European Rules and Regulations
The rules and regulations serve an important purpose to sustain confidence in the financial market, enable a common framework for listed companies and protect minority stakeholders such as retail investors.
COMMON NORDIC RULES
The Common Nordic Rules cover the framework for Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Stockholm and Nasdaq Clearing within the areas of listing (Issuers Rules), cash equity trading (Member Rules) and trading in derivatives (Rules and Regulations of Nasdaq Derivatives Markets). First North MTF Rulebook is also a part of Common Nordic Rules.
Notification of implementation of Nordic Main Market Rulebook for Issuers of Shares to apply in Denmark, Finland, Iceland and Sweden
March 6, 2020
Nasdaq Nordic (the “Exchange”) has decided to implement a harmonized Nordic Main Market Rulebook for Issuers of Shares (“Main Market Rulebook”).
The Main Market Rulebook will replace the following Rulebooks:
- Nasdaq Stockholm Rulebook for Issuers (shares section only),
- Nasdaq Helsinki Rules of the Exchange (Chapter 2, Share),
- Nasdaq Copenhagen rules for issuers of shares; and
- Nasdaq Iceland Rules for Issuers of Financial Instruments (share section only)
(individually the “Rulebook” and collectively the “Rulebooks”)
The Main Market Rulebook consists of two parts as follows:
- Common part for all Exchanges (as defined in the Contents, the “Common part”); and
- Additional provisions for each Exchange (the “Supplements”).
The Main Market Rulebook will enter into force on 1 May 2020. For Nasdaq Helsinki, the new Main Market Rulebook will enter into force on 11 May 2020.
Common Rules
Rules & Regulations - Nordic Member Rules
The Nasdaq Nordic Member Rules contain conditions for membership and rules for trading on the regulated markets.
Rules & Regulations - First North MTF Rules
The rules are the same in all First North markets, except for a few, smaller differences due to national law.
Rules & Regulations - Derivatives Rules
Rules and Regulations of Nasdaq Derivatives Markets govern Nasdaq Stockholm's derivative exchange & Nasdaq Clearing.
Local Rules
Rules & Regulations - Stockholm
Nasdaq Stockholm (Stockholmsbörsen) is a regulated market licensed in Sweden.
Rules & Regulations - Copenhagen
Nasdaq Copenhagen (Københavns Fondsbørs) is a regulated market licensed in Denmark.
Rules & Regulations - Helsinki
Nasdaq Helsinki (Helsingin pörssi) is a regulated market licensed in Finland.
Rules & Regulations - Iceland
Nasdaq Iceland (Kauphöll Íslands) is a regulated market licensed in Iceland.
Government Consultations
Rules & Regulations - Government Consultations
RULES AND REGULATIONS
