The Norwegian regulation regarding ‘Report on Payments to Governments’ (‘Lov om rapportering om betalinger til myndigheter mv.’) applies to companies involved in extractive and logging activities. The Norwegian Accounting Act § 3-3d, § 3-5 and § 8-2 and the Norwegian Securities Act § 5-5a, § 5-12 and § 5-13 include references to transparency rules. The detailed regulation is provided for in the regulation ‘Forskrift om land-for-land rapportering’. The requirements are more extensive than those of the relevant EU Directive approved 2013.
Industry sectors covered by the instrument
Organizations covered by the instrument
Companies in extractive and non-planted forestry above a certain size/income
Type of instrument
Mandatory or voluntary
The geographical scope