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Rules & Regulations


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 OMX Nordic consists of four local stock exchanges in Denmark, Sweden, Finland and Iceland, i.e. NASDAQ OMX Copenhagen, NASDAQ OMX Stockholm, NASDAQ OMX Helsinki and NASDAQ OMX 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 OMX Nordic Member Rules) and trading in derivatives (Rules and Regulations of NASDAQ OMX Derivatives Markets).


NASDAQ OMX 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 OMX Commodities offering. Last, the rules and regulations for the NASDAQ OMX 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.
 

 

General

Issuer rules

 

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.
 

All below files are provided in PDF format

 

Stockholm    
  Rule book for Issuers (effective 1 July 2014)
  Rule book for Issuers (effective 1 January 2014)
  Regelverk för emittenter (1 juli 2014)
  Regelverk för emittenter (1 januari 2014)
  Take Over Rules (effective 1 July 2014)
  Takeover regler (1 juli 2014)
     
 

Vägledning för upprättande av delårsredogörelse (öppnas i nytt fönster)

  Guidelines for preparing interim management statements (opens in a new window)
     
Copenhagen Rules for issuers of shares (effective 1 June 2013)
  Regler for udstedere af aktier (1 June 2013)
  Rules for issuers of bonds (effective from 1 June 2013)
  Regler for udstedere af obligationer (gældende fra 1. juni 2013)
     
Helsinki Rules of the Exchange (effective October 2, 2013)
  Pörssin säännöt (voimaan 2.10.2013)
  Rules of the Exchange (effective July 1, 2014)
  Pörssin säännöt (voimaan 1.07.2014)
     
Iceland Rules for issuers (December 2013)
  Reglur fyrir útgefendur fjármálagerninga (desember 2013)
  Rules for issuers (December 2009)
  Reglur fyrir útgefendur fjármálagerninga (desember 2009)
     

 

Member rules

The NASDAQ OMX Member Rules contain conditions for membership and rules for trading on regulated markets. The NASDAQ OMX Member Rules are joint for each exchange within NASDAQ OMX Nordic, i.e. the NASDAQ OMX in Copenhagen, Helsinki, Iceland and Stockholm. Secondary trading is in addition offered on a trading list entailing specific shares listed on Oslo Exchange.


All below files are provided in PDF format; and

available in English only

First North


First North is a Multilateral Trading Facility (MTF) and does not have the legal status of a regulated market. Regulated market is a term used in the Markets in the Financial Instruments Directive (MiFID), regulating securities companies and exchanges in the European Union. According to MiFID, an exchange can within the framework of a MTF organize trading with less requirements than what is required for securities listed on a regulated market. 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.
 

All below files are provided in PDF format

First North Bond Market Rulebook (effective 7 December 2012)
First North Bond Market Rulebook (effective 16 January 2014)
First North Rulebook (effective 1 July 2013)
First North Rulebook (effective 1 January 2014)
First North Rulebook (Finnish translation, effective 1 July 2013)

Disclosure Rules for First North Finland Premier (Finnish version, effective 1 July 2013 – First North Finland Premier- segmentin tiedottamissäännöt)

Disclosure Rules for First North Finland Premier (English translation, effective 1 July 2013 )

First North Bond Rulebook, Supplement Finland - Special regulations regarding multi-issuer instruments with a guarantor applying for admission to trading; First North Guarantor Bond Segment operated in Finland (effective 1 July 2014)

Derivatives

The Rules and Regulations of NASDAQ OMX Derivatives Markets govern NASDAQ OMX Stockholm's derivative exchange and clearing activities. The Rules and Regulations of NASDAQ OMX Derivatives Markets include, inter alia, membership requirements and the trading rules and clearing rules applicable in NASDAQ OMX Stockholm's derivative operations. The Rules and Regulations of NASDAQ OMX Derivatives Markets are comprised of the chapters set forth below.

