Welcome to our course in stock exchange law, aimed at owners, boards, executive management and others who need essential knowledge of stock exchange law to meet the requirements placed on them. There is a strong focus on the Market Abuse Regulation's rules on the company's disclosure obligation, drawing up insider and insider-trading lists, insider offences, the trading ban for persons discharging managerial responsibilities, the obligation to report to Finansinspektionen and market abuse offences. You will also learn which rules apply to listed companies when carrying out new share issues and incentive programmes.
THE COURSE COVERS THE FOLLOWING MODULES:
1. The main features of the regulatory framework for listed companies, the Swedish marketplaces and institutions
EU rules, laws, Finansinspektionen's regulations and guidance, the marketplaces' rules and Swedish self-regulation.
2. Listing requirements on a regulated market (stock exchange) and trading platform
Focus on listing requirements for trading on Nasdaq Stockholm and Nasdaq First North Growth Market. Briefly on the listing requirements on NGM Nordic MFT and Spotlight.
3. The Swedish Corporate Governance Code
The Code's background, purpose and rules.
4. Disclosure rules for listed companies
The basic thinking and content of the disclosure rules. The Market Abuse Regulation's (MAR) rules on disclosure obligations and Nasdaq's supplementary rules on stock market information. Briefly on the flagging rules and the board's responsibility in a public takeover offer.
5. New share issues
A review of the Swedish Companies Act's rules and good practice for different types of new share issues.
6. Incentive programmes
Based on legislation and self-regulation, we go through what a board should know about share-based incentive programmes.
7. Market abuse rules (insider offences and different types of market manipulation), insider reporting, drawing up an insider list and an insider-trading log (logbook), and rules on the trading ban for persons discharging managerial responsibilities
Rules and formalities for the individual board member and the company regarding inside information and trading in the company's financial instruments, and reporting to Finansinspektionen.
The knowledge from the course should be directly applicable in practice. In addition to thorough course material, you receive tools, checklists and templates.
