Notification of amendments to the rulebook for Nordic MTF
Nordic Growth Market NGM AB (“NGM”) has conducted a review of the rulebook for Nordic MTF (the “Rulebook”) in order to improve market transparency and resilience by establishing more stringent requirements on issuers of Securitized Derivatives and Special Bonds under the Rulebook.
In addition to editorial amendments, the review has led to a requirement that issuers must be either a licensed credit institution or an investment firm under the supervision of a competent authority. If the issuer itself is not under direct supervision, approval may still be granted if the issuer is covered by a guarantee from a supervised group company, or if there is equivalent security in place to ensure all payment obligations on issued instruments are met in case of insolvency. The previous Rulebook permitted approval of an issuer not under supervision if it demonstrated sufficient financial solvency and good standing.
A clean version as well as a mark-up of the new rulebook has been uploaded to NGM’s website. The new Rulebook will come into effect on December 1, 2024.
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For more information about this Market Notice, please contact us by e-mail, marketsurveillance@ngm.se or telephone, +46 8 566 390 55.
NGM Market Notice Pressroom
https://news.cision.com/ngm-market-notice
