Securities

Updated: 22 November 2023

Next update: 22 February 2024

Changes in stocks of listed shares
Changes in stocks of listed shares
2nd quarter 2023 - 3rd quarter 2023
6.3
%
Stocks of securities registered with Verdipapirsentralen by type of security. NOK billion and per cent
Stocks of securities registered with Verdipapirsentralen by type of security. NOK billion and per cent
3rd quarter 20222nd quarter 20233rd quarter 2023Changes in per cent
2nd quarter 2023 - 3rd quarter 20233rd quarter 2022 - 3rd quarter 2023
Stocks (market value)
Shares (listed)3 6523 6813 9136.37.2
Equity certificates911051050.015.3
Long-term debt securities2 6532 7552 7991.65.5
Short-term debt securities1451401432.0-1.5
Total6 5416 6816 9604.26.4
Explanation of symbols

Selected tables and charts from this statistics

  • Stocks of securities registered with Verdipapirsentralen, by holding sector and type of security. Market value. NOK million
    Stocks of securities registered with Verdipapirsentralen, by holding sector and type of security. Market value. NOK million
    3rd quarter 2023
    Shares (listed)Equity certificatesLong-term debt securitiesShort-term debt securities
    Total3 913 457104 8312 798 726143 104
    Non-financial corporations539 85515 41259 01931 495
    Public unincorporated enterprises, owned by central government0000
    Public incorporated enterprises, owned by central government18 801612 11927 431
    Public unincorporated enterprises, owned by local government50370
    Public incorporated enterprises, owned by local government54411910 3563 654
    Private non-financial incorporated enterprises517 95815 20633 703410
    Private non-financial unincorporated enterprises711610
    Private non-profit institutions serving enterprises2 477662 8030
    Financial corporations364 22520 4091 707 63778 130
    Norges Bank7000
    Banks16 0992 235719 14521 566
    Mortgage companies0697 5127 641
    Finance companies00150
    State lending institutions etc.0000
    Financial holding companies1 10136 1990
    Mutual funds218 51510 733346 44723 952
    Alternative investment funds (AIF) excluding mutal funds5 1713051 138..
    Other financial enterprises, except insurance companies and pension funds95 4683 17311 9087 040
    Life insurance companies and pension funds27 0373 649464 72514 385
    Non-life insurance companies82730560 5493 547
    General government1 204 616228146 05416 114
    Central government1 204 3253137 87316 103
    Local government2912258 18012
    Non-profit institutions serving households44 99440 6256 476717
    Households162 23716 5948 64485
    Unincorporated enterprises within households20120
    Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0000
    Employees, recipients of property income, pensions and social contributions, students etc.162 21716 5928 64285
    Rest of the world1 597 38511 542870 88316 563
    Unspecified sector14621120
    Explanation of symbols
  • Net purchases of securities registered with Verdipapirsentralen, by purchasing sector and type of security. Market value. NOK million
    Net purchases of securities registered with Verdipapirsentralen, by purchasing sector and type of security. Market value. NOK million
    3rd quarter 2023
    Shares (listed)Equity certificatesLong-term debt securities issued in NorwayShort-term debt securities issued in Norway
    Total-8 4397054 9392 746
    Non-financial corporations-1 400-157-824382
    Public unincorporated enterprises, owned by central government0000
    Public incorporated enterprises, owned by central government5 459..-1 869-1 182
    Public unincorporated enterprises, owned by local government..0..0
    Public incorporated enterprises, owned by local government00-1 1342 030
    Private non-financial incorporated enterprises-6 877-1562 116-466
    Private non-financial unincorporated enterprises-80-60
    Private non-profit institutions serving enterprises26-1690
    Financial corporations2 3278344 1514 735
    Norges Bank0000
    Banks1 6563516 519-2 097
    Mortgage companies0..-3 808-4 919
    Finance companies00..0
    State lending institutions etc.0000
    Financial holding companies534..1 4760
    Mutual funds3 110277 6875 538
    Alternative investment funds (AIF) excluding mutal funds108-5110-10
