Rules and Regulations

Nasdaq Copenhagen

- 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.

Issuer rules

- Regler for udstedere

Listing requirements are a vital part of a listing. There are requirements to become listed as well as ongoing requirements that need to be fulfilled while the company is listed. Disclosure rules regulate the procedures on when and how listed companies disclose information to the market. All information that is likely to materially influence the valuation of a listed company must be published in a way that ensures that it reaches all market participants simultaneously. The rules for issuers with regards to shares are in substance harmonized between all four (4) exchanges, especially the listing requirement and disclosure rules.

Effective Date

Rules for issuers of shares

Regler for udstedere af aktier

3 Jan 2018

Upcoming version: Rules for issuers of shares

Regler for udstedere af aktier

1 Jul 2019 

Rulebook for Issuers of UCITS SharesRegler for udstedere af UCITS-andele
15 Mar 2018
Vejledning ved anmodning om suspension - investeringsbeviser

Rules for Issuers of ETF's 
6 Feb 2019

Rules for issuers of bonds

Regler for udstedere af obligationer

3 Jan 2018

Upcoming version: Rules for issuers of bonds


Regler for udstedere af obligationer

1 Jul 2019 

Vejledning vedrørende Markedsinformationer om danske realkreditobligationer

Rules for Issuers of Alternative Investment Fund CertificatesRegler for udstedere af AIF-beviser
15 Mar 2018
Issuance of shares in companies already admitted to trading on Nasdaq Copenhagen or First North
Udstedelse af aktier i selskaber, der allerede er optaget til handel på Nasdaq Copenhagen henholdsvis First North

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. 

The Committee is composed of chairman Lars Frederiksen (Chairman), boardmember Jens Due Olsen (Vice Chairman), lawyer Rikke Schiøtt Petersen, CEO Laila Mortensen, auditor Per Gunslev, chairman Ole Andersen, CEO Karen Frøsig, CEO Nikolaj Kosakewitsch, CEO Britt Meelby Jensen, CEO Christian Hyldahl and CEO Eric Christian Pedersen. 

Secretariat: The Danish Business Authority

For more information

For Corporate Governance recommendations, please visit this page.

Corporate Governance

Komitéen for god selskabsledelse er en uafhængig komité, der er etableret af Erhvervsministeriet. Komitéen har til opgave at udstikke rammerne for god selskabsledelse for selskaber, der er optaget til handel på Nasdaq Copenhagen A/S.

Komitéen er bestående af bestyrelsesformand Lars Frederiksen (formand), bestyrelsesmedlem Jens Due Olsen (næstformand), advokat Rikke Schiøtt Petersen, adm. direktør Laila Mortensen, statsautoriseret revisor Per Gunslev, bestyrelsesformand Ole Andersen, adm. direktør Karen Frøsig, adm. direktør Nikolaj Kosakewitsch, adm. direktør Britt Meelby jensen, direktør Christian Hyldahl og direktør Eric Christian Pedersen. 

Sekretariat: Erhvervsstyrelsen

For yderligere oplysninger se:
For mere information vedrørende Corporate Governance anbefalingerne, venligst klik her.

Member Rules

Please note that the Member Rules are harmonized for the Nordic exchanges and found under the heading “Common Rules”.

First North

Issuers on First North are subject to the rules of First North but not the requirements for admission to trading on a regulated market. The rules are the same in all First North markets, except for a few, smaller differences due to national law. Please note that the First North Rules are found under the heading "Common Rules".

Warrants & Certificates

Effective Date
Nasdaq Nordic Warrant Rulebook
20 Nov 2017
Contact Us
For older rule or market model versions, please email
Zivilé Slavinskaité,
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