Regulation at Nasdaq Commodities -

Sanctioning

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SANCTIONING

An investigation that concludes that a market participant has violated the rules can be sanctioned by Nasdaq Oslo ASA, by either: 

  • an oral warning, 
  • a warning in writing, 
  • a violation charge on the market participant of up to NOK 2 500 000 

In cases where the market participant does not comply with the duty to provide information on request by Nasdaq Oslo in relation to investigations, Nasdaq Oslo may impose a daily charge until the information is provided. 

Market Surveillance regularly publishes reports about performed activities and investigations in the previous quarter. The published reports can be found on the Reports -page

Any sanctions imposed by Nasdaq will be published after taking effect. See the copy of sanctions imposed in the past below.

June 22, 2016

J. Aron & Company is given a written warning for breach of the Market Conduct Rules

July 4, 2013

The Disciplinary Committee’s recommendation in the case against MERRILL LYNCH COMMODITIES (EUROPE) LTD - violation of the prohibition against market manipulation set out in the Market Conduct Rules, section 5.1.

March 4, 2013

Shepherd Energy AB is given a violation charge of NOK 150,000 for breach of the Market Conduct Rules

July 7, 2011

Statkraft Energi AS given violation charge for breach of the Market Conduct Rules

October 13, 2010

Lyse Handel AS - Nord Pool ASA issues written warnings for insider trading and breach of disclosure requirements

September 9, 2008

Spectron Energy Services AS is given violation charge for breaching reporting rules

July 4, 2008

The Exchange Appeal Board decision in Alfa Kraft AB appeal

June 13, 2008

Norsk Hydro Produksjon AS - Nord Pool ASA issues a written warning for breach of the prohibition on insider trading in the financial market

April 25, 2008

Board of Nord Pool ASA sanctions Alfa Kraft AB for market manipulation

December 20, 2007

Imarex Energy AS, ICAP Energy AS and Quality Energy Brokers AS - Nord Pool ASA gives Written Warnings for Breaches of Reporting Rules

June 28, 2006

Breach of the reporting rules by ICAP Energy AS

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