    Other financial enterprises, except insurance companies and pension funds-3 354113 558-798
    Life insurance companies and pension funds1722517 1565 751
    Non-life insurance companies102-101 4511 270
    General government23201 161-4 145
    Central government225..2 565-4 145
    Local government70-1 4040
    Non-profit institutions serving households-81125246-2
    Households-1 486-8327713
    Unincorporated enterprises within households-1..20
    Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0..00
    Employees, recipients of property income, pensions and social contributions, students etc.-1 485-8327513
    Rest of the world-8 0291039 9301 763
    Unspecified sector-30-10
    Explanation of symbols
  • Paid out dividends on listed shares registered with Verdipapirsentralen, by paying sector. NOK million
    Paid out dividends on listed shares registered with Verdipapirsentralen, by paying sector. NOK million
    4th quarter 20221st quarter 20232nd quarter 20233rd quarter 2023
    Total45 23646 918123 79443 459
    Non-financial corporations42 42338 77692 92839 270
    Public unincorporated enterprises, owned by central government0000
    Public incorporated enterprises, owned by central government28 21928 13138 20427 967
    Public unincorporated enterprises, owned by local government0000
    Public incorporated enterprises, owned by local government0000
    Private non-financial incorporated enterprises14 20410 64554 72411 303
    Private non-financial unincorporated enterprises0000
    Private non-profit institutions serving enterprises0000
    Financial corporations..4 61923 707165
    Norges Bank0000
    Banks....21 498..
    Mortgage companies0000
    Finance companies0000
    State lending institutions etc.0000
    Financial holding companies....1 715..
    Mutual funds0000
    Alternative investment funds (AIF) excluding mutal funds0000
    Other financial enterprises, except insurance companies and pension funds....329..
    Life insurance companies and pension funds0000
    Non-life insurance companies..4 619165165
    General government0000
    Central government0000
    Local government0000
    Non-profit institutions serving households0000
    Households0000
    Unincorporated enterprises within households0000
    Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0000
    Employees, recipients of property income, pensions and social contributions, students etc.0000
    Rest of the world2 8143 5237 1594 025
    Explanation of symbols
  • Paid out dividends on listed shares registered with Verdipapirsentralen, by receiving sector. NOK million
    Paid out dividends on listed shares registered with Verdipapirsentralen, by receiving sector. NOK million
    4th quarter 20221st quarter 20232nd quarter 20233rd quarter 2023
    Total45 23646 918123 79443 459
    Non-financial corporations3 8752 89212 5173 427
    Public unincorporated enterprises, owned by central government0000
    Public incorporated enterprises, owned by central government....61..
    Public unincorporated enterprises, owned by local government........
    Public incorporated enterprises, owned by local government....12..
    Private non-financial incorporated enterprises3 8562 87612 3603 408
    Private non-financial unincorporated enterprises..121
    Private non-profit institutions serving enterprises18158118
    Financial corporations2 2945 0929 7372 170
    Norges Bank........
    Banks527225154
    Mortgage companies0000
    Finance companies0000
    State lending institutions etc.....00
    Financial holding companies........
    Mutual funds1 7291 4807 5301 606
    Alternative investment funds (AIF) excluding mutal funds453915338
    Other financial enterprises, except insurance companies and pension funds2543 302928276
    Life insurance companies and pension funds200195849193
    Non-life insurance companies134263
    General government20 92520 75446 88720 546
    Central government20 92320 75246 87620 544
    Local government21111
    Non-profit institutions serving households40312 48848
    Households1 3281 5685 1041 588
    Unincorporated enterprises within households........
    Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0000
    Employees, recipients of property income, pensions and social contributions, students etc.1 3281 5685 1041 587
    Rest of the world16 74416 50747 02415 644
