Norway

Stock savings account proposed to cover Euronext Growth

by Sara Næss and Morten Platou

Published:

Working on laptops

The Ministry of Finance has on, 22 June 2026, issued a consultation proposal to expand the Norwegian stock savings account (Nw. aksjesparekonto ("ASK")) scheme to include shares and equity certificates traded on multilateral trading facilities, including Euronext Growth. The changes are proposed to take effect from 1 January 2027, with a consultation deadline of 3 August 2026.

What is changing?

A Norwegian ASK is a personal investment account that lets individuals hold certain investments within a tax-favoured wrapper. Its main advantage is that an individual can buy and sell investments inside the ASK without triggering taxation on the gains; tax is only due when funds are withdrawn beyond deposited capital.

Currently, only shares listed on a regulated market or stock exchange qualify for the ASK scheme. The proposal would extend eligibility to shares admitted to trading on any multilateral trading facility, opening the scheme to the growing universe of small and mid-cap growth companies listed on venues such as Euronext Growth for the first time.

Key points for investors

  • Gains and dividends on newly eligible shares can be reinvested within the account free of immediate tax, on the same terms as existing ASK holdings.
     
  • There will be no tax-free rollover of shares already held outside an ASK. Existing Euronext Growth positions must be sold and repurchased, crystallising any accrued gain.
     
  • The Ministry is also examining a further expansion to cover bonds and fixed income funds, with a separate consultation expected in autumn 2026.

Do you have any questions?