Investment Fund Market Guide – Norway

31.01.2018

Key features (Register market)

 

Yes/No

Remarks

Settlement free of payment

Yes

 

Settlement against payment

Yes

Refer to CBL’s Eligible currencies and the fund currency specified in fund prospectus.

Disclosure Requirements

Yes

Refer to Disclosure Requirements – Investment Funds – Norway.

Restrictions on customer

Yes

Refer to Holding Restrictions – Investment Funds – Norway.

Restrictions on settlement

No

 

 

 

Remarks

Market type / link type (Settlement link)

Register market and CSD link

Eligible fund types in CBL

Register market: UCITs, National Fund, Special Fund, Alternative Investment Fund

CSD linka: ETFs

 a. Please refer to the Creation Link Guide - Norway for more details about funds on the CSD link.

Eligible fund types in CBL

Register market

Investment funds in Norway can be categorised into

  • UCITs (also known as Ordinary fund)
  • National fund (also known as Domestic fund)
  • Special fund (also known as Specialised fund)
  • Alternative Investment Fund (AIF)

With regards to Alternative Investment Fund, only those AIFs that meet either criterion below are eligible in Clearstream:

  • Unlisted AIFs where its articles of association/fund prospectus does not prohibit nominee registration, or
  • Unlisted AIFs whose shareholders’ register is held with VPS, Verdipapirsentralen ASA

Private equity funds and hedge funds are not covered by a separate legal form under the Norwegian Law. They are generally established in the form of specialised funds or alternative investment funds.

CSD link

(Please refer to the Creation Link Guide – Norway for more information)

Exchange Traded Funds (ETFs) – Generally, listed ETFs have the same settlement process as listed equities.