Memorandum

When a company applies to be admitted to trading on AktieTorget (connection to AktieTorget), a connection memorandum or, if the connection is linked to a stock issue, an investment memorandum, must be prepared.

If the company is already listed on another marketplace which has regulations equivalent to AktieTorget’s and where the company regularly publishes information in a manner acceptable to AktieTorget, the requirement for a connection memorandum may be waived.

The following applies:

• If connection is not linked to a stock issue, a connection memorandum must be prepared according to the appended guidelines. The memorandum must be approved by AktieTorget prior to connection.
• If the connection is linked to a stock issue, two possibilities apply:
  • If an investment prospectus is required to be prepared pursuant to the Financial Instruments Trading Act (SFS 1991:980) and the prospectus is approved by the Swedish Financial Supervisory Authority, a connection memorandum need not be prepared.
  • If an investment prospectus need not be prepared for approval by the Swedish Financial Supervisory Authority, an investment memorandum must be prepared and approved by AktieTorget according to the appended guidelines prior to connection.

However, nothing prevents a memorandum being prepared in accordance with the Swedish Financial Supervisory Authority’s guidelines rather than AktieTorget’s guidelines.

For more information, please read the documents in the table to the right.