Law of Value Paper Trade (Value Paper Act)
|Last modified||LO-2015 -12-04-96 from 01.01.2016|
|Published||In 2007 booklet 6|
|Istrontrecation||01.11.2007, 01.01.2008, 01.11.2008, 16.03.2009|
|Card title||Verdict Trade Act vphl.|
The law is set partly ikr. 1 Nov 2007, partly 1 jan 2008 ifg. res. 29 June 2007 # 752, see Section 18-1 -Jof. former law 19 June 1997 No. 79.
The law's purpose is to add right for a secure, orderly and effective trade in financial instruments, it will say securities. The law applies to business in Norway, unless something else is decided.
The law is divided in six parts. Part 1 provides regulations on the purposes of the law and scope and definition of a lot of concepts. Part 2 provides general behavioural regulations and rules of meldduty, running and periodic information alike, public disclosure, and equilibrium. Further, reglr is given about the offering and voluntary offer of acquisition, prospectus of public offering and recording of shares issued that the general stock company to noting at the Oslo Stock Exchange. Part 2 is also treating self-commerce. Part 3 contains rules of value paper enterprises, herunder terms of permission and about border-sending business ; further the business of the securities enterprise and operation of a so-called multilateral trade facility. Part 4 discusses the value paper settlement, herunder general regulations, settlement central and counterbill of certain financial instruments. Part 5 provides rules on supervision and sanctions and Part 6 regulations on the Commencement and transition rules and changes in other laws.
The law replaces former law from 1997.Capital overview :