Euronext - 2020 Universal Registration Document

Presentation of the Group

CSDR there are also rules regulating ownership of a CSD. Any transfer of ownership rights, which give rise to a change in the identity of the persons exercising control of the CSD needs approval from the competent authority of the CSD. This implies that an acquisition of shareholdings that gives the opportunity to exercise control of the CSD needs approval from the Norwegian FSA.

n Under the current Norwegian Securities Register Act, the rules in respect of ownership restriction for CSD’s are similar to the rules that apply to market operators of a Norwegian stock exchange, described above. An acquisition of a significant holding in a CSD may only take place after authorization from the Norwegian Ministry of Finance. “Significant holding” has the same content as described above for stock exchanges. In the

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2020 UNIVERSAL REGISTRATION DOCUMENT