On 30 October 2024, NORFSA issued Sparebank 1 Markets supervisory report.
- NORFSA published report for Sparebank 1 Markets AS detailing inside information risk.
Investigation Overview
- NORFSA investigated Sparebank 1 Markets AS placement of a shareholding in Crayon Group Holding ASA on 25 January 2024, concluding it communicated inside information to some investors without complying with requirements for proper information handling.
- The company had violated prohibition against illegal provision of inside information in EU Regulation 596/2014 on market abuse Article 14 c), cf. Article 10, and Vphl § 3-1.
- NORFSA emphasized inside information undermines trust in the market, and that the company, via inadequate handling, enabled and facilitated inside information misuse.
Financial Penalty
- NORFSA had decided to impose an infringement fee of NOK 17 million on the company.