In connection with the launching of T2S back in 2015, VPS initiated the re-establishment of the T2S NUG (Norwegian User Group) which had been inactive since 2012.
A desire to follow the development of T2S, as well as what happens in countries around us, resulted in meetings with Norges Bank (the Norwegian Central Bank), and the industry organisations FNO (Finance Norway), VPFF (the Norwegian Securities Dealers Association) and VFF (the Norwegian Fund and Asset Management Association), where the issue of re-establishment of the user group was discussed. The meeting concluded that it would be convenient to re-establish the Norwegian user group. Jan Penne, representing FNO is heading the T2S NUG whereas VPS is acting as secretary.
A separate working committee will prepare the cases and the user group will be a larger forum where the meetings will be used to present cases for information, discussion and decision. Going forward, regular meetings will be held and we hope in this way to get a good and thorough process leading to a decision on whether or not Norway is going to participate in T2S.
