NORFSA confirmed that self-reporting forms a basis for its risk-based selection of firms and accounts to be checked, and it is important that issuers comply with the deadline.
In reviewing self-reporting in KRT-1003 for financial year 2021, NORFSA uncovered an excessive number of errors, so refers firms to point 2.3.3 of report, for clarification.
In line with 2022, to ensure issuers will have sufficient time to ensure quality of the answers to KRT-1003, NORFSA has chosen to publish the guidance for this year early.
To make it easier for all of the companies that must distribute the various tasks and responsibilities related to the form, the guidance is published in both PDF and Excel.
The guide contains all of the questions and answers that will be included in this year's KRT-1003, and help text and explanations for the questions appear where relevant.
Issuers are all encouraged to read through the guidance as early as possible, to ensure that they do ensure sufficient time ,and resources, are set aside to answer the form.
Effectiveness
The KRT-1003 reporting deadline for 2023, has been set by NORFSA as May 10, 2023.
Feb. 2024 Submission for 2024
On Feb. 16, 2024, NORFSA issued guidance on self-reporting for companies listed until Dec. 31, 2023, subject to accounting control KRT-1003; exemption if listed later.
Estimated date for publication of KRT-1003 via Altinn is Mar. 8, 2024; the reporting deadline to be respected is May 8, 2024; help via the guidance in pdf and excel form.