Below files are provided in PDF format / Alla nedanstående filer är PDF:er

Exchange Rules

 

 
Chapter 1  
Chapter 2  
Chapter 3 (i)  
Chapter 3 (ii)  
Chapter 3 A  

 

 

Appendices

 
1. List of Exchange and Clearing Members (joint with Clearing Rules) »  
2. Quotation List (joint with Clearing Rules)  
3. Fee List (joint with Clearing Rules)  

3.A. Market Maker Fee List (joint with Clearing Rules)

3.B. Proprietary Fee List (joint with Clearing Rules)

3.C Liquidity Provider Fee List (joint with Clearing Rules)

 
4. Trading and Accessibility Hours (joint with Clearing Rules)  
5. Fair Value (joint with Clearing Rules)  
6. Procedures in connection with system disturbances on the expiration day (joint with Clearing Rules)  
7. Exchange Member Agreement  

7.A. Direct Market Access Agreement

 
8.A. Market Maker Agreement  

8.B. Market Maker Agreement for COM Products

 
9. Revenue Sharing Agreement  
10. Information Distribution Agreement  
11. Call Auction on Index Futures  
12. Deferred publication  
13. COM Block Trade Facility Procedures  
   
Definitions  
   
   

Clearing Rules

 

Chapter 1  
Chapter 2  
Chapter 3 (i)  
Chapter 3 (ii)  
Chapter 3 A  
   

Appendices

 
1. List of Exchange and Clearing Members (joint with Exchange Rules) »  
2. Quotation List (joint with Exchange Rules)  
3. Fee List (joint with Exchange Rules)  

3.A. Market Maker Fee List (joint with Exchange Rules)

3.B. Proprietary Fee List (joint with Exchange Rules)

3.C Liquidity Provider Fee List (joint with Exchange Rules)

 
4. Trading and Accessibility Hours (joint with Exchange Rules)  
5. Fair Value (joint with Exchange Rules)  
6. Procedures in connection with system disturbances on the expiration day (joint with Exchange Rules)  
7. Clearing Member Agreement  
8. Customer Agreement A (ENG),  Kundavtal A (SWE)  
8. Customer Agreement B1  
8. Customer Agreement B2  
8. Customer Agreement B2A  
9. Clearing Agreement  
10. Non Exchange Trading Broker Agreement  
11. Compensation Agreement  
12. List of Approved Settlement Banks  
13. Parameter Value List  
14. Collateral List  
15. Designated Sub-accounts Discount Agreement  
16. Default Fund Rules  
17. Loss sharing Rules  
18. Blank  
19. Supplement default rules for Contracts Recorded on Client Accounts  
20. Supplement default rules for Contracts Recorded on a Direct Pledge Account  
21. Supplement default rules for Contracts Recorded on an Indirect Pleding Account  
22. COM Block Trade Facility Clearing Procedures  
23. COM Non Exchange Clearing Procedures  
24. COM Third Party Exchange Clearing Procedures  
Mandatory CCP Provisions and Core Provisions of NASDAQ OMX Clearing AB  
   
   
Definitions  
   

Genium INET

 
Genium INET Market Model - Equity Derivatives  
Genium INET Market Maker Protection Model - Equity Derivatives  
Genium INET Market Model - Commodities  

 

Rule consultations/notifications

To view the upcoming rule changes please click on these links below.


Member rule consultations

 

Member rule notifications

Governmental consultations and responses


Below files are provided in PDF format

 

Stockholm                                                                       available only in Swedish
2014  
16 maj Begränsning av möjligheten för ett konkursbo att begära återgång av vissa rättshandlingar (Ju2014/2936/L2).
25 april

Remissvar angående Europeiska kommissionens rekommendation om bolagsstyrning (Dnr Ju2014/2551/L1).

Remissvar angående Europeiska kommissionens förslag till direktiv om ändringar i direktivet om aktieägares rättigheter (Dnr Ju2014/2645/L1).

1 april Remissvar angående förslag om justeringar av bestämmelserna i förordning om avgifter hos Finansinspektionen. (FI Dnr 14-3795).
17 februari Promemoria om förenklingar i aktiebolagförordningen. (Dnr Ju 2013/7705/L1)
10 februari

Remissvar i ärende med diarienummer Ju2011/1691/L1.

