Country-by-Country Payments Regulation and Norwegian Accounting Act §3-3d, Security Trading Act §5-5a

Norway Current 2014

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.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

Specific sector/s

Organizations covered by the instrument

Companies in extractive and non-planted forestry above a certain size/income

Issuer type

Finance/Treasury

Type of instrument

Legislation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Project Partners