Supervision of the Securities Market
Nasdaq Iceland Surveillance
Nasdaq Iceland regards surveillance as one of the most important factors in establishing the credibility of a securities market and considers surveillance to be an essential market service. In its surveillance operations Nasdaq Iceland, for example, reviews applications for admission to trading, monitors disclosures by issuers and supervises trading on the market. Nasdaq Iceland also puts a lot of emphasis on providing education and guidance to issuers and members to support compliance and strengthen the integrity of the market.
If the Exchange suspects that a member, trader, issuer or Certified Adviser has in some way breached the Exchange‘s rules and regulations, and the nature of the breach is considered serious, the Exchange will institute proceedings in the Disciplinary Committee. An overview of decisions by the Disciplinary Committee can be found below:
Overview of public disciplinary decisions since 2008
The Exchange will refer any matters relating to a potential breach of the Act on Securities Transactions to the Icelandic Financial Services Authority.