The primary market on the Nasdaq Baltic exchanges is regulated under European Union directives and supervised in each country by the national financial supervisory authority. Listing requirements follow EU standards and are intended for well-established companies. Regulatory requirements are thus more demanding than those on the First North alternative market.
The Baltic Main List includes the most respected (“blue-chip”) companies on the Nasdaq Tallinn, Nasdaq Riga and Nasdaq Vilnius stock exchanges. To be eligible, a company must have:
The special requirements for inclusion on the Main List do not apply for the Secondary List.
Baltic fixed-income securities are presented in a joint Baltic Bond List. They include Latvian and Lithuanian government bonds as well as corporate bonds, with varying maturities.
The Baltic Fund List presents the investment fund units that are listed and traded on the Baltic exchanges.
Nasdaq First North is a multilateral trading facility (MTF), or “alternative market”, operated by the different exchanges within Nasdaq. It does not have the legal status of an EU-regulated market. Companies on First North are subject to the rules of First North rather than the legal requirements for admission to trading on a regulated market.