14 januari Promemoria kompletterande bestämmelser för AIF-förvaltare. (Dnr Fi2013/4323)
   
2013  

30 December

Säkerheter vid clearing hos central motpart. (Ds 2013:68)

9 September

Promemoria Ds 2013:35 - Vägval för premiepensionen

12 juni

Promemoria Ds 2013.16 - Prospektansvar

15 maj

Ang. inbjudan att lämna synpunkter på Europieska kommisionens förslag till direktiv om redovisning av icke-finansiell och mångfaldsinformation. (Dnr Ju2012/7472/L1)

22 mars

Remissvar på förslag till föreskrifter om förvaltare av alternativa investeringsfonder och ändrade fondföreskrifter FI Dnr 12-3251.

7 februari

Remissvar i ärende N2012-5518/E angående rapporten Analys av möjliga åtgärder för att minska prisområdesproblematiken i Sydsverige.

1 februari

Remissvar i ärende FI Dnr 12-2840 angående förslag till ändrade marknadsplatsföreskrifter.

14 januari

Betänkande av 2011 års utredning om finansmarknadsstatistiken (SOU 2012:79).

8 januari

Remissvar i ärende Ju2012/6516/L1 - Ökning av aktiekapitalet i aktiemarknadsbolag (Ds 2012:37) ("Skrivelsen").

 

Helsinki
2014  
   
   

 

2013  
  22 February

Pörssin lausunto Arvopaperimarkkinoiden toimintaa koskevien Finanssivalvonnan määräysten ja ohjeiden luonnokset.

 12 February

Pörssin kommentti Keskuskauppakamarin välimiesmenettelysääntöjen uudistaminen.   

 21 January

Kirjallinen kommentti: U-kirje komission ehdotuksesta listayhtiöiden hallitusten sukupuolikiintiö -direktiiviksi.

 

 

Copenhagen
2014  
   
   

 

2013  
   

 

 

Iceland
2014  
   
   

 

2013  
 19 March

Amendments to the Icelandic Act on Mandatory Insurance of Pension Rights and on Activities of Pension Funds act no 129/1997, issue 625.

 15 February Amendments to the Icelandic Act on Securities Transactions due to implementation of Directive 2010/73/EU of the European Parliament and of the Council, amending the prospectus directive 2003/71/EC.

 

The legislative proposal is available in Icelandic:

http://www.althingi.is/altext/141/s/0646.html

   

 

Norway
2014  
   
   

 

2013  
26 juli

Høring - Rapport om regler for sente motparter - forslaget til endringer i verdipapirhandelloven.

 

   

 

EU
2014  
9 May

European Commission Consultation on FX Financial Instruments

Link to the consultation; http://ec.europa.eu/internal_market/consultations/2014/foreign-exchange/docs/consultation-document_en.pdf

27 January

ESMA discussion paper on market abuse regulation (MAR), ESMA/2013/1649

 

2013  
30 June

European Commission -  Green Paper of the European Commision on Long-Term Financing of the Economy

The consultation response is also available on NASDAQ OMX Access to Finance, click here below;

http://www.nasdaqomx.com/publicpolicy/europeanissues/accesstofinance/

 14 May

Comments on ISOCO Consultation on Regulatory Issues Raised by Changes in Market Structure.

The consultation response is also available on NASDAQ OMX European Issues, click here below;

http://www.nasdaqomx.com/publicpolicy/europeanissues/issuesongloballevel/

 15 February

European Commission - Public Consultation on Generation Adequacy, Capacity Mechanisms and the Internal Market in Electricity.

