Control Committee for VPS

The Control Committee comprises three members and one deputy member. The members are elected by the general meeting.

The Control Committee operates in accordance with instructions that are decided by the general meeting and approved by Finanstilsynet.

Members of the Control Committee

  • Jan Henriksen, Chair (2021)
  • Ida Espolin Johnson (2021)
  • Gunn Oland (2021)

The Control Committee oversees the activities of VPS to ensure that it operates in an appropriate and proper manner in accordance with the relevant laws, regulations and the terms of its authorisation, as well as with articles of association and guidelines issued by its corporate bodies. The Control Committee is required to submit a report on its work to the Annual General Meeting.

Extract from the Securities Register Act – Section 4-2 Control committee

Securities registers shall have a control committee comprising at least three members appointed by the general meeting. The control committee shall oversee the institution’s compliance with laws, regulations and the terms of its authorisation, as well as with articles of association and decisions made by the institution’s bodies, and shall assess security-related aspects of the business. The general meeting shall establish instructions for the control committee. The instructions require the approval of Finanstilsynet. The control committee shall report on its work to the general meeting and Finanstilsynet. Finanstilsynet may issue further regulations related to the composition and activity of a security register’s control committee.