[Last updated: 1 January 2024, unless otherwise noted]

Where an issuer applies the corporate governance code, or corporate governance recommendations, of a jurisdiction other than that of the Exchange, the Issuer must publish a general description of the main differences between the applicable corporate governance code and the Code.

Key differences in requirements for domestic companies

Listing requirements for Swedish issuers are generally the same as those for foreign issuers. Key differences, however, include the following.

• Swedish issuers listed on a regulated market in Sweden must comply with the Code. Foreign issuers may choose to comply or may follow their local corporate governance code.
• Following a statement made by the Swedish Securities Council in 2012, foreign issuers are not subject to the specific rules governing transactions with closely related parties.
• Foreign issuers listed on Nasdaq Stockholm may be exempt from the Swedish Takeover Rules in certain cases (such as if the issuer's shares are listed on a regulated market in the jurisdiction where the issuer has its registered office).
• As of 1 July 2014, it is required that foreign issuers incorporated outside the EEA and listed on Nasdaq Stockholm, publish a general description of the main differences in minority shareholders' rights between the issuer's place of domicile and Sweden on their website.
• A foreign issuer seeking a listing on Nasdaq Stockholm is required to file a Swedish prospectus with the SFSA. However, the SFSA may grant exemptions from the language requirement and allow the prospectus to be completed in another language (mainly English). A Swedish summary of the prospectus is, however, required.

For an issuer incorporated in an EEA member state, the accounts must be prepared under IFRS. For an issuer incorporated outside the EEA, the accounts may be prepared under IFRS or, subject to certain restrictions, local GAAP.