The consultation response is also available on NASDAQ OMX European Issues, click here below:

http://www.nasdaqomx.com/publicpolicy/europeanissues/ 

   


Previous Consultation Responses

View Archive »

 

NASDAQ OMX Stockholm - Stockholmsbörsen

Issuer rules / Regler emittenter

 

Below files are provided in PDF format / Alla nedanstående filer är PDF:er

 

   
   
Rule book for Issuers (effective 1 January 2014)
Rule book for Issuers (effective 1 July 2014)
Regelverk för emittenter (1 januari 2014)
Regelverk för emittenter (1 juli 2014)
   
Trading List Rules (only in English)
First North Trading List Rules (1 May 2011)
   
Take Over Rules (effective 1 July 2014)
Takeover regler (1 juli 2014)
   
Take Over Agreement
Budgivares åtagande
   
Corporate Governance
 

The Swedish Code of Corporate Governance (the Code) has during the spring 2008 been subject to a thorough review. As from 1 July 2008 the Code is applicable for all companies whose shares are traded at the NASDAQ OMX Stockholm. This is a considerable extension of the application of the Code compared to the previous situation. The Code has been simplified and shortened without this having affected the demand in the Code for good corporate governance. The Code is still based on the principle “comply or explain”, which means that a company has the opportunity to deviate from a certain rule in the Code, if this deviation in the specific case leads to a better corporate governance. A company that has made a deviation from the Code shall in the corporate governance report describe the deviation, what kind of other solution that the company has chosen and the reason for this action.


Companies that before 1 July 2008 have applied the previous version of the Code are to apply the revised Code from that date. Companies that did not apply the previous version of the Code before 1 July 2008 are to apply the revised Code as soon as possible from that date and no later than the date of the first annual general meeting held after 1 January 2009. A corporate governance report is therefore to be included in or attached to the annual accounts for 2008. Companies whose shares are admitted to trading on the main market of the Exchange after 1 July 2008 are to apply the Code in the same way as those companies who had not applied the Code earlier. The Code is thus to be applied fully from the date of the first annual general meeting held the year after the admittance to trading at the Exchange.


The Code is not formally a part of the Exchange's rules. But the Code is indirectly a part of the rules since the Code is to be seen as an expression of good stock market practice regarding corporate governance, and the Exchange ´s rules state that a listed company shall conduct its business in line with common accepted market practice.


Swedish Corporate Governance Code »

 

Bolagsstyrning
 

Den svenska koden för bolagsstyrning har under våren 2008 varit föremål för en genomgripande översyn. Från och med den 1 juli 2008 är koden tillämplig för samtliga bolag vilkas aktier är upptagna till handel vid NASDAQ OMX Stockholm. Detta innebär en avsevärd utvidgning av kodens tillämpningsområde i förhållande till vad som tidigare har varit fallet. Koden har förenklats och förkortats utan att kraven på vad som utgör god bolagsstyrning har sänkts. Fortfarande gäller principen ”Följ eller förklara”, vilket innebär att ett bolag har möjlighet att avvika från kodens regler, om detta i det enskilda fallet skulle leda till en bättre bolagsstyrning. I ett sådant fall ska bolaget i bolagsstyrningsrapporten redovisa avvikelsen samt beskriva den lösning som har valts i stället och skälen för detta.


De bolag som före den 1 juli 2008 tillämpade den dittills gällande koden skall från detta datum i stället tillämpa den reviderade koden. De bolag som före den 1 juli inte tillämpat den tidigare koden skall från detta datum så snart som möjligt, och senast i samband med den första årsstämma som hålls efter den 1 januari 2009, tillämpa den reviderade koden. Detta innebär bland annat att de skall foga en bolagsstyrningsrapport till årsredovisningen för år 2008. Ett bolag vars aktier tas upp till handel på börsen efter den 1 juli 2008 ska tillämpa koden på samma sätt som bolag som tidigare inte hade tillämpat koden. Det innebär att koden skall tillämpas fullt ut i samband med den första årsstämma som hålls året efter börsnoteringen.


Koden utgör inte formellt en del av börsens regelverk. Men eftersom koden uttryckligen anger vad som är god sed för bolagsstyrning i olika frågor blir den indirekt tillämplig för de noterade bolagen genom att det i börsens regelverk hänvisas till att bolagen ska bedriva sin verksamhet i enlighet med god sed på marknaden.