    Unspecified sector30753637
    Explanation of symbols
  • Issues of debt securities, by issuing sectors. Face values in NOK million
    Issues of debt securities, by issuing sectors. Face values in NOK million
    3rd quarter 20224th quarter 20221st quarter 20232nd quarter 20233rd quarter 2023
    Debt securities issued in Norway
    Long-term debt securities issued in Norway148 805157 771232 919161 802165 981
    - domestic issuers128 116124 598198 247124 062125 409
    Short-term debt securities issued in Norway75 43376 80989 44583 27083 691
    - domestic issuers75 41776 79489 13783 25383 674
    Debt securities issued by Norwegian entities abroad
    Long-term debt securities issued abroad74 19868 32961 35370 04945 189
    Sertifikater emittert i utlandet446 662416 558352 894316 348344 547
    Non-financial corporations
    Long-term debt securities issued in Norway12 86714 21935 88520 64323 396
    Long-term debt securities issued abroad4 9995 9973 01434 9360
    Short-term debt securities issued in Norway13 1599 29213 20410 38213 863
    Short-term debt securities issued abroad76 46992 18367 04060 82985 817
    Financial corporations
    Long-term debt securities issued in Norway84 35688 998104 15281 54774 821
    Long-term debt securities issued abroad69 19862 33258 34035 11345 188
    Short-term debt securities issued in Norway9501 2501 8759501 370
    Short-term debt securities issued abroad370 191324 375285 854255 518258 730
    General government
    Long-term debt securities issued in Norway30 89321 38158 21121 87023 191
    Long-term debt securities issued abroad00000
    Short-term debt securities issued in Norway61 30866 25274 05871 92268 441
    Short-term debt securities issued abroad00000
    Rest of the world
    Long-term debt securities issued in Norway20 68933 17234 67237 74040 572
    Short-term debt securities issued in Norway16143081617
    Explanation of symbols
  • Debt securities, by issuing sectors. Outstanding amounts. Face values in NOK million
    Debt securities, by issuing sectors. Outstanding amounts. Face values in NOK million
    3rd quarter 20224th quarter 20221st quarter 20232nd quarter 20233rd quarter 2023
    Debt securities issued in Norway
    Long-term debt securities issued in Norway2 712 5202 729 9562 847 0532 824 6102 874 542
    - domestic issuers2 275 0952 287 0822 372 4222 344 8042 394 937
    Stort-term debt securities issued in Norway146 206150 782148 526141 362144 157
    - domestic issuers145 903150 782148 204141 015144 151
    Debt securities issued by Norwegian entities abroad
    Long-term debt securities issued abroad2 042 8481 978 0322 083 0662 096 0432 038 254
    Stort-term debt securities issued abroad227 647279 948278 636300 150304 150
    Non-financial corporations
    Long-term debt securities issued in Norway430 681414 375431 445425 711426 409
    Long-term debt securities issued abroad476 134465 834505 614535 624511 485
    Stort-term debt securities issued in Norway16 62014 31013 93510 58516 124
    Stort-term debt securities issued abroad4952 62514 80026 668244
    Financial corporations
    Long-term debt securities issued in Norway1 135 1201 154 3961 214 0861 236 6881 269 217
    Long-term debt securities issued abroad1 566 7141 512 1981 577 4521 560 4181 526 768
    Stort-term debt securities issued in Norway1 5501 8503 1752 9753 020
    Stort-term debt securities issued abroad227 151277 322263 836273 482303 907
    Central government
    Long-term debt securities issued in Norway709 294718 312726 890682 405695 311
    Long-term debt securities issued abroad00000
    Stort-term debt securities issued in Norway127 734134 622131 095127 455125 008
    Stort-term debt securities issued abroad00000
    Rest of the world
    Long-term debt securities issued in Norway437 426442 874474 631479 806479 605
    Stort-term debt securities issued in Norway30303223485
    Explanation of symbols
  • Debt securities. Issues, redemptions, gross changes and outstanding amounts, by issuing sector. Face values in NOK million
    Debt securities. Issues, redemptions, gross changes and outstanding amounts, by issuing sector. Face values in NOK million
    3rd quarter 2023
    Opening balanceIssues (face value) (NOK million)Redemptions (NOK million)Changes in sector classification and exchange rates (NOK million)Closing balance
