# Norway sovereign wealth funds oppose SEC reporting changes > Live situation record from CLSTR: https://clstr.news/situations/norway-sovereign-wealth-funds-oppose-sec-reporting-changes > Updated: 2026-08-07T13:14:05.000Z. Sources: 4. Developments: 2. Norwegian sovereign wealth managers have repeatedly pushed back against U.S. Securities and Exchange Commission proposals that would loosen reporting requirements. In early August, Folketrygdfondet warned that making quarterly financial reports voluntary could deprive small investors of timely information and reduce market transparency. Later the same day, the Government Pension Fund Global (GPFG) sent a letter urging the SEC to retain its climate‑risk disclosure rules, arguing that such data are vital for investment analysis and risk management. Both funds joined similar concerns voiced by Sweden’s AP7, signalling a coordinated Nordic stance to preserve both financial and climate reporting standards despite regulatory rollbacks. These actions illustrate a broader Norwegian effort to safeguard transparency for investors, whether concerning routine earnings updates or material climate‑related risks. ## Timeline ### 2026-08-07: Norway's sovereign wealth fund opposes SEC climate reporting rollback Norway's $2.3 trillion sovereign wealth fund and Sweden's AP7 warned the U.S. SEC against scrapping climate‑risk disclosure rules, urging preservation of baseline reporting to aid investment decisions. 2 sources. https://clstr.news/cluster/norways-sovereign-wealth-fund-opposes-sec-climate-reporting-rollback ### 2026-08-07: Folketrygdfondet urges Norway to keep quarterly reports as Oljefondet pushes for removal Norway’s Folketrygdfondet warns that cutting quarterly reports could hurt small investors, while Oljefondet backs less frequent reporting, amid a US SEC proposal to make such reports optional. 2 sources. https://clstr.news/cluster/folketrygdfondet-urges-norway-to-keep-quarterly-reports-as-oljefondet-pushes-for-removal --- Cite as: Norway sovereign wealth funds oppose SEC reporting changes. CLSTR, https://clstr.news/situations/norway-sovereign-wealth-funds-oppose-sec-reporting-changes