Svensk kod för bolagsstyrning »

   
Q&A » (opens in a new window)
Frågor & Svar » (öppnas i nytt fönster)
Vägledning för upprättande av delårsredogörelse (öppnas i nytt fönster)
Guidelines for preparing interim management statements (opens in a new window)

 

Warrants & Certificates

 

Below files are provided in PDF format; and

available only in English

 

 

 

News - information from the exchange / Nyheter ang. börsens regler

 

 


Nyheter ang. börsens regler på svenska

 

19 November 2012

Uppdaterade handelsregler, NASDAQ OMX Nordic Member Rules (”NMR”), version 1.8, träder i kraft den 19 november 2012. Förändringarna avser införandet av ny order tillstånd, “Top of the Book Order” även matchande principer återförs till reglerna.

 

17 september 2012

Uppdaterade handelsregler, NASDAQ OMX Nordic Member Rules (“NMR”), version 1.7, träder i kraft den 17 September 2012. Ändringarna avser introduktion av en ny routing-strategy, ”PDLE” vilken enbart kommer att tillämpas för norska aktier upptagna till handel på NASDAQ OMX Stockholm och First North Stockholm.

 

1 juli 2012

Ändringar i börsens regelverk för emittenter träder ikraft. För mer detaljer se  Regulatory Notice.

Ändringar i börsens regelverk för warranter & certifikat träder ikraft. För mer detaljer se Regulatory Notice och ändringsmarkerad version av regelverket.

 

21 mars 2011

Medlemsreglerna för handel ”NASDAQ OMX Nordic Member Rules” (NMR 1.3) har uppdaterats och träder i kraft den 21 mars 2011. Ändringarna hänför sig till ytterligare routing-strategier i tillägg till nuvarande erbjudande för tjänsten Nordic Smart Order Routing på equity-marknaderna i NASDAQ OMX Stockholm, NASDAQ OMX Köpenhamn och NASDAQ OMX Helsingfors.

 

 


News - information from the exchange in English

 

19 November 2012

NASDAQ OMX NORDIC MEMBER RULES, VERSION 1.8

Updated trading rulebook, NASDAQ OMX Nordic Member Rules (“NMR”), version 1.8, comes into effect on November 19, 2012. The changes relate to the introduction of a new order condition, “Top of the Book Order” and matching principles are also brought back to the rules.
 

17 September 2012

NASDAQ OMX NORDIC MEMBER RULES, VERSION 1.7

Updated trading rulebook, NASDAQ OMX Nordic Member Rules (“NMR”), version 1.7, comes into effect on September 17, 2012. The changes relate to the introduction of a new routing strategy, “PDLE”, which will only be applicable to the Norwegian shares admitted for secondary trading on NASDAQ OMX Stockholm and First North Stockholm.
 

1 July 2012

Changes to the NASDAQ OMX Stockholm Rule book for Issuers of Shares enters into force. For more details on the changes please see Regulatory Notice.

Changes to the NASDAQ OMX Stockholm Rule book for Covered Warrants & Certificates enters into force. For more details on the changes please see Regulatory Notice and mark-up version of the rule book.

 

20 June 2011

Updated trading rulebook “NASDAQ OMX Nordic Member Rules” (NMR 1.5)” comes into effect on June 20 2011. Most of the changes relate to migration to Genium INET on the Fixed Income Market. The accessory changes are introduced to documents ”Reporting Guideline, version 1.2 (Members’ On Exchange trade and Members’ and Non-Members’ OTC trade Reporting)” and “Genium INET Reporting Manual for Fixed income (OTC Trade Reporting guideline in Danish Fixed Income Instruments). Also “INET Nordic Market Model version 2.4” and “Genium INET Market Model for Fixed Income” are valid from 20 June 2011.

