures taken against the spread of the Covid-19 virus in Norway. The number of proposed measures have increased over the last two weeks.
In a reasoned opinion of 11 March 2020 the EFTA Surveillance Authority (ESA) finally concluded that Norwegian rules applying an ownership ceiling of 20-25 per cent in banks and insurance companies for non-financial institution shareholders is in breach of the EEA Agreement. Norway must ensure compliance within two months.
On March 13, 2020, the Norwegian Government proposed the first phase of emergency measures to reduce the economic consequences caused by the corona virus pandemic.
On 27 February 2020, the Norwegian Supreme Court held that a Norwegian UCITS that should have been actively managed, but was not, should not charge its investors more than fees normally used for index funds.
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