The Baltic securities markets are supervised by local financial supervisory authorities, whose purpose is to protect and promote the stability and reliability of the entire financial sector.
- In Estonia: The Financial Supervision and Resolution Authority
- In Latvia: The Financial and Capital Market Commission
- In Lithuania: The Bank of Lithuania
At a lower tier of regulation, the stock exchanges are self-regulatory bodies which oversee their member firms, Certified Advisers and listed companies. The resulting multi-tier supervision and surveillance system ensures market participants are adequately capitalized and act in compliance with the laws and applicable rules, regulations and guidelines.
Nasdaq Baltic Surveillance
Nasdaq Baltic carries out market supervision on the grounds and within the scope prescribed by the relevant legal acts and its own rules and regulations.
Surveillance activities can conceptually be divided into trading surveillance and issuer surveillance.
Trading surveillance involves the monitoring of trading in all financial instruments on the markets operated by Nasdaq Baltic, i.e. the regulated market and the First North multilateral trading facility.
Issuer surveillance is the monitoring of issuers’ compliance with the exchanges’ rules to ensure transparent, consistent and fair markets.