Legal framework

Euronext Securities Oslo (ES-OSL) activities are subject to regulation and subject to supervision by the Financial Supervisory Authority of Norway.

ES-OSL is authorised according to CSDR

Euronext Securities Oslo has from 1 March 2022 obtained the CSD authorization in accordance with the Central Securities Depository Regulation (CSDR). 

Norwegian CSD Act per 15 May 2021 (unofficial translation)

Public disclosure on Settlement Fails Article 15 Delegated Regulation (EU) 2018/1229 – 2022

Settlement Fails 2022 – article 15 (pdf. 95 kb)

Central Security Depository Regulation (CSDR)

Regulation (EU) No 909/2014 of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories is transposed into Norwegian Law in the Act of 15 March 2019 no. 6 on central securities depositories and securities settlement etc. (the CSD Act). 

ES-OSL obtained the CSDR authorisation from 1 March 2022, and from that time on, the new CSD Act and CSDR will apply to market players in the Norwegian market. 

ES-OSL has established new Rules for the CSD activities that apply from this date. 

VPS Rules into force 6 July 2022
VPO NOK Rules in force under CSDR
Service Level Agreement to Registration Rules in force under CSDR
Appendix A – SLA to Registration Rules in force under CSDR

ES-OSL’s securities settlement system VPO NOK has been approved by Finanstilsynet in accordance with the Payment Systems Act and is a designated payment and securities settlement systems notified according to Article 10(1) of the Settlement Finality Directive (98/26/EC). 

Consultation surrounding the implementation of SRDII into the Norwegian market

Consultation letter

ES-OSL – VPS rules – SRDII – consultation

Guide to VPS’ rules for registration activities

Euronext Securities Oslo has prepared a guide for the purpose of providing an overview of rules set out in Euronext Securities Oslo’s Rules for Registration Activities and Related Ancillary Services that are particularly relevant for holders of an account in the securities register.


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. mandatory for

  • Issuers
  • Settlement Participant and Account Operators

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

Read more

Fee Schedule

The Fee Schedule is the list of prices for the most commonly used services related to the roles as account operator for investors and issuers as well as settlement participants. Please note that the fee schedule does not contain the fees charged for our fund services.

Euronext Securities Oslo Fee Schedule (pdf 632 KB), applicable from 1st February

Euronext Securities Oslo Changes to Fee Schedule effective from 1 February 2023 (pdf 73 KB)

Price policy (pdf 118 KB)

Articles of Association

The Article of Association provides full details about Euronext Securities Oslo.

Articles of Association