Glossary

Swedish capital markets in plain English.

Terms that often appear in the same meeting but are governed by different rules, contracts and marketplaces. Each explanation covers what the term means and what a company needs to do in practice.

A–Z

Twelve concepts to start with.

The glossary is general guidance. Always check the linked primary source and the current rules for the marketplace and transaction concerned.

01

Certified Adviser

A practical explanation of the Certified Adviser’s role for companies on Nasdaq First North Growth Market.

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02

MAR

The EU Market Abuse Regulation and its practical effect on disclosure by Swedish listed companies.

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03

Rights issue

How a Swedish rights issue works, from corporate approval and subscription rights to allocation and registration.

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04

Warrant

Subscription warrants in Swedish companies: future share subscription rights, terms, approvals and dilution.

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05

Prospectus

Prospectuses for public offers and regulated-market admissions: content, approval and project management in Sweden.

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06

Information memorandum

The difference between an information memorandum and an EU prospectus in Swedish listings and capital raises.

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07

Liquidity provider

The function, agreement and limitations of a liquidity provider in a Swedish listed company’s share.

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08

Observation status

What exchange observation status means, when it may be used and how an issuer should communicate about it.

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09

Distribution requirements

Shareholder distribution, free float and why the marketplace requirement must be monitored after admission.

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10

Lock-up

Lock-up arrangements in listings and capital raises: restricted transfers and the limits of the commitment.

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11

ETC

Exchange Traded Commodities: underlying exposure, collateral and structural risk.

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12

ETN

Exchange Traded Notes: how the debt security tracks an underlying reference and the risks created by its structure.

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