Nasdaq Copenhagen - Rules & Regulations

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

Nasdaq Copenhagen is a regulated market governed by the Danish Capital Markets Act (Lov om kapitalmarkeder) and subject to supervision by the Danish Financial Supervisory Authority (Finanstilsynet).

Financial instruments may be admitted to trading only where conditions exist for fair, orderly and efficient trading. The rules for Nasdaq Copenhagen A/S 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), the (EU) Takeover Directive and the (EU) Benchmark Regulation (BMR).

Support

For older rule or market model versions, please email:

Diyah.Ali@nasdaq.com

Corporate Governance

The Committee on Corporate Governance is an independent committee established by the Danish Ministry of Industry, Business and Financial Affairs. The Committee's task is to define the framework for corporate governance of companies admitted to trading on Nasdaq Copenhagen A/S.

Secretariat: The Danish Business Authority

For Committee members and more information: Corporate Governance

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.

Rulebooks/Rules (EN)

Nasdaq Copenhagen Main Market - Rulebook for Issuers of Fixed Income Instruments, 1 July 2026

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Nasdaq Copenhagen Main Market - Rulebook for Issuers of Exchange Traded Notes, 1 January 2024

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Nasdaq Copenhagen Main Market - Rules for Issuers of UCITS-shares, 2 November 2020

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Nasdaq Copenhagen Main Market - Rules for Issuers of Alternative Investment Fund Certificates, 15 March 2018

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Rulebooks/Rules (DK)

Regler for udstedere af UCITS-andele - 2. november 2020

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Regler for udstedere af AIF-beviser -15 Mar 2018

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Udstedelse af aktier i selskaber, der allerede er optaget til handel på Nasdaq Copenhagen henholdsvis First North

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Supporting Documents

Main Market shares - Kategorier for oplysningsforpligtelser

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Main Market shares - Categories for disclosure obligations

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Nasdaq Nordic Guidance on the Requirements for Products Referencing Crypto Assets

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Vejledning ved anmodning om suspension - investeringsbeviser

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Nasdaq Copenhagen guide on disclosure of inside information

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Vejledning vedrørende Markedsinformationer om danske realkreditobligationer

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Issuance of shares in companies already admitted to trading on Nasdaq Copenhagen or First North

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Regulatory Notices And Upcoming Rulebooks

Regulatory Notice 28 May 2026: Changes to the Nasdaq Copenhagen Rulebook for Issuers of Fixed Income Instruments

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Regulatory Notice 27 June 2025: Changes to the Nasdaq Nordic Guidance on the Requirements for Products Referencing Crypto Assets

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Mark-up version: Guidance on the Requirements for Products Referencing Crypto Assets, 27 June 2025

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Local Rules

Nasdaq Helsinki

Rules & Regulations - Helsinki

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

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Nasdaq Iceland

Rules & Regulations - Iceland

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

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Nasdaq Stockholm

Rules & Regulations - Stockholm

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

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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.

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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.

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Derivatives Rules

Rules & Regulations - Derivatives Rules

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

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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.

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