Existing and Planned Hedge Fund Regulation in Norway

Cathrine Schlytter, Associate, Ræder Advokatfirma, csc@raeder.no

Introduction

Due to the exploding demand for hedge fund investments, Kredittilsynet (The Financial Supervisory Authority of Norway, “The Norwegian FSA”) proposed in November 2004 to change the regulation of hedge funds in Norway. It is, however, still uncertain when the Norwegian Ministry of Finance will adopt the proposed legislation. This article will assess some of the suggested changes regarding hedge fund regulation in Norway.