Nasdaq OMX (NASDAQ:NDAQ) announced today that the Swedish Financial Supervisory Authority (FI) has signed on as a customer for its GlobeNewswire news distribution service.
FI will be utilizing GlobeNewswire for the automated distribution of share-acquisition notifications concerning companies under its supervision, and for the distribution, administration and subscription of FI's own press releases.
In accordance with the EU directive, Transparency Obligations Directive (TOD), share-acquisition notifications and economic information from listed companies must be disclosed to the supervising authority of each country, which must then provide the information on its website. In Sweden, FI is responsible for the distribution of share-acquisition notifications to the market in Sweden and the EU.
Jenny Rosberg, Senior Vice President at NASDAQ OMX Nordic, said: "The Swedish Financial Supervisory Authority is responsible for sensitive as well as time-critical information, which is why an efficient and safe news distribution service is of the utmost importance. Our GlobeNewswire service is used by thousands of customers throughout the world, and we are pleased and proud of having won the trust of the Swedish Financial Supervisory Authority to handