Norway's Ministry of Finance has opened a public consultation on changes to its non-cooperative jurisdiction listings, aligning domestic regulations with the EU Council's February 2026 assessment. The amendments to Regulations No. 1379 would add Turks and Caicos Islands and Vietnam to Annex I while removing five jurisdictions, affecting securitisation compliance and investor reporting requirements.
Norway’s Ministry of Finance opened a public consultation on 3 June 2026 regarding amendments to Regulations No. 1379 (1 July 2025) on non-cooperative jurisdictions for tax purposes. The consultation period closes on 17 June 2026, providing stakeholders with a two-week window to submit feedback (Ministry Reference: 26/2236).
This consultation process reflects Norway’s commitment to EEA transparency requirements.
The Ministry emphasised that any organisation, business entity, or individual may submit a consultation statement through the government’s digital consultation portal available on regjeringen.no.
All submissions become public documents under Norway’s Public Access Act and will be published alongside other consultation responses on the Ministry of Finance website.
Why the consultation matters
The underlying regulatory updates stem directly from the EU Council’s decision on 17 February 2026, which revised its official list of non-cooperative jurisdictions for tax purposes. Under EEA legal obligations, Norway must assess whether to align its designations with the EU framework.
The Ministry confirmed it sees no grounds to diverge from the EU’s updated classification, necessitating corresponding amendments to Sections 3 and 4 of the Norwegian regulation.
The Ministry has explicitly requested that consultation bodies evaluate whether responses should be escalated to subsidiary units, agencies, member organisations, or constituent bodies—indicating the breadth of potential stakeholders affected by these changes.
Specific jurisdictional changes under review
The proposed amendments introduce concrete modifications to both annexes.
Annex I (non-cooperative jurisdictions) would gain the Turks and Caicos Islands and Vietnam while removing Fiji, Samoa, and Trinidad and Tobago.
Annex II (jurisdictions committed to reform) loses Antigua and Barbuda and Seychelles; Vietnam transitions from Annex II to Annex I.
These reclassifications carry regulatory weight under the Securitisation Regulation (Article 4 framework). Annex I designations restrict the establishment of securitisation special purpose entities in affected third countries, while Annex II listings trigger investor reporting obligations—creating compliance implications that warrant stakeholder input during the consultation period.
Submission and next steps
Stakeholders interested in commenting on the proposed changes must use the digital consultation submission tool on regjeringen.no before 17 June 2026.
The Ministry will review all submissions before finalising the regulatory amendments. While the Ministry anticipates minimal economic consequences for most private actors, the consultation ensures affected industries—particularly financial services and investment sectors reliant on securitisation frameworks—have a formal opportunity to raise concerns or provide evidence of impact before the regulation takes effect.
