The overarching mission of the Surveillance function is to protect the integrity of Nasdaq’s Nordic market places. Safeguarding the integrity of our markets is not only a regulatory requirement for Nasdaq, it is a necessity to ensure fair and efficient trading, to protect the values of our assets and to support our business model. We believe that upholding a well-balanced and effective regulation and operating a fair and efficient surveillance program adds to the confidence of the market place and contributes to the long term success of Nasdaq.
The Surveillance function is separated from the business units within Nasdaq’s organization and important decisions and processes have been ring fenced, to safeguard integrity. Our Surveillance activities can conceptually be divided in Trading Surveillance and Issuer Surveillance.
Issuer Surveillance verifies and enforces initial and continued listing qualifications of listed companies and other issuers of financial instruments. This includes responsibility for the formal listing process of financial instruments such as equities, bonds, warrants and exchange-traded funds as well as handling all types of corporate actions. The Issuer Surveillance also monitors issuers’ compliance with the disclosure rules of the exchanges to ensure transparent, consistent and fair markets.
Trading Surveillance is responsible for monitoring the trading in all financial instruments on the markets operated by Nasdaq Nordic. The goal of the Trading Surveillance is to uphold market integrity by enforcing the rules of the Exchange and by identifying and referring any matter regarding suspected market abuse. The markets operated by Nasdaq Nordic shall be perceived as fair, orderly, safe, efficient and thereby attractive to investors. Another task for the Trading Surveillance, for most of the markets that we operate, is to resolve matters relating to trading incidents.
Our listing review determines if an applicant meets the requirements of the market place.
In Nasdaq Nordic, the Surveillance function is responsible for disciplinary procedures.
- Consistent Rulings
These reports describe the main day-to-day activities and achievements within Nordic Surveillance.