Market Regulation

Surveillance Committees

Nasdaq Riga and Nasdaq Tallinn have established surveillance committees to handle suspected violations of exchange regulations. The committees are independent bodies and all their decisions are made public through the dissemination of a press release by the relevant exchange and publication of the information on the exchange’s website.

Current members of the Nasdaq Tallinn Listing and Surveillance Committee

Andrus Alber –Finora Capital AS, Chairman of the Management Board

Erki Kert – Big Data Scoring Oy, CEO

Kristjan Hänni –Kawe Kapital AS, Member of the Management Board

Fabio Filipozzi – Bank of Estonia, Head of Financial Markets

Sven Papp – Ellex Raidla Law Firm, Partner

Hannes Vallikivi – Derling Primus, Partner and Attorney-at-Law

Peeter Saks – BaltCap, Managing Partner

Decisions of the Nasdaq Tallinn Listing and Surveillance Committee may be appealed to a court of arbitration.

Current members of the Nasdaq Riga Surveillance Committee

Viktors Gustsons – Compensa Life Vienna Insurance Group SE Latvia Branch, Member of the Management Board

Lauris Liepa – COBALT Law Office, Partner and Attorney-at-Law

Edgars Līvmanis – NCH Advisors Inc., Lawyer

Jānis Leja – Latvian Chamber of Commerce and Industry

Māris Purgailis – University of Latvia, Faculty of Economics and Management, Dean, Associate Prof.

Rolands Paņko – Development Finance Institution Altum

Uldis Zelmenis – BTA Life Insurance, Investment Portfolio Manager; G&Z Investment Advisors SIA, Chairman of Management Board

Decisions of the Nasdaq Riga Surveillance Committee may be appealed to the Latvian Financial and Capital Market Commission, to arbitration, or to court.