Investment Fund Market Guide – Norway


Key features (Register market)




Settlement free of payment



Settlement against payment


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

Disclosure Requirements


Refer to Disclosure Requirements – Investment Funds – Norway.

Restrictions on customer


Refer to Holding Restrictions – Investment Funds – Norway.

Restrictions on settlement






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 Market 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 regard to Alternative Investment Fund, only AIFs where the register of the shareholders is held with Verdipapirsentralen ASA (VPS) can be made eligible in CBL.

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 Market Link Guide – Norway for more information)

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