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Norway's FSA considers ban on kickbacks

The Norwegian Financial Supervisory Authority threatens to propose a ban and has, at the same time, asked 36 investment firms to explain why they receive and keep kickbacks related to their clients' fund products.

Last week, Norway's Financial Supervisory Authority, Finanstilsynet, announced that it intends to tighten its control with investment firms' use of kickbacks.

The authority made the announcement during a webinar held by Verdipapirfondenes Forening (VFF), writes Norwegian daily Finansavisen.

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