Cross-border activities
Cross-border activities can be conducted either from the home state or through the establishment of a branch in the host state. The latter alternative is a more permanent solution, using own employees. Payment institutions and investment firms also have the opportunity to use agents. Agents used by payment institutions provide payment services on behalf of the institution. Tied agents used by investment firms can only provide a limited range of services on behalf of the firm.
Norwegian financial institutions’ activities abroad are regulated by Chapter 4 of the Financial Institutions Act（https://lovdata.no/NLE/lov/2015-04-10-17） and Chapter 4 of the Financial Institutions Regulations（https://lovdata.no/SFE/forskrift/2016-12-09-1502）. Foreign financial institutions’ activities in Norway are regulated by Chapter 5 of the Financial Institutions Act（https://lovdata.no/NLE/lov/2015-04-10-17） and Chapter 5 of the Financial Institutions Regulations（https://lovdata.no/SFE/forskrift/2016-12-09-1502）. Norwegian investment firms' activities abroad are regulated by sections 9-32 and 9-33 of the Securities Trading Act（https://lovdata.no/NLE/lov/2007-06-29-75/§9-32） and Section 9-39 of the Securities Trading Regulations（https://lovdata.no/SFE/forskrift/2007-06-29-876/§9-39）. Foreign investment firms’ activities in Norway are regulated by sections 9-34 to 9-37 of the Securities Trading Act（https://lovdata.no/NLE/lov/2007-06-29-75/§9-34）.
Processing fees for applications for and notifications of cross-border activities, etc.
Entities and individuals operating in Norway that are licensed by the financial supervisory authority in another country (cross-border activities, etc.) pay a processing fee for each application or notification concerning such activities in the Norwegian market, cf. Section 6-13 of the Financial Supervision Regulations.
Further information on funding of Finanstilsynet's expenses through supervisory levies and fees（https://www.finanstilsynet.no/en/about-us/organisation/funding/）
For most institutions established in another EEA state, notifications of cross-border activities will be exchanged between the various countries’ supervisory authorities. Other undertakings, such as third-country auditors and managers of alternative investment funds (AIF managers) established outside the EEA intending to market funds, must apply for an authorisation.