§ 8-1. Entry into force of the Financial Contracts Act (finansavtaleloven)
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The text of the law (unofficial translation)
§ 8-1. Entry into force
(1) The Act applies from the time the Government (Kongen) decides. The individual provisions of the Act may enter into force at different times.
(2) Regulations (forskrifter) issued under Act of 25 June 1999 No. 46 on financial agreements (finansavtaler) and financial intermediation (finansoppdrag) and Act of 20 June 2014 No. 27 on the duty to provide information and the right of withdrawal (angrerett) in distance selling (fjernsalg) and off-premises sales also apply after this Act has entered into force.
What does this mean?
The section says when the Act enters into force. The Government decides the time, and different parts of the Act may enter into force at different times. Regulations issued under two older Acts continue to apply after the new Act has entered into force. The older Acts are the Act on financial agreements and financial intermediation from 1999 and the Act on the duty to provide information and the right of withdrawal in distance selling from 2014. How older agreements are treated is set out in § 8-2, and amendments to other Acts follow in § 8-3.