 
 

 

NASDAQ OMX Copenhagen - København Fondsbørs

Issuer rules / Regler for udstedere

 

Below files are provided in PDF format / Alle nedenstående filer er i PDF-format

 

Rules for issuers of shares (effective from 1 June 2013)
Regler for udstedere af aktier (gældende fra 1. juni 2013)
  
Rules for issuers of investment undertakings
Regler for udstedere af investeringsbeviser
  
 Rules for Issuers of ETF's
 Regler for udstedere af ETF
  
Rules for issuers of bonds (effective from 1 June 2013)
Regler for udstedere af obligationer (gældende fra 1. juni 2013)
  
Vejledning vedrørende Markedsinformationer om danske realkreditobligationer
  
Rules for issuers of other securities
Regler for udstedere af andre værdipapirer
  
Corporate Governance
 

The Committee on Corporate Governance is an independent committee established by the Danish Commerce and Companies Agency. The Committee's task is to define the framework for corporate governance of companies that are admitted to trading on NASDAQ OMX Copenhagen A/S.

 

The Committee is composed of CEO Birgit Aagaard-Svendsen (Chairman), lawyer Marianne Philip (Vice Chairman), CEO Henrik Brandt, CEO Jørn P. Jensen, CEO Thomas Hofman-Bang, auditor Stig Enevoldsen, CEO Dorrit Vanglo and CEO Bjørn Sibbern.

For more information please visit www.corporategovernance.dk

 

For further information about the Corporate Governance recommendations, please visit this page.

Corporate Governance
 

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


Komitéen er bestående af direktør Birgit Aagaard-Svendsen (Formand), advokat Marianne Philip (næstformand), adm. direktør Henrik Brandt, direktør Jørn P. Jensen, Adm. direktør Thomas Hofman-Bang, statsautoriseret revisor Stig Enevoldsen, direktør Dorrit Vanglo og adm. direktør Bjørn Sibbern.

 

Sekretariat: Erhvervs- og Selskabsstyrelsen


For yderligere oplysninger se: www.corporategovernance.dk

 

For mere information vedrørende Corporate Governance anbefalingerne, venligst klik her.
 

  

 

Warrants & Certificates /Regler for udstedere af warrants og certifikater

 

Below files are provided in PDF format / Alle nedenstående filer er i PDF-format

 

                 Warrant Rulebook
Regler for udstedere af warrants og certifikater
   

 

News - information from the exchange / Nyheder – Information fra børsen


Below files are provided in PDF format / Alle nedenstående filer er i PDF-format

 


Nyheder – Information fra børsen på dansk
 

Selskabernes forpligtelser ved sande informationer i markedet

 

Corporate Governance afrapportering i årsrapporterne – krav til selskabernes redegørelse for god selskabsledelse


Email til selskaberne på NASDAQ OMX København vedrørende URL-hacking på planlagte selskabsmeddelelser


Ændringer i regler om god selskabsledelse således at selskaberne fremover kan bringe deres redegørelse på hjemmesiden og ikke i årsrapporten. For yderligere information venligst se brev til udstedere



News - Information from the exchange in English

 

Updated trading rulebook “NASDAQ OMX Nordic Member Rules” (NMR 1.3)” enters into force on March 21st 2011. The changes relate to further enhancements and routing strategies to the present Nordic Smart Order Routing services on the equities market on NASDAQ OMX Nordic exchanges in Stockholm, Copenhagen and Helsinki.

 

Requirements for the companies with true information in the market


Corporate Governance reporting in the annual report - demands for the companies' corporate governance statement. For more details please see the letter from NASDAQ OMX Copenhagen
 

Revised recommendations for corporate governance in the Rules for Issuers of shares. For more details please see the letter from NASDAQ OMX Copenhagen
 

Changes in the Rules for Issuers of shares with requirements for true information in the market

 

 

NASDAQ OMX Helsinki - Helsingin Pörssi

Issuer rules / säännöt liikkeeseenlaskijoille

Below files are provided in PDF format.

