The Swedish Financial Supervisory Authority has initiated an investigation regarding Nordnet’s internal governance in relation to EU’s regulation on short-selling - Nordnet Bank AB
2021-03-31

The Swedish Financial Supervisory Authority has initiated an investigation regarding Nordnet’s internal governance in relation to EU’s regulation on short-selling

The Swedish Financial Supervisory Authority (SFSA) has decided to initiate an investigation against Nordnet Bank AB regarding internal governance and control in relation to EU’s short-selling regulation. The background to the investigation is the short-selling transactions carried out by customers of Nordnet in Moment Group AB in February 2021.

Due to the short-selling transactions in Moment Group, the SFSA wants to investigate Nordnet’s internal routines and processes for short-selling. The investigation will begin with the collection of information, followed by a meeting between the SFSA and Nordnet.

This is information that Nordnet AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person, at 17.15 CET on March 31, 2021.

For more information, please contact:

Johan Tidestad, Chief Communications Officer, Nordnet

johan.tidestad@nordnet.se

Nordnet is a pan-Nordic leading digital platform for savings and investments. Through innovation, simplicity and transparency, we challenge traditional structures, and give private savers access to the same information, tools and services as professionals. Visit us at www.nordnetab.com, www.nordnet.se, www.nordnet.no, www.nordnet.dk or www.nordnet.fi.