    Debt securities issued in Norway and by Norwegian entities abroad5 362 165639 406-568 857-72 1505 361 103
    - Norwegian entitites4 882 012598 819-531 334-68 5444 881 492
    Debt securities issued in Norway2 965 972249 672-191 467-5 4783 018 699
    - Norwegian entitites2 485 819209 083-153 946-1 8682 539 088
    Non-financial corporations
    Long-term debt securities issued in Norway425 71123 396-21 092-1 606426 409
    Long-term debt securities issued abroad535 6240-11 479-12 660511 485
    Short-term debt securities issued in Norway10 58513 863-8 324016 124
    Short-term debt securities issued abroad26 66885 817-112 150-91244
    Financial corporations
    Long-term debt securities issued in Norway1 236 68874 821-42 031-2611 269 217
    Long-term debt securities issued abroad1 560 41845 188-29 603-49 7741 526 768
    Short-term debt securities issued in Norway2 9751 370-1 32503 020
    Short-term debt securities issued abroad273 482258 730-224 157-4 148303 907
    Central government
    Long-term debt securities issued in Norway682 40523 191-10 2861695 311
    Long-term debt securities issued abroad00000
    Short-term debt securities issued in Norway127 45568 441-70 8880125 008
    Short-term debt securities issued abroad00000
    Rest of the world
    Long-term debt securities issued in Norway479 80640 572-37 169-3 604479 605
    Short-term debt securities issued in Norway34817-353-75
    Explanation of symbols
  • Debt securities issued in Norway, by borrowing sectors and remaining maturity. Outstanding amounts at face value (NOK million)
    Debt securities issued in Norway, by borrowing sectors and remaining maturity. Outstanding amounts at face value (NOK million)
    <= 1 year> 1 year <= 2 years> 2 years <= 5 years> 5 years <= 10 years> 10 years <= 20 years> 20 yearsTotal
    Original maturity
    Outstanding amounts in total from debt securities issued in Norway129 78724 4531 089 0321 041 746633 136100 5443 018 698
    Non-financial corporations17 7511 093180 160177 30856 3909 833442 535
    Banks3 5772 375144 832170 13434 80733 244386 842
    Other financial corporations1 4702 053399 785405 95254 30721 828885 395
    Central government and social security funds45 99714 00018 28056 270437 67818 750590 975
    Local government63 1204 21076 12960 62625 020240229 345
    Non-profit institutions serving households
    Households
    Rest of the world0723269 846171 45724 93412 650479 610
    Remaining maturity
    Outstanding amounts in total from debt securities issued in Norway585 613522 7941 330 356463 48940 31576 1313 018 698
    Non-financial corporations69 68882 803211 86770 3371 3556 483442 533
    Banks58 68472 917162 33255 4274 24533 236386 841
    Other financial corporations159 967158 655491 39845 4279 72020 228885 395
    Central government and social security funds132 89765 117155 218218 99318 750.590 975
    Local government101 58138 29852 92232 5444 000.229 345
    Non-profit institutions serving households00....0
    Households00....0
    Rest of the world62 797105 005256 61840 7612 24512 185479 611
    Explanation of symbols
  • Outstanding amounts from debt securities issued abroad by domestic borrowing sectors and maturity. Outstanding amounts at face value in NOK million.
    Outstanding amounts from debt securities issued abroad by domestic borrowing sectors and maturity. Outstanding amounts at face value in NOK million.
    <= 1 year> 1 year <= 2 years> 2 years <= 5 years> 5 years <= 10 years> 10 years <= 20 years> 20 yearsTotal
    Original maturity
    Outstanding amounts in total from debt securities issued by Norwegian entities abroad304 15019 004593 041848 417390 190187 6022 342 404
    Non-financial corporations244031 377181 032188 529221 096511 731
    Banks296 43017 260226 880143 22917 01913 192714 010
    Other financial corporations7 4771 744334 784524 156184 64263 8621 116 665
    Remaining maturity
    Outstanding amounts in total from debt securities issued by Norwegian entities abroad576 222331 885851 935408 638117 81055 9142 342 404
    Non-financial corporations18 57264 702143 455188 56764 56731 868511 731
    Banks384 32694 986211 3798 88810 7623 669714 010
    Other financial corporations173 325172 198497 101211 18342 48120 3771 130 358
    Explanation of symbols

