Rules and Regulation

    European Rules & 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.

    Abstract blue and green

    Regulated Markets and MTF

    Nasdaq operates securities markets in Stockholm, Copenhagen, Helsinki and Iceland. These Nasdaq Nordic Markets which are jointly called the Nasdaq Nordic Main Market are classified as Regulated Markets within the meaning of MiFID II. Beside the Regulated Markets, Nasdaq also operates First North, a market that is classified as a Multilateral Trading Facility (MTF) pursuant to MiFID II. The equity segment, Nasdaq First North Growth Market, is a registered SME Growth Market as defined in MiFID II (as implemented in national law).

    The Common Nordic Rules cover the framework for Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm within the areas of listing at Nasdaq Nordic Main Market (Nasdaq Nordic Main Market Rules) and Nasdaq First North MTF (Nasdaq First North MTF Rules) as well as cash equity and fixed income trading (Nasdaq Nordic Member Rules).

    In addition, Nasdaq Stockholm and Nasdaq Clearing operate the Nasdaq Derivatives Markets, a derivatives exchange for trading and clearing in equity derivatives and fixed income derivatives (Derivatives Rules). 

    You can now subscribe to regulatory updates by following this link: 

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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.

    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.

    Derivatives Rules

    Rules & Regulations - Derivatives Rules

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

    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.

    Local Rules

    NASDAQ COPENHAGEN

    Rules & Regulations - Copenhagen

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

    Nasdaq Helsinki

    Rules & Regulations - Helsinki

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

    Nasdaq Stockholm

    Rules & Regulations - Stockholm

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

    Nasdaq Iceland

    Rules & Regulations - Iceland

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

    Rules & Regulations - Consultations

    Nasdaq and Governmental consultations in regards to rules & regulations.

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    Contact Us

    We're here to help. If you need assistance, feel free to contact us.
     

      Issuer Surveillance Corporate Client Group
    Nasdaq Copenhagen Front desk: +45 33 93 33 66
    Jakob Kaule, Head of Surveillance: +45 33 77 04 60
    Email: surveillancedk@nasdaq.com
    Name: Carsten Borring
    Phone: +45 33 77 04 55
    Email: carsten.borring@nasdaq.com

    Name: Peter Legind-Hansen
    Phone: +45 33 77 03 88
    Email: peter.legind-hansen@nasdaq.com
    Nasdaq Helsinki Phone: +358 9 6166 7260
    Email: survo@nasdaq.com
    Name: Erja Retzén
    Phone: +358 9 6166 7322
    Email: erja.retzen@nasdaq.com

    Name: Minna Korpi
    Phone: +358 50 553 9835
    Email: minna.korpi@nasdaq.com
    Nasdaq Iceland Phone: +354 525 2800
    Email: listing.ice@nasdaq.com
    Name: Baldur Thorlacius
    Phone: +354 696 3388
    Email: baldur.thorlacius@nasdaq.com
    Nasdaq Stockholm Phone: +46 8405 7280
    Email: iss@nasdaq.com
    Name: Maria Groschopp
    Phone: +46 8 405 7056
    Email: maria.dellwik@nasdaq.com

    Name: Håkan Sjögren
    Phone: +46 8 405 7893
    Email: hakan.sjogren@nasdaq.com

    Name: Dennis Fagerros
    Phone: +46 8 405 6419
    Email: dennis.fagerros@nasdaq.com
    Nasdaq Tallinn   Name: Eveli Kušner
    Phone: +371 640 8861
    Email: eveli.kushner@nasdaq.com
    Nasdaq Riga   Name: Marta Muižniece
    Phone: +371 6721 2431
    Email: marta.muizniece@nasdaq.com
    Nasdaq Vilnius   Name: Simona Backiene
    Phone: +370 5253 1400
    Email: simona.backiene@nasdaq.com
    Nasdaq U.K.   Name: Isabella Schidrich
    Phone: +44 2070658122
    Email: isabella.schidrich@nasdaq.com

    Name: Asaf Homossany
    Phone: +44 2070658137
    Email: asaf.homossany@nasdaq.com
    General questions/information   Email: listings@nasdaq.com

    We're here to help. If you need assistance, feel free to contact us.
     

      Issuer Surveillance Corporate Client Group
    Nasdaq Copenhagen Front desk: +45 33 93 33 66
    Jakob Kaule, Head of Surveillance: +45 33 77 04 60
    Email: surveillancedk@nasdaq.com
    Name: Carsten Borring
    Phone: +45 33 77 04 55
    Email: carsten.borring@nasdaq.com

    Name: Peter Legind-Hansen
    Phone: +45 33 77 03 88
    Email: peter.legind-hansen@nasdaq.com
    Nasdaq Helsinki Phone: +358 9 6166 7260
    Email: survo@nasdaq.com
    Name: Erja Retzén
    Phone: +358 9 6166 7322
    Email: erja.retzen@nasdaq.com

    Name: Minna Korpi
    Phone: +358 50 553 9835
    Email: minna.korpi@nasdaq.com
    Nasdaq Iceland Phone: +354 525 2800
    Email: listing.ice@nasdaq.com
    Name: Baldur Thorlacius
    Phone: +354 696 3388
    Email: baldur.thorlacius@nasdaq.com
    Nasdaq Stockholm Phone: +46 8405 7280
    Email: iss@nasdaq.com
    Name: Maria Groschopp
    Phone: +46 8 405 7056
    Email: maria.dellwik@nasdaq.com

    Name: Håkan Sjögren
    Phone: +46 8 405 7893
    Email: hakan.sjogren@nasdaq.com

    Name: Dennis Fagerros
    Phone: +46 8 405 6419
    Email: dennis.fagerros@nasdaq.com
    Nasdaq Tallinn   Name: Eveli Kušner
    Phone: +371 640 8861
    Email: eveli.kushner@nasdaq.com
    Nasdaq Riga   Name: Marta Muižniece
    Phone: +371 6721 2431
    Email: marta.muizniece@nasdaq.com
    Nasdaq Vilnius   Name: Simona Backiene
    Phone: +370 5253 1400
    Email: simona.backiene@nasdaq.com
    Nasdaq U.K.   Name: Isabella Schidrich
    Phone: +44 2070658122
    Email: isabella.schidrich@nasdaq.com

    Name: Asaf Homossany
    Phone: +44 2070658137
    Email: asaf.homossany@nasdaq.com
    General questions/information   Email: listings@nasdaq.com

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