Articles on wr.no

14/11/2024

WR Asset Management: EuVECA – Access to EU marketing passport and retail investors – without a licence

In a previous newsletter, we outlined the differences between licensed and registered AIFMs. One major advantage of a full licence is the ability to market funds across borders within the EU/EEA ("passporting"). However, for small and medium-sized managers, there is an alternative: registering the fund as a qualifying venture capital fund (VCF) under the EuVECA Regulation, provided the planned fund strategy aligns with the investment restrictions. Below, we explore who might benefit from this option.

24/10/2024

Wikborg Rein has assisted with secondary listing of gold securities product on Oslo Børs

We are pleased to announce that Wikborg Rein has assisted Svelland Capital (UK) Ltd and the Edmond de Rothschild Group with the secondary listing on Euronext Oslo Børs of the Euronext Amsterdam listed EdR Certified Origin Physical Gold PLC, which issues gold securities structured as Exchange Traded Certificates (ETCs).

01/10/2024

The obligation to register beneficial owners in Norwegian companies comes into effect today, 1 October 2024

Since 1 November 2021, legal entities have been required to identify and maintain documented, up-to-date information about their ultimate beneficial owners (UBOs). As of 1 October 2024, Norwegian entities must also register their UBOs in the Brønnøysund Register pursuant to the Norwegian Act on the Beneficial Owners Registry. This means that entities must report who ultimately controls and/or owns the entity to the authorities. There is a phase-in period of 10 months, with the final registration deadline being 31 July 2025. After this date, companies that fail to register may be subject to coercive fines.

13/09/2023

A new regime for third-country firms’ provision of investment services into Norway

A permanent route for provision of investment services by third-country firms has been introduced.

26/05/2023

WR assisted Gersemi Asset Management with investment firm license

We are proud to announce that we have assisted Gersemi Asset Management AS with obtaining its licence as an investment firm. Gersemi Asset Management is founded and led by Joakim Hannisdahl. Hannisdahl has been ranked the number one shipping equity analyst globally by Bloomberg for several consecutive years.

03/05/2023

Wikborg Rein assisting Norse Atlantic in subsequent offering and uplisting

We have assisted Norse Atlantic ASA ("Norse") with a successful "repair offering" of shares and subsequent uplisting of the company's shares the Oslo Børs market Euronext Expand.