VPS Newsletter November 2016

The National Budget allows for a new share savings account for private investors

The proposal involves the introduction of a share savings account where gains can be reinvested without being taxed on an ongoing basis. VPS has been a driving force for such a solution and we will, in collaboration with our clients, clarify how investors will get access to such a savings scheme in the longer term. Read more

VPS development plan for the coming years

In August, we launched Road Map 1.0 for our clients. We have some ambitious targets and we are working very structured to meet those targets. Read more

SWIFT Release 2016

The 2016 upgrade, SR2016, will go live on Sunday 20 November.  This year it will touch the ISO 15022 and ISO 20022 messages sent through the SWIFT system. Read more

The “FLUB” lives on

Do you know what a FLUB is? Find out here

VPS offers a new service for verification of account numbers

In February, Norwegian banks launched an account and address register (KAR) for verification of account numbers.  VPS is now able to offer our clients a query function against KAR via a new service in the Fund Services solution. Read more

International exchange of tax information FATCA/CRS

VPS’ role in the exchange of tax information is to arrange for the account operators’ compulsory reporting to the Norwegian tax authorities. VPS offers a service that allows account operators to register the investors to be reported for FATCA/CRS. Read more

Share Savings Account

VPS will, in collaboration with our clients, investigate how a share savings account, as proposed in the National Budget 2017, can be offered to the investors. Read more about the tax benefits attached to a Share Savings Account

VPS changes its mail address as of 1 December 2016

Posten Norge, the Norwegian mail distribution company, has decided to change our mail address as from 1 December 2016.  Read more