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Amending Securities Trading Act § 5-5a and 5-12 Reporting on payments to governments

Norway Current 2014

Amendments look to require more transparency from companies involved in extractive and logging activities on payments made to foreign governments.

Issuer name

Norwegian Parliament

Government ministry

Finance/Treasury

More information

Issuers who are engaged in the extractive industries, shall prepare and publish an annual report with details of their payments to governments at country and project level. The same applies to issuers engaged in forestry in non-planted forest. It should be in the report indicate where the report is made public.

Organizations covered by the instrument

All Companies

Target organization notes

Issuers operating in the extractive industry

Industry scope notes

extractive and non-planted forestry

Disclosure venue

Annual report

ESG coverage- G (Governance)

Accountability, Anti-Corruption and Anti-Competitive Behaviour

ESG coverage- Eco (Economic & General)

Economic performance

Status

Current

Country

Norway

Region

Europe

Date of publication

2014

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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