Glossary entry

Norwegian term or phrase:

prinsippnotat

English translation:

policy statement

Added to glossary by brigidm
Jan 6, 2010 16:23
14 yrs ago
Norwegian term

prinsippnotat

Norwegian to English Bus/Financial Finance (general)
"Prinsippnotat om risikostyring og internkontroll, jf. forskrift om risikostyring og internkontroll § 3 nr. 4".
Vedtas av styret i et selskap.

Proposed translations

18 hrs
Selected

policy statement

Your source refers to a regulation issued by Kredittilsynet, now named Finanstilsynet (The Financial Supervisory Authority of Norway). The regulation is at the first reference link below. The regulation requires firms to establish principles regarding risk management and internal controls.

The second reference link shows the use of "policy statement" by a British firm in the same context.
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4 KudoZ points awarded for this answer. Comment: "Thanks, Charles. The word "notat" can often be misleading, I find."
9 mins

memorandum of understanding

Just a suggestion.
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1 hr

statement of principle

Not entirely sure, though it could fit here if this concerns the company or organization's declaration of their raison d'etre, namely goals, motives/intentions.
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