NASDAQ OMX Stockholm’s Disciplinary Committee

The Disciplinary Committee handles breaches by issuers and member of the Exchange's regulations.

NASDAQ OMX Stockholm AB shall, according to the Swedish Securities Exchange and Clearing Operations Act (SFS 1992:543), possess a disciplinary committee charged with the task of handling breaches by issuers and member of the Exchange´s regulations. If the Exchange suspects that a member, broker or listed company has acted in breach of the Exchange’s rules and regulations or a failure to comply with law and other regulations the matter is reported to the Disciplinary Committee. The Exchange investigates the suspicions and pursues the matter and the Disciplinary Committee issues a ruling regarding possible sanctions. The sanctions possible for listed companies are a warning, a fine or delisting. The fines that may be imposed range from one to 15 annual fees. The sanctions possible for Exchange members are a warning, a fine or debarment, while brokers may be warned or have their brokerage license rescinded. The Disciplinary Committee’s Chairman and Deputy Chairman must be lawyers with experience of serving as judges. At least two of the other members of the Committee must have in-depth insight into the workings of the securities market. Determinations by the Disciplinary Committee of the Exchanges from 1994 up until today are available at the top right side of this page.

Members: Supreme Court Justice Johan Munck (Chairman), Supreme Court Justice Marianne Lundius (Deputy Chairman), Madeleine Leijonhufvud (professor), Stefan Erneholm (company director) and Hans Mertzig (company director). Deputy Members: Bo Magnusson (certified accountant), Wilhelm Lüning (lawyer), Jack Junel (company director), Ragnar Boman (MBA) and Carl Johan Högbom (MBA).