Norges Bank sent a consultation letter dated 16 October 2026 to banks, financial institutions, banking industry organisations and other stakeholders on a proposed operating schedule for its settlement system, NBO, adapted to the shorter T+1 securities settlement cycle. The consultation also covers proposed changes to the framework for incident management. Norges Bank requests input by 27 November 2026.
The EU has adopted changes to the Central Securities Depositories Regulation to introduce the shorter settlement cycle. Norges Bank states that adjustments to the NBO operating schedule are required as a result. The new standard closing time for NBO at 18:00 has already been decided and is not subject to consultation. Norges Bank points respondents to its consultation letter of 3 November 2025 on adjustments to the NBO operating schedule and extended opening hours until 18:00 for background.
Input from the consultation will inform Norges Bank's final assessment of the operating schedule and of the incident management framework under T+1. Norges Bank expects to publish the final NBO operating schedule in December 2026.