We see a growing market for NDRs, and other players are also considering entering this market.
Read more to learn how we can assist your company in issuing NDRs in the Norwegian market.
As the first Registrar in the Norwegian market, Equro is excited to announce that we now offer
non-Norwegian companies the ability to issue Norwegian Depository Receipts (NDRs) to target the Norwegian market.
This instrument has been made possible due to the adoption of the European Union's Central Securities Depository Regulation (CSDR) (Regulation EU no 909/2014)
in Norway. This instrument has been available in Euronext Securities Oslo VPS earlier but has now been re-launched by Equro.
The previous method of registering shares through the Single Security Link (SSL) is no longer permitted in Norway. NDRs can be listed on one of the
marketplaces on the Oslo Stock Exchange, traded on the Norwegian OTC market, or held privately.
We have worked closely with companies to convert their shares held by the SSL method to NDRs,
as recently demonstrated by our assistance to several companies.
The NDRs represent the beneficial interests in an underlying share which will be held in deposit by a licensed institution in Norway, which will also act as the issuer of the NDRs. The NDRs will receive a Norwegian ISIN number, making it a more efficient way for foreign companies to make their shares available in Norway.
In an increasingly complex and regulated market, it becomes even more important for companies to have reliable systems and processes in place. Equro's digital share ledger represents such a solution, not only aiding in complying with the new EU regulations but also simplifying and streamlining shareholder administration.
Feel free to contact us if you want to know more about our solutions.
Did you know that we submit several thousand shareholder register reports via Altinn every year and are thus one of Norway's largest providers to the Norwegian Tax Administration?