Rules and regulations serve an important purpose to sustain confidence in the financial market, to enable a common framework for listed companies and to protect minority stakeholders such as retail investors. Nasdaq Nordic consists of four local stock exchanges in Denmark, Sweden, Finland and Iceland, i.e. Nasdaq Copenhagen, Nasdaq Stockholm, Nasdaq Helsinki and Nasdaq Iceland, each individually supervised by local Financial Supervisory Authorities.
The four exchanges are separate legal entities in different jurisdictions but have to a great extent been subject to harmonization within three major areas of regulation as set out below, i.e. within the areas of; listing (Issuers Rules), cash equity trading (the Nasdaq Nordic Member Rules) and trading in derivatives (Rules and Regulations of Nasdaq Derivatives Markets).
Nasdaq Commodities Europe operates the world's largest power derivatives market and one of Europe's largest carbon markets, and is part of the global Nasdaq Commodities offering. Last, the rules and regulations for the Nasdaq Nordic exchanges' multilateral trading facility - First North, is set out below (First North Rulebook).
Please note that the harmonized rules are set out below under the heading “General”. For specific local rules as well as relevant news and applicable links, please refer to relevant exchange and thereto adherent documentation.