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Nasdaq Iceland - Rules & Regulations

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

Nasdaq Iceland is a regulated market governed by the Icelandic Act on Markets in Financial Instruments No. 115/2021 and subject to supervision by the Icelandic Financial Supervisory Authority (Ice. Fjármálaeftirlit Seðlabanka Íslands).

Financial instruments may be admitted to trading only where conditions exist for fair, orderly and efficient trading. Through the issuer rules, Nasdaq Iceland hf. carries out the conditions which are set forth by the legislator. The rules for Nasdaq Iceland 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) and the (EU) Takeover Directive.

The rules thus include the specific requirements for issuers and its financial instruments to be admitted to trading at Nasdaq Iceland, including the rules which defines an issuer's disclosure requirements in respect of the market and Nasdaq Iceland.

Support

For older rule or market model versions, please email:

Diyah.Ali@nasdaq.com

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 Nordic Main Market – Shares – Rulebook

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Rules of the Disciplinary Committee – 9 December 2025

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Local Language Versions

Nasdaq Iceland Aðalmarkaður – Skuldabréf - Reglur

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Reglur um Viðurlaganefnd - 9 December 2025

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Reglur fyrir sérhæfða sjóði

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Reglur fyrir útgefendur hlutdeildarskírteina

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Supporting Documents

Guideline on Disclosure of Inside Information

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Comparison of Rules for Issuers of Shares (15 Feb 2020) against Nordic Main Market Rulebook for Issuers of Shares (1 May 2020)

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Corporate Governance - 2021

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Model terms and conditions for bonds/Staðlaðir skilmálar skuldabréfa

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Disclosure Categories

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Fréttaflokkar

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Leiðbeiningar um birtingu innherjaupplýsinga

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Stjórnarhættir fyrirtækja - 2021

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Regulatory Notices And Upcoming Rulebooks

Tilkynning um reglubreytingu: Breytingar á reglum fyrir útgefendur skuldabréfa á First North

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Regulatory Notice: Changes to the Nasdaq Iceland Rulebook for Issuers of Fixed Income Insturments

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Regulatory Notice: Changes to the Nasdaq First North Iceland Fixed Income Rulebook

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Upcoming version: Reglur Fyrir Útgefendur Skuldabréfa

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Upcoming version: Rules for Issuers of Fixed Income Instruments

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Upcoming version: First North Iceland Fixed Income Rulebook

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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 Copenhagen

Rules & Regulations - Copenhagen

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

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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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