Breach by the Association of Financial Institutions of Article 12 of the Competition Act and the provisions of Decision No. 17/2004

By decision
The Competition Authority is informed of a settlement that
the supervisory authority has reached an agreement with the Association of Financial Institutions (SFF). In the settlement
acknowledge SFF's breach of competition law and the directives applicable to the organisation
on the basis of a previous decision. SFF have agreed to pay a fine of 20 million kr.
and take action to prevent a recurrence of the offence.