About the statistics

The securities statistics provide a current overview of the issue and ownership of securities registered in VPS as well as Norwegian entities' debt securities abroad. Parts of the data basis are also input to the national accounts, balance of payments, financial sector accounts and credit indicators.

Euronext VPS (Verdipapirsentralen) is the only central securities depository in Norway and handles the settlement of transactions in securities and the registration of ownership rights over securities.

Types of securities:

Listed shares entails shares listed for trade at the Oslo Stock Exchange (OSE), Euronext Expand or Euronext Growth.

Unlisted shares entails shares not listed for trade at an exchange, do not have a listed market price, and are therefore usually less liquid.

Equity certificates are special kind of equity instrument issued by savings banks and mutual insurance companies. Equity certificates are very similar to shares, but differ with regards to ownership rights and influence in the company.

Long-term debt securities are debt securities with a duration longer than one year that can be divided between several lenders as standardized partial long-term debt securities without the borrower's approval. A long-term debt security is a negotiable financial instrument.

Short-term debt securities are debt securities with duration less than one year.

An issue is the opening of a new loan.

The issuer is the institutional owner who raised the loan and registers it in his balance sheet (the original borrower). The institutional owner is not always an individual legal entity.

The borrower is the institution registering the loan in his balance sheet. This institution may differ from the issuing institution as a result of mergers, demergers, bankruptcies etc.

Valuation:

The market values of the stocks of securities in Norway are determined by available prices. For listed securities, they will mainly be market prices from the Oslo Stock Exchange and Euronext. For unlisted securities, the latest available prices from transactions, annual assessment rates from tax purposes or nominal prices are chosen in a preferred order. From the 4th quarter of 2006, observed transaction rates are used to estimate market values of non-listed securities.

Transaction prices are based upon information about actual payments registered in the VPS, or calculated amounts if no actual payments are available. Where no actual payments are specified, market prices from OSE are used for individual trading dates in order to determine traded amounts for transactions. From the 4th quarter of 2006 observed transaction rates are used to estimate transaction values for non-listed securities

Dividends/coupon payments are actual paid out amounts during a period.

Sector and industry categorization information is based on what is registered at the Coordinating Register for Legal Entities Enterprises. This classification is based on international requirements in SNA2008 (System of National Accounts)/ ESA2010 (European System of Accounts) and NACE Rev.2 (European Classification of Economic Activities).

ISIN is an abbreviation for International Securities Identification Number and is a code that uniquely identifies a specific security. It is assigned by the Norwegian Central Securities Depository and based on the international standard ISO 6166:2001.

CFI is an abbreviation for Classification of Financial Instruments and is based on the international standard ISO 10962:2001. The Norwegian Central Securities Depository is responsible for the assignment of CFI codes.

Name: Securities
Topic: Banking and financial markets

22 February 2024

Division for Financial Markets Statistics

National level, no regional divisions.

Quarterly. Normally published 6-7 weeks after the end of the statistics quarter

BIS - Bank for International Settlements

Time series are stored in a database solution.

