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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 February 2012)
  Rule book for Issuers (effective 1 July 2013)
  Regelverk för emittenter (1 februari 2012)
  Regelverk för emittenter (1 juli 2013)
     
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 Stock Exchange (effective January 31, 2013)
  Arvopaperipörssin säännöt (voimaan 31.1.2013)
     
Iceland 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
 

NASDAQ OMX Nordic Member Rules version 2.0(effective 10 June 2013)
NASDAQ OMX INET Nordic Market Model version 2.17 (effective 10 June 2013)
Buy-in Procedure and Guideline (effective 18 April 2011)
Reporting Guideline version 1.4 (effective 29 April 2013)
Cancellation Guideline NASDAQ OMX Nordic Member Rules (effective 18 April 2011)
Public Market Information
Market Model NASDAQ OMX Nordic Baltic Genium INET fixed income 2.6 (effective 4 March 2013)

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 Rulebook (effective 1 February 2012)
First North Rulebook (premier segment enters into force 1 July 2013)
   
First North Rulebook (Finnish translation, effective 1 February 2012)
First North Rulebook (Finnish translation, effective 1 July 2013)

 

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

 


Chapter 1

General Regulations

Chapter 2

Exchange Regulations

Chapter 3

Clearing Regulations (applicable to clearing participants who have not yet migrated to the Collateral Management Service)
  CMS Clearing Regulations (applicable to clearing participants which have migrated to the Collateral Management Service)

Chapter 4

Contract Specifications (i)

Chapter 4

Contract Specifications (ii)

 

Chapter 5 Appendices
   
1 Exchange Member and Clearing Member Agreement (25 March 2013)
1A Exchange Member Agreement (21 Dec 2009)
1B Direct Market Access Agreement  (21 Dec 2009)
2 Customer Agreement A (15 Dec 2008)
  Customer Agreement A, Swedish version (15 Dec 2008)
  Customer Agreement B1 (25 March 2013)
  Customer Agreement B2 (25 March 2013)
  Customer Agreement B2A (25 March 2013)
3 Blank
4 Contracts Specifications (16 August 2012)
5 Market Maker Agreement  (15 Jun 2009)
6 COM Broker Agreement (15 May 2013)
7 Compensation Agreement (26 Nov 2012)
8 List of Exchange and Clearing Members »
9 List of Approved Settlement Banks (10 June 2013)
10 Blank
11 Parameter Value List  (10 June 2013)
12 Collateral List (25 March 2013, applicable to clearing participants who have not yet migrated to the Collateral Management Service)
12 Collateral List (17 June 2013, applicable to clearing participants which have migrated to the Collateral Management Service)
12A Blank
13 Quotation List  (22 April 2013)
14 Fee List  (10 June 2013)
14A Market Maker Fee List (10 June 2013)
14B Proprietary Fee List (01 March 2013)
14C Liquidity Provider Fee List (03 Dec 2012)
14D Revenue Sharing Agreement (01 March 2013)
15 Information Distribution Agreement  (15 Jun 2009)
16 Trading- and Accessibility Hours (6 May 2013)
17 Call Auction on Index futures (26 Nov 2012)
18 Deferred Publication (26 Nov 2012)
19 Procedures in connection with system disturbances on the expiration day (02 Jan 2013) 
20 Blank
21 Clearing Agreement (16 Feb 2009)
22 Fair Value (15 Dec 2009)
23 Blank
24 Designated Sub-accounts Discount Agreement (16 February 2012)
25 Transition provisions regarding segregation in relation to Client Accounts (19 December 2011)
26 Default Fund Rules (1 June 2012)
27 Loss Sharing Rules (26 Nov 2012)
28 Default Fund Requirements (6 February 2012)
29 Supplement default rules for Contract Recorded on Segregated Accounts (25 March 2013)
30 Supplement default rules for Contract Recorded on a Direct Pledge Account (25 March 2013)

 

  Definitions

 

  Genium INET Market Model (6 May 2013)
  Genium INET Market Maker Protection Model

 

Rule consultations/notifications

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


Member rule consultations

N/A

 

Member rule notifications

Issuer rule notifications

Governmental consultations and responses


Below files are provided in PDF format

 

Stockholm                                                                       available only in Swedish
2013  

