Regulatory self-classification

REGULATORY
SELF-CLASSIFICATION

PSS activities and services prevents money laundering, corruption and global financial terrorism.

FIA (Financial Institutions Act)

Private scandinatvian sparkasse, limited, is a fully owned subsidiary of Scandinavia AS, which is a financial group according to Financial Institutions Act 2015.

EMIR – Bilateral Margining Requirements

Private scandinavian sparkasse, limited, is subjected to variation margin requirements from March 2017 according to Art. 11 EMIR (EU/648/2012); Delegated Regulation (EU2016/2251).

FATCA (Foreign Account Tax Compliance Act) / CRS (common reporting standard)

Private scandinavian sparkasse, limited, qualifies as a Reporting Norway financial institution for purposes of both U.S. FATCA (Foreign Account Tax Compliance Act) and the Common Reporting Standard (CRS).

MIFIS (Markets in financial instruments directive)

Private scandinavian sparkasse, limited, is an “Eligible Counterparty” according to Art. 24(1) [2004/39/EC] and is an “Investment firm” according to Art. 4(1) [2004/39/EC]. [These classifications will still apply under MIFID 2 (2014/65/EU)]

FinfraG (Finazmarktinfrastrukturgesetz)

Private Scandinavian sparkasse, limited, would be considered a financial counterparty+(FC+) according to FinfraG art 99 and is fully compliant with EMIR [EU/648/2012].

Who We Are

Our Story, Value and Purpose.

Learn how PSS brings people, capital, and ideas together to
Innovate financial service industry.

Who We Are

Our Story, Value and Purpose.

Learn how PSS brings people%2 capital, and ideas together to
Innovate financial service industry.

THINGS ARE DIFFERENT NOW

PSS’ reputation and the commitment it shows to its customers through its services and business decisions are the best way to judge its financial integrity. Hence, sustaining the security of your money is a top priority of PSS.

Read more

THINGS ARE DIFFERENT NOW

PSS’ reputation and the commitment it shows to its customers through its services and business decisions are the best way to judge its financial integrity. Hence, sustaining the security of your money is a top priority of PSS.

get in touch

Be sure to make appointment before you visit our branch for online trading service as not all branches have a financial service specialist.