The Financial Supervisory Authority

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Jurisdiction

Norway

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Regulations

Open Banking frameworks

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Region

EEA

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Type

NCA

National Competent Authority

About The Financial Supervisory Authority

The The Financial Supervisory Authority is the primary financial regulatory authority in Norway responsible for overseeing open banking and financial services. As a National Competent Authority (NCA), they ensure that banks and third-party providers comply with open banking regulations, protecting consumers while fostering innovation in financial services.

SCA Update: On 20 August 2019, the Norwegian regulator announced a temporary enforcement extension for Norwegian cards. Banks will need to contact the regulator directly to secure this delay. The length of the extension or any intermediary milestones have not yet been officially confirmed.

Jurisdiction

Norway

View Open Banking providers, banks, and TPPs in Norway

Regulations Overseen

The Financial Supervisory Authority is responsible for enforcing and monitoring compliance with the following open banking and financial regulations:

PSD2

Active

Payment Services Directive 2

The revised Payment Services Directive requires banks to provide account access to licensed third-party providers (TPPs) via secure APIs. It introduce...

PSD3

Upcoming

Payment Services Directive 3

The proposed third Payment Services Directive aims to address shortcomings of PSD2, improve API performance standards, enhance fraud prevention, and e...

FIDA

Upcoming

Financial Data Access Regulation

FIDA extends open banking principles beyond payment accounts to a wider range of financial products including mortgages, loans, savings, investments, ...