Rules of the Exchange (effective 2 October, 2013)
Pörssin säännöt (voimaan 2.10.2013)
Rules of the Exchange (effective 1 July, 2014)
Pörssin säännöt (voimaan 1.7.2014)
   

Finnish Corporate Governance Code (effective 1 October 2010)

Suomen listayhtiöiden hallinnointikoodi (voimaan 1.10.2010)

 

 
Guidelines for Insiders (effective 1 July 2013)
Sisäpiiriohje pörssiyhtiöille (voimaan 1.7.2013)
Guidelines for Insiders (effective 9 October 2009)
Sisäpiiriohje (voimaan 9.10.2009)
   
Acquisition and Transfer of Own Shares (1 July, 2013)
Omien osakkeiden hankinta ja luovutus (voimaan 1.7.2013)
Own shares of a listed company (1 July 2008)
Listayhtiön omat osakkeet (voimaan 1.7.2008)
   
Rules of the Disciplinary Committee (effective 1 July 2013)
Kurinpitolautakunnan säännöt (voimaan 1.7.2013)

Rules of the Disciplinary Committee (effective 1 July 2010)

Kurinpitolautakunnan säännöt (voimaan 1.7.2010)
   
Guidelines for market making (1 July 2013)
Ohje markkinatakauksesta (voimaan 1.7.2013)
Guidelines for market making (1 September 2011)
Ohje markkinatakauksesta (voimaan 1.9.2011)
Guidelines for Actively-managed Funds (26 September, 2013)
Ohje aktiivisesti-hallinnoiduille rahastoille (voimaan 26.9.2013)

News - information from the exchange / uutisia

 

Uutiset

 

PÖRSSIN SÄÄNTÖMUUTOKSET 1.7.2014

Pörssin sääntöjä on muutettu. Muutetut arvopaperipörssin säännöt ovat voimassa 1.7.2014 alkaen ja ne korvaavat 2.10.2013 voimaan tulleet säännöt. Katso lisätietoja linkistä Regulatory notice.

 

Voimaan 1. heinäkuuta 2013

First North Nordic -Rulebook -sääntöjen muutokset tulevat voimaan 1.7.2013. Muutokset ovat luonteeltaan teknisiä ja liittyvät pääasiassa 1.1.2013 voimaan tulleeseen uuteen arvopaperimarkkinoita koskevaan lainsäädäntöön. Tehdyt muutokset koskevat ainoastaan First North Finland -markkinapaikkaa koskevia sääntökohtia.

Regulatory Notice (in English)

 

Voimaan 10. kesäkuuta 2013

Päivitetyt NASDAQ OMX Helsinki Oy:n Arvopaperien kaupankäyntisäännöt astuvat voimaan 10. kesäkuuta 2013. Muutokset liittyvät reitityslogiikkaan toteutettaviin muutoksiin sekä Euroopan arvopaperimarkkinavalvojien komitean (”ESMA”) antamien ohjeistusten huomiointiin säännöissä. Samassa yhteydessä tehdään tarvittavat muutokset markkinamallidokumenttiin NASDAQ OMX INET Nordic Market Model (version 2.17).

 

Voimaan 1. helmikuuta 2013

Päivitetyt NASDAQ OMX Helsinki Oy:n Arvopaperien kaupankäyntisäännöt astuvat voimaan 1. helmikuuta 2013. Muutokset liittyvät uuden reititysstrategian (NMID) käyttöönottoon. Samassa yhteydessä tehdään tarvittavat muutokset markkinamallidokumenttiin NASDAQ OMX INET Nordic Market Model (version 2.14).
 

20.12.2012

NASDAQ OMX Helsinki Oy:n Arvopaperipörssin sääntöihin on tarkoitus toteuttaa muutoksia uuden arvopaperimarkkinalainsäädännön myötä. Tietoa Arvopaperipörssin sääntöjen kokonaisrakenneuudistuksesta, nykyisten Arvopaperipörssin sääntöjen soveltamisesta 1.1.2013 alkaen sekä vuoden 2013 alussa toteutettavista sääntömuutoksista löytyy täältä.

