Investors

This is where you can find information about the requirements placed on people who trade in securities, in other words conduct transactions in issuers.

The purpose of the rules in this area is to create a high degree of transparency in the market. In turn, this will contribute to the stability of the financial market and strong protection for investors.

The rules are rich in detail and often complicated. That is why it is important that you find out well in advance what obligations someone who trades in securities has.

Stock exchanges and MTFs

The requirements vary depending on where the securities are admitted to trading. For an issuer on a regulated market (what we normally refer to as a stock exchange – e.g. Nasdaq Stockholm and NGM Equity), there may be, for example, an obligation to make major shareholding notifications. There is no such obligation for securities that are traded on a multilateral trading facility (MTF) such as Spotlight Stock Market and Nordic MTF.

Persons discharging managerial responsibilities

Persons discharging managerial responsibilities are always under obligation to report transactions to FI's PDMR transaction register – regardless of whether the company is listed on a regulated market or an MTF.

Reporting to FI

It is the rapporteur that is responsible for the content of a report submitted to FI. Further information about how reporting linked to different types of obligation is to be carried out can be found at Reporting.

Published decisions

All interventions that FI decides on, for example as a result of infringements of a trading ban and late PDMR reporting, are available on FI's website, on the page Sanctions/Market information (in Swedish).

Let FI know about infringements

If you have information about suspected regulatory infringements, please e-mail transparens@fi.se. Please note that documents received by an authority can be requested, see Public documents (in Swedish). If you would like to tip us off anonymously, instructions can be found on the page Whistleblowers (in Swedish).

So that we are able to deal with the information you provide in the best possible way, we ask that you describe the suspected infringement in as much detail as possible – and if possible also cite which regulation or regulations you believe have been infringed.

 

Last reviewed: 2018-10-19
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