Oslo Clearing defers launch of a central counterparty for equities

Source: Oslo Børs

In reference to earlier announcements on the establishment of a central counterparty (CCP) for equities, equity certificates and ETFs. Oslo Clearing and Oslo Børs have decided to defer the launch date from 12 May to 4 June 2010.

As a result of the conditions imposed by the Ministry of Finance in its approval of the establishment of a central counterparty for the Norwegian equities market, cf. the announcements earlier this week, Oslo Clearing and Oslo Børs need more time to make the changes necessary to comply with the Ministry of Finance's conditions.

The introduction of a central counterparty will now take place in two stages:

  • 4 June 2010: 5 selected shares in the OBX Index.
  • 18 June 2010: The other shares in the OBX Index, as well as other shares, equity certificates and ETFs listed on Oslo Børs, and shares listed on Oslo Axess.

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