The statistics consists of data from the previously published statistics, “Debt securities” and “ Securities registered with the Norwegian Central Securities Depository” , published as " Securities "as of Q1 2016. "Securities"' data series go back to Q4 2014,while older data series can be found by use of the statistics "Debt Securities" and "Securities registered within The Norwegian Central Securities Depository".

The purpose of the statistics is to provide a current overview of the issue and ownership of securities registered in VPS as well as Norwegian entities' debt securities abroad. Parts of the data basis are also input to the national accounts, balance of payments, financial sector accounts and credit indicators.

Figures for outstanding amounts of long-term debt securities are available back to 1899. Figures for issues of long-term debt securities are available back to 1914. Historical figures on nominal yields are available back to 1900.Figures for short-term debt securities are available back to 1985. Figures for issues outside Norway by residents are available back to 1988.

Details of figures on numbers of issues of debt securities in Norway are available from 1998, while details of figures on numbers of issues abroad are available from 2001.

Major users, in addition to Statistics Norway, are users representing the securities market, public authorities and research institutes.

No external users have access to the statistics before they are published and accessible simultaneously for all users on ssb.no. Prior to this, a minimum of three months' advance notice is given in the Statistics Release Calendar

The statistics is adjusted in accordance with the national accounts recommendations.

The Statistics Act § 10

Council regulation 2223/96

The statistics consists of data from the previously published statistics, “Debt securities” and “ Securities registered with the Norwegian Central Securities Depository”, published as " Securities "as of Q1 2016. The statistics presents stock and transaction data in face values as well as market values for the following types of securities registered in VPS:

  • All shares issued by public limited companies (PLC) and a share of private limited companies. Also included are a part of or the whole share capital of foreign registered Companies.
  • Equity certificates, including all equity certificates listed on the Oslo Stock Exchange.
  • Bonds, including all bonds of short- or long maturity issued in Norway in NOK or foreign currency. Bonds in foreign currency are included in the statistics from the 4th quarter of 2006.
  • Short-term debt securities issued in Norway in NOK or foreign currency, including treasury bills issued by the Norwegian state since July 2000. Short-term debt securities in foreign currency are included in the statistics from the 4th quarter of 2006.

In addition, the statistics have information about issues and outstanding amounts in nominal values from debt securities issued by Norwegian entities abroad.

For all debt securities issued in Norway and abroad, the statistics also have information about numbers of issues and the link between outstanding amounts, issues, redemptions and changes in outstanding amounts caused by changes in sector classification and exchange rates in nominal values. From 2013, debt securities that have been converted into shares or other types of loans are included as "Changes in sector classification and exchange rates".

Full sample. Information from The Norwegian Central Securities Depository (VPS), Oslo Stock Exchange (OSE), Norwegian Trustee and forms (RA-0622) contending details from issues sent to Statistics Norway.

Extracts of primary data from securities in Norway are received monthly from the Norwegian Central Securities Depository (VPS). Market values and transaction information are received currently from Euronext and VPS. Exchange rate information is received by the Norges Bank. Data from debt securities issued by Norwegian entities abroad are sent by issuers to Statistics Norway every month by use of a form (RA-0622).

Data is controlled at an individual security level (ISIN level) against previous reported periods. The development in the value of listed shares and bonds is revised against data published by OSE and VPS. Figures for outstanding debts are co-ordinated with the accounting statistics. Details of debt securities issued by residents abroad are also controlled against data reported to the BIS and other national and international registers.

Data series are revised on an ongoing basis and published together with data for the new statistical period.

Not relevant

Statistics Norway's standard confidentiality rules apply.

All "Securities"' data series go back to Q4 2014,while older data series can be found by use of the statistics "Debt Securities" and "Securities registered within The Norwegian Central Securities Depository".

Changes in legislation, changes in regulations for registration requirements in the VPS, and the introduction of new classification standards may lead to interrupted time series.

2006: Adjustment in securities statistics:

An change in the statistics to a more detailed reporting in the 4th quarter of 2006, means that the sector and industry categorization is based on information from the Central Coordinating Register for Legal Entities Enterprises, and no longer from the Central Security Depository (VPS) itself. This caused some changes in the ownership of some securities. The sectors “Other financial corporations” and “Other non-financial corporations” and “Local government and municipal enterprises” were significantly affected by this change.

Further, the adjustment in the statistics lead to more use of observed prices from transactions for calculation of market values of securities, which particularly improved the estimation in value of unlisted shares. Calculations showed that the total value of unlisted shares registered with the VPS increased by NOK 107 billion (64 per cent) as a consequence of changed method of calculation.

The adjustment of the securities statistics also meant that bonds issued in foreign currency was included in the statistics. This lead to a NOK 20 billion increase in the market value of the stocks of bonds.

Changes in the periodic distribution of issues and outstanding amounts of debt securities from 2007:

In publications up to 2007 and the statistics bank, the periodic distribution of issues and outstanding amounts of debt securities up to 2007 is based on information about the date of the loan's approvement. This date can deviate from the date of which an issue actually took place. The periodic deviation may cause marginal errors for total amounts, but errors may be more obvious at sector level. The periodic distribution of issues and outstanding amounts of debt securities in 2007 - 2011 is based on a combination of information about the date of the loan's approvement and issue dates. The periodic distribution of issues and outstanding amounts of debt securities from 2011 is based on details of actual issue dates whereby the distribution of issues and outstanding amounts for periods should be correct.

2012: New standard for sector classification was introduced.

A new institutional sector classification was introduced from January 2012. One of the most significant changes is that the demarcation between financial – and non-financial sector was shifted so that financial sector increased in size. In addition, some new financial sectors were introduced such as “investment trusts and private equity funds” and “financial holding companies”.

The introduction of the new sector classification leads to a break in the statistics. The new tables will contain data from the first quarter of 2012 and onwards. The older tables will not be updated with new time series.

2012: New divide between listed - and unlisted shares

From 2012 and onwards, the statistics the distinguishes between listed - and unlisted registered with the VPS. Listed shares entails shares registered for trade at the Oslo Stock Exchange or Oslo Axess.

From 2013, debt securities that have been converted into shares or other types of loans are included as "Changes in sector classification and exchange rates".

Updated information about debt securities:

Time series breaks may exist due to access to new information, alterations in the legal framework and in the registration rules of the Norwegian Central Securities Depository.

The tables are updated with figures for these new data from 2012.

2020: New divide between listed - and unlisted shares

From 2020 listed shares entails shares registered for trade at the Oslo Stock Exchange, Euronext Expand or Euronext Growth.

To the degree that the fixed delivery from VPS contains errors or defects, this could affect the statistics. Processing and control routines have been established in order to detect and correct such errors and defects.

In cases where an owner of a security is registered on a nominee account of a financial enterprise, and in cases where different types lending of securities occur, others than the genuine owners will be registered in the VPS register. This can to some extent cause the application of sectors to owners of holdings and transactions to be imperfect.

In publications up to 2007 and the statistics bank, the periodic distribution of issues and outstanding amounts of debt securities up to 2007 is based on information about the date of the loan's approvement. This date can deviate from the date of which an issue actually took place. The periodic deviation may cause marginal errors for total amounts, but errors may be more obvious at sector level. The periodic distribution of issues and outstanding amounts of debt securities in 2007 - 2011 is based on a combination of information about the date of the loan's approvement and issue dates. The periodic distribution of issues and outstanding amounts of debt securities from 2011 is based on details of actual issue dates whereby the distribution of issues and outstanding amounts for periods should be correct.

The statistics on issues by Norwegian residents outside Norway is based on data reported to Norges Bank from the issuers. Unless all the issues are reported, the statistics will contain non-response errors. Due to non-response errors which have been discovered, figures for Norwegian entities' issues abroad were corrected in statistics published in Q3 and Q4 2013, Q3 2015 and Q1 2016.

Data may be revised in future publications.

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