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    Nasdaq Iceland

    Rules & Regulations

    Nasdaq Iceland (Kauphöll Íslands) is a regulated market licensed in Iceland.


    Nasdaq Iceland is a regulated market governed by the Icelandic Act on Markets in Financial Instruments No. 115/2021 and subject to supervision by the Icelandic Financial Supervisory Authority (Ice. Fjármálaeftirlit Seðlabanka Íslands).

    Financial instruments may be admitted to trading only where conditions exist for fair, orderly and efficient trading. Through the issuer rules, Nasdaq Iceland hf. carries out the conditions which are set forth by the legislator. The rules for Nasdaq Iceland are also adapted to existing EU directives and regulations such as the (EU) Market Abuse Regulation (MAR), the (EU) Transparency Directive, the (EU) Directive regarding Markets in Financial Instruments (MiFID II) and the (EU) Takeover Directive. 

    The rules thus include the specific requirements for issuers and its financial instruments to be admitted to trading at Nasdaq Iceland, including the rules which defines an issuer's disclosure requirements in respect of the market and Nasdaq Iceland. 

    Related links: Listing Forms, Certified Adviser on First North 


    For older rule or market model versions, please email:



    For older rule or market model versions, please email:


    Issuer Rules

    In this section you will find the current rulebooks and rules, Q&As, guidance, regulatory notices pertaining to rule changes and the upcoming version of the new rulebooks. 

    Local Rules

    Nasdaq Helsinki

    Rules & Regulations - Helsinki

    Nasdaq Helsinki (Helsingin pörssi) is a regulated market licensed in Finland.

    Nasdaq Copenhagen

    Rules & Regulations - Copenhagen

    Nasdaq Copenhagen (Københavns Fondsbørs) is a regulated market licensed in Denmark.

    Nasdaq Stockholm

    Rules & Regulations - Stockholm

    Nasdaq Stockholm (Stockholmsbörsen) is a regulated market licensed in Sweden.

    Common Rules

    Nordic Member Rules

    Rules & Regulations - Nordic Member Rules

    The Nasdaq Nordic Member Rules contain conditions for membership and trading rules on the regulated markets and MTFs.

    Nordic Main Market Rules

    Rules & Regulations – Nordic Main Market Rules

    The Nasdaq Nordic Main Market Rules contain requirements for issuers to be admitted to trading on the regulated market.

    Derivatives Rules

    Rules & Regulations - Derivatives Rules

    Rules and Regulations of Nasdaq Derivatives Markets govern Nasdaq Stockholm's derivative exchange & Nasdaq Clearing.

    First North MTF Rules

    Rules & Regulations - First North MTF Rules

    The Nasdaq First North Rules contain common and local requirements to be admitted to trading on the Nasdaq First North.

    Rules & Regulations - Consultations

    Nasdaq and Governmental consultations in regards to rules & regulations.

    Learn more ->