Click here for the current Regulation on the Register of Members of the Storting’s Appointments and Economic Interests.

The changes enter into force on 1^st March 2024.

Registration of all share transactions

The new regulation states that all share transactions carried out by Members of the Storting (MPs) must appear in the register. This is an addition to the present requirement of having an updated overview of the Members’ shareholdings. There will also be more comprehensive requirements for the information that must be provided on individual transactions.

General duty of registration

Section 15 of the regulation currently states that MPs “may” register information which is not subject to mandatory registration as covered elsewhere in the regulation. What was formerly a supplementary and general registration option is now a duty of registration. This means that MPs will have an even clearer responsibility to identify anything that might comprise a conflict of interest.

Other changes

Changes to the register must be reported more often than before. The deadline for MPs to notify of changes has been cut from one month to two weeks. Likewise, the register will be publicly updated every second week rather than monthly.

The Presidium will come back to Parliament on the matter of the registration of the interests of MPs’ relatives. Here, certain aspects must be examined more closely, not least pertaining to privacy rules.

The register will also be given more up-to-date technical solutions. Among these will be better search options, and a number of other functional improvements.

Insider information

In December 2023, the Storting’s Presidium adopted new guidelines on the treatment of insider information in the Storting. The aim of the guidelines is to make MPs and state better acquainted with the legal obligations that follow from the new Securities Trading Act and the EU’s Market Abuse Regulation.