Rules and Regulations

Nasdaq Helsinki

- 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.

Issuer Rules

- säännöt liikkeeseenlaskijoille

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 of the Exchange (unofficial translation)

Pörssin säännöt

4 Jun 2019

Finnish Corporate Governance Code
Suomen listayhtiöiden hallinnointikoodi
1 Jan 2016

Guidelines for Insiders

Sisäpiiriohje listayhtiöille

3 Jan 2018

Acquisition and Transfer of Own Shares

Omien osakkeiden hankinta ja luovutus

3 Jul 2016 (abolished from 1 Jan 2017)

Rules of the Disciplinary CommitteeKurinpitolautakunnan säännöt
1 Jul 2013
Guidelines for market making
Ohje markkinatakauksesta
1 Jul 2013 (abolished from 4 Jun 2019)
Guidelines for Actively-managed Funds
Ohje aktiivisesti-hallinnoiduille rahastoille
26 Sep 2013

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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