Rules and Regulations

Rules and Regulations for the Nordic Markets

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.
The Common Nordic Rules cover the framework for Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Stockholm and Nasdaq Clearing within the areas of listing (Issuers Rules), cash equity trading (Member Rules) and trading in derivatives (Rules and Regulations of Nasdaq Derivatives Markets). First North Rulebook is also a part of Common Nordic Rules.

- Stockholmsbörsen

Nasdaq Stockholm is a regulated market licensed in Sweden. Trading at Nasdaq Stockholm is governed by the Issuer Rules, the Member Rules and the Warrant Rulebook. Nasdaq Stockholm also operates First North, an MTF in Sweden that is subject to a separate Rulebook.

- København Fondsbørs

Nasdaq Copenhagen is a regulated market licensed in Denmark. Trading at Nasdaq Copenhagen is governed by the Issuer Rules, the Member Rules and the Warrant Rulebook. Nasdaq Copenhagen also operates First North, an Alternative Marketplace in Denmark that is subject to a separate Rulebook.

- Helsingin Pörssi

Nasdaq Helsinki is a regulated market licensed in Finland. Trading at Nasdaq Helsinki is governed by the Issuer Rules, the Member Rules and the Warrant Rulebook. Nasdaq Helsinki also operates First North, an MTF in Finland that is subject to a separate Rulebook.

- Kauphöll Íslands

Nasdaq Iceland is a regulated market licensed in Iceland. Trading at Nasdaq Iceland is governed by the Issuer Rules, the Member Rules and the Warrant Rulebook. Nasdaq Iceland also operates First North, an MTF in Iceland that is subject to a separate Rulebook.
Nasdaq Commodities is the trade name of Nasdaq Oslo ASA, a commodity derivatives exchange authorized by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All exchange transactions are subject to centralized clearing through Nasdaq Clearing AB under the clearing rules for Commodity derivatives.
Nasdaq Nordic is an important reference for authorities locally, regionally and globally in referral questions about legislation and regulation works relating to our business. Based on our specialist knowledge Nasdaq responds to consultations and fact findings in relation to requests and legislative proposals from example local Ministry of Justice and Ministry of Finance as well as the European Union and global bodies such as CPMI/IOSCO.

General Data Protection Regulation (GDPR)

Nasdaq is committed to taking all steps necessary for its markets to operate with the highest degree of integrity and in compliance with applicable law. We recognize the importance of the GDPR to our clients and members. We are committed to complying with the GDPR requirements and principles, including safeguarding and protecting personal data and addressing individual rights regarding data that we process. That obligation is fundamental to the way Nasdaq does business and is reflected in our privacy policies, agreements, and data protection safeguards.

Privacy Letters

The below Privacy Letters, one for each type of regulated business operated by Nasdaq in Europe, set out our personal data handling practices under GDPR, so that clients and market participants understand how we act to safeguard privacy while fulfilling our obligations to protect them against fraud, ensure the efficient operation of markets and satisfy regulatory obligations. Nasdaq is committed to transparency with all clients and market participants regarding its personal data processing and privacy practices. Information on how to contact Nasdaq regarding privacy practices is provided in the letters. The letters describe how Nasdaq incorporates compliance with GDPR into its services and products as well as summarize Nasdaq’s privacy program.

Nasdaq Privacy Policy

To address some of the new transparency and compliance requirements under the GDPR, we have updated our Privacy Policy effective May 25, when the regulation enters into force. The Nasdaq Privacy Policy describes how Nasdaq collects, uses and discloses personal data about clients and market participants who receive Nasdaq products and services, explore or maintain a business relationship with Nasdaq and/or use our websites or online features. The Privacy Policy applies to all personal data processed by Nasdaq. The Privacy Policy also describes your rights, where applicable, and how to exercise them.

Contact Us
For older rule or market model versions, please email
Zivilé Slavinskaité,
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