Oslo Børs will open its new, less onerous marketplace, to be called Oslo Axess, in May. The Board of Oslo Børs has now approved the less demanding final rules and admission requirements for the market.
The launch of Oslo Axess is being accompanied by a tightening of rules on admission to the main market, and the merger of the current Main List and SMB List into a single stock exchange list.
However, Oslo Børs says it is trying to distinguish Oslo Axess from the alternative marketplaces established in other European markets by insisting that, once a company is listed on Oslo Axess, it follow the same rules and regulations that apply to companies listed on the main market.
Investors in Oslo Axess companies will also enjoy the same degree of investor protection as those investing in companies listed on Oslo Børs.
Trading on Oslo Axess will take place on the same trading platform system and under the same regulatory framework as Oslo Børs. Existing stock exchange members will be granted membership automatically.