 

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
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
2013  
   

 

Iceland
2013  
 19 mars

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
2013  
   
   
EU
2013  
 14 May

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

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, linked 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 February 2012)
Rule book for Issuers (effective 1 July 2013)
Regelverk för emittenter (1 februari 2012)
Regelverk för emittenter (1 juli 2013)
   
Trading List Rules (only in English)
First North Trading List Rules (1 May 2011)
   
Take Over Rules (effective 1 July 2012)
Offentliga uppköpserbjudanden (1 juli 2012)
   
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 » (open in a new window)
Frågor & Svar » (öppnas i nytt fönster)
   

 

Member rules / Handelsregler


All below files are provided in PDF format; and

available in English only

 

NASDAQ OMX Nordic Member Rules version 2.0(effective 10 June 2013)
NASDAQ OMX INET Nordic Market Model version 2.17 (effective 10 June 2013)
Buy-in Procedure and Guideline (effective 18 April 2011)
Reporting Guideline version 1.4 (effective 29 April 2013)
Cancellation Guideline NASDAQ OMX Nordic Member Rules (effective 18 April 2011)
Public Market Information
Market Model NASDAQ OMX Nordic Baltic Genium INET fixed income 2.6 (effective 4 March 2013)

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.

 
 

 

Stockholm - External links / Externa länkar

Swedish FSA / Finansinspektionen

Aktiemarknadsnämnden / Swedish Securities Council

Kollegiet för svensk bolagsstyrning / Board of Corporate Governance

Euroclear Sweden AB

 

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.
 

  

 

Member rules / Handelsregler


All below files are provided in PDF format; and

available in English only

 

NASDAQ OMX Nordic Member Rules version 2.0(effective 10 June 2013)
NASDAQ OMX INET Nordic Market Model version 2.17 (effective 10 June 2013)
Buy-in Procedure and Guideline (effective 18 April 2011)
Reporting Guideline version 1.4 (effective 29 April 2013)
Genium INET Reporting Manual Fixed Income (effective 20 June 2011)
Cancellation Guideline NASDAQ OMX Nordic Member Rules (effective 18 April 2011)
Public Market Information
Market Model NASDAQ OMX Nordic Baltic Genium INET fixed income 2.6 (effective 4 March 2013)

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

 

 

Copenhagen - External links

Finanstilsynet / The Danish Financial Supervisory Authority

Erhvervs- og Selskabsstyrelsen / The Danish Commerce and Companies Agency

Finansrådet / The Danish Bankers Association

Børsmæglerforeningen / The Danish Securities Dealers Association

Dansk Aktionærforening / The Danish Shareholders Association

Investeringsforeningsrådet / The Federation of Danish Investment Associations

Dansk Finansanalytikerforening / The Danish Society of Financial Analysts

Værdipapircentralen / VP Securities A/S

www.corporategovernance.dk


 

NASDAQ OMX Helsinki - Helsingin Pörssi

Issuer rules / säännöt liikkeeseenlaskijoille

Below files are provided in PDF format.

 

Rules of the Stock Exchange (effective January 31, 2013)
Arvopaperipörssin säännöt (voimaan 31.1.2013)
   
Rules of the Stock Exchange (effective 1 July 2012)
Arvopaperipörssin säännöt (voimaan 1.7.2012)
   
   
Harmonized Disclosure Rules (effective 1 September 2011)
Yhtenäiset tiedottamissäännöt (voimaan 1.9.2011)
   

Finnish Corporate Governance Code (effective 1 October 2010)
Suomen listayhtiöiden hallinnointikoodi (voimaan 1.10.2010)

 

  
Guidelines for Insiders (effective 9 October 2009)
Sisäpiiriohje (voimaan 9.10.2009)
   
Own shares of a listed company (1 July 2008)
Listayhtiön omat osakkeet (voimaan 1.7.2008)
   
New stabilisation rules (3 January 2005)
Stabilisaatiomenettely (voimaan 3.1.2005)
   

Rules of the Disciplinary Committee (effective 1 July 2010)
Kurinpitolautakunnan säännöt (voimaan 1.7.2010)
   
Guidelines for market making (1 September 2011)
Ohje markkinatakauksesta (voimaan 1.9.2011)
   
   
   

