The main task for Market Surveillance is to monitor the market participants’ orders, trades and reporting of off-order book trades in the financial market. If there is suspicion of any breach of the trading rules, Market Surveillance shall gather information and investigate according to the proceedings described later in this section.
Market Surveillance has an important role in building market confidence, and in this context, performs advisory service towards market participants as to the principal and practical compliance of the trading rules.
Nasdaq Oslo ASA holds a license as a derivatives exchange under the Norwegian Securities Trading Act. The license is granted by Ministry of Finance and Nasdaq Oslo ASA is under supervision by the Financial Supervisory Authority of Norway, Finanstilsynet.
The clearinghouse, Nasdaq Clearing AB, holds a license from the Swedish Financial Supervisory Authority, Finansinspektionen.
Under the Securities Trading Act section 12-5 the exchange is required to monitor the trading activity of its members and report market conduct that might be in breach with legal provisions.
Market participants must comply with the trading and clearing rules including Market Conduct Rules (Trading Rules - Appendix 6).