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Rules and regulations
Oslo Clearing ASA has a license as a clearing house according to the Norwegian Securities Trading Act, and is subject to supervision by the Banking, Insurance and Securities Commission, the Norwegian FSA. This is the public supervisory authority for the Norwegian financial sector.
Oslo Clearing provides one Rulebook for each product area. These rulebooks also include the different agreements necessary to engage in the clearing process. According to Norwegian law, Oslo Clearing must abide by strict confidentiality requirements, as stated in the confidentiality statement.
Oslo Clearing is, due to its license as a clearing house, obliged to have a Control Committee elected by the General Meeting. The Control Committee supervises the company’s business and ensures that Norwegian and international laws, regulations and conditions, as well as internal rules and decisions made by the company’s decision-making body, are upheld. The General Meeting stipulates the instructions for the Control Committee. The Control Committee submits their annual report to the General Meeting and to the Banking, Insurance and Securities Commission, the Norwegian FSA.
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