 

Member rules / kaupankäyntisäännöt


All below files are provided in PDF format

 

NASDAQ OMX Nordic Member Rules version 2.0(effective 10 June 2013)
Arvopaperien kaupankäyntisäännöt 2.0 (voimaan 10 kesäkuuta 2013)
NASDAQ OMX INET Nordic Market Model version 2.17 (effective 10 June 2013)
Buy-in Procedure and Guideline (effective 18 April 2011)
Reporting Guideline version 1.4 (effective 29 April 2013)
Cancellation Guideline NASDAQ OMX Nordic Member Rules (effective 18 April 2011)
Market Model NASDAQ OMX Nordic Baltic Genium INET fixed income 2.6 (effective 4 March 2013)
Public Market Information

Warrants & Certificates

Rules of the Stock Exchange

Arvopaperipörssin säännöt

 

News - information from the exchange / uutisia

 

Uutiset

 

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.
 

 
 
 Lisää uutisia arkistossa »
 

News - Information from the exchange

 

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 »

 

Helsinki - External links / linkkejä


FIN-FSA/Finanssivalvonta »

Finnish Foundation for Share Promotion/Suomen Pörssisäätiö»

Securities Market Association/Arvopaperimarkkinayhdistys ry »

Euroclear Finland »

Federation of Finnish Financial Services/Finanssialan Keskusliitto ry (FK) »

Ministry of Finance/Valtiovarainministeriö »

Finlex (database of translations of Finnish acts and decrees) »

NASDAQ OMX Iceland - Kauphöll Íslands

Issuer rules / Reglur fyrir útgefendur - Eyðublöð

 

Below files are provided in PDF format

 

Rules for issuers (December 2009)

Reglur fyrir útgefendur fjármálagerninga (desember 2009

  

First North Iceland Fixed Income - Rulebook 2 July 2012

 

First North Rulebook (effective 1 February 2012)

  

Fees for issuers 1 March 2013

Gjaldskrá fyrir útgefendur 1. mars 2013

  

Corporate Governance - 2012

Stjórnarhættir fyrirtækja - 2012

 

Eyðublöð
 

Umsókn um töku hlutabréfa til viðskipta
Application for admission to trading - Shares

Umsókn um breytingu á stærð skuldabréfaflokks
Application for change in the size of a class of bonds

Umsókn um töku skuldabréfa/víxla til viðskipta
Application for admission to trading - Bonds/bills

Umsókn um töku hlutdeildarskírteina til viðskipta
Application for admission to trading - Unit share certicates

Atvinnugreinaflokkun - ICB

Viðskiptamannaupplýsingar (Billing form)

Skilmálar flokks - Term sheets


Bæklingar

Skráningarbæklingur - 1. mars 2010

Inngangur að upplýsingagjöf - Hlutabréf - maí 2012
 

Member rules / Reglur fyrir kauphallaraðila


All below files are provided in PDF format

 

NASDAQ OMX Nordic Member Rules version 2.0(effective 10 June 2013)
NASDAQ OMX INET Nordic Market Model version 2.17 (effective 10 June 2013)
Buy-in Procedure and Guideline (effective 18 April 2011)
Reporting Guideline version 1.4 (effective 29 April 2013)
Reporting Guideline Fixed Income
Cancellation Guideline NASDAQ OMX Nordic Member Rules (effective 18 April 2011)
Public Market Information
Market Model NASDAQ OMX Nordic Baltic Genium INET fixed income 2.6 (effective 4 March 2013)
Rules on Ethics for Members of NASDAQ OMX Iceland
Siðareglur fyrir aðila að Kauphöllinni

Agreements / Samningar


All below files are provided in PDF format



Yfirlýsing FME og NQXI um eftirlitsverkefni 22.1.2009
Samningur milli FME og Kauphallarinnar um staðfestingu tilboðsyfirlita

Iceland - External links / Ísland – Aðrir tenglar

 

Central Bank of Iceland

Icelandic FSA

Icelandic Securities Depository

 

Lagasafn Alþingis

Reglugerðarsafn

 

NASDAQ OMX Commodities Europe

Commodities


NASDAQ OMX Commodities Europe 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 Stockholm AB. NASDAQ OMX Commodities Europe 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 »

 


 

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