Extended permission is given to DnBNor ASA to continued excess of ownership limit in Oslo Brs VPS Holding ASA. The permission is effective until 30 June 2010.
According to SEB, current exception has to some extent prevented international influence over the Norwegian trading and post-trading scene, a situation which has been prevailing since 2004 when the first exception was granted. This kind of influence will be even more important during 2009 when Norway plans to introduce CCP functionality. The model for this is still not decided but there are indications that VPS will choose a silo structure also for clearing.
L.D.