VPS is authorised to operate as a central securities depository in Norway by the Norwegian Ministry of Finance. The approval to operate a SSS is given by Finanstilsynet. Our activities are subject to regulation by the Ministry of Finance and are subject to supervision by the Financial Supervisory Authority of Norway.

VPS Rules for Registration of Financial Instruments (pdf, 307 kB)

VPO NOK Rules (pdf, 768 Kb)

Account Operator Agreement (pdf, 77 kB)

 

LEI – Legal Entity Identifier

The Global Legal Entity Identifier System was established by initiative of the G20 forum and the Financial Stability Board.  LEI is a unique, global alfanumerical code of 20 digits.  It is used to identify legal entities participating in financial transaction and in connection with financial reports

The implementation of a Legal Entity Identifier (LEI) and jurisdiction is i.a. manatory for

  • Issuers
  • Settlement Participant and Account Operators

A legal entity may only have one LEI which is valid on a global basis.

Read more about LEI

 

CPSS-IOSCO principles for financial market Infrastructures

In April 2012, The Committee on payment and settlement systems (CPSS) and The international organization of securities commissions (IOSCO) decided on the new Principles for financial market infrastructures. VPS performed a self assessment in relation to the principles during the autumn 2013. The assessment finds that VPS observes all of the requirements in the CPSS-IOSCO principles with a minor exception regarding the principle for legal basis, the principle for default management, the principle for indirect participation and the principle on FMI links. These four principles were only found to be broadly observed.

Read more about the CPSS-IOSCO principles

 

Code of conduct

The EU is undertaking an extensive program of work to harmonise the European securities market. VPS is participating in this program, and is a signatory to the European Code of Conduct for Clearing and Settlement that was issued in 2006.

More information on the Code of conduct