 

Voimaan 19. marraskuuta 2012

Päivitetyt NASDAQ OMX Helsinki Oy:n Arvopaperien kaupankäyntisäännöt astuvat voimaan 19. marraskuuta 2012. Muutokset liittyvät uuden Parhaan Hinnan Tarjous -ehdon käyttöönottoon ja automaattisen kaupankäynnin täsmäytyslogiikan palauttami-seen sääntötasolle.
 

Voimaan 1. helmikuuta 2012

Päivitetyt First North Nordic – Säännöt astuvat voimaan 1.2.2012. Tehdyt muutokset liittyvät pääosin siirtymiseen nykyisestä GICS -toimialaluokituksesta ICB (Industry Classification Benchmark) -toimialaluokitukseen 1.2.2012 alkaen.


Voimaan 1. syyskuuta 2011

Päivitetyt NASDAQ OMX Helsinki Oy:n Arvopaperipörssin säännöt astuvat voimaan 1. syyskuuta 2011. Muutokset koskevat mm. Fast Track -rinnakkaislistauksia, poikkeusten myöntämistä listalleotto- ja tiedonantovelvollisuudesta yksittäistapauksessa sekä tarkennuksia arvopaperin kaupankäynnin alkamiseen ja päättymiseen sekä markkinatakausta koskeviin tiedonantovelvoitteisiin.

Liitännäismuutoksia tehdään myös dokumentteihin ”Yhtenäiset tiedottamissäännöt” ja ”Listalleottamisen edellytykset selostusteksteineen”. Lisäksi toimitusjohtajan antama ”Ohje markkinatakauksesta” päivitetään. Myös päivitetyt dokumentit ”Yhtenäiset tiedottamissäännöt”, ”Listalleottamisen edellytykset selostusteksteineen” ja toimitusjohtajan ”Ohje markkinatakauksesta” astuvat voimaan 1. syyskuuta 2011.
 

 

 
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News - Information from the exchange

 

1 July 2014

NASDAQ OMX Helsinki has issued special regulations regarding multi-issuer instruments. First North Guarantor Bond Segment will be operated in Finland, as a part of the First North Bond Market. The Supplement added to the First North Bond Market Rulebook shall come into effect on July 1, 2014. For more details please see Regulatory Notice.

 

RULE CHANGES 1 July 2014

The Rules of the Exchange have been changed. The updated Rules of the Exchange shall come into effect on July 1, 2014. For more details on the changes please see Regulatory Notice.

 

December 20, 2012

NASDAQ OMX Helsinki plans to update Stock Exchange Rules due to the securities markets legislation reform. More information may be found here.

 

Entry into force 1 September 2011
 

Updated Stock Exchange Rules comes into effect on September 1, 2011. The amendments relate to among others Fast Track secondary listings, individual waivers which can be granted regarding listing requirements and disclosure requirements and specifications for commencement and ending of trading of securities and disclosure requirements related to market making.

The accessory changes are introduced also to the documents “Harmonized Disclosure Rules“ and “Listing Requirements”. In addition, the Guidelines for Market Making is updated. The updated documents of “Harmonized Disclosure Rules”, “Listing Requirements” and “Guidelines for Market Making” come also into effect on September 1, 2011.

 More news in the arvchive »

 

NASDAQ OMX Iceland - Kauphöll Íslands

NASDAQ OMX Commodities Europe

Commodities


NASDAQ OMX Commodities offers access to the world's largest power derivatives market and one of Europe's best established carbon markets. It offers cash settled financial electricity derivatives contracts related to price indexes quoted for electric power in the several European countries, as well as derivatives and spot carbon credit contracts. More than 350 members from over 18 countries are currently participating in the market, including a wide range of energy producers, large energy consumers and financial institutions. All exchange transactions are subject to centralized clearing through NASDAQ OMX Clearing AB. NASDAQ OMX Commodities is the trade name of NASDAQ OMX Oslo ASA, a commodity derivatives exchange authorized by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority.

Rule documents on NASDAQ OMX Commodities »

Genium INET Commodities Market Model available in the Document Library »

 

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