Investment firms that have a licence to provide investment services pursuant to the Norwegian securities trading legislation or corresponding foreign legislation may be admitted as ordinary members. In addition it is required that the investment firm has been operating for at least one year and that the investment firm has been through an on-site inspection, conducted by the relevant competent authority, with satisfactory outcome.
It is the Board of the Norwegian Securities Dealers Association which considers applications for membership. The Board may grant exemptions from the requirement of one year of operation and on-site inspections.
The Norwegian Securities Dealers Association currently has 33 ordinary members and 3 associated members. Only ordinary members can vote in the Association or be represented on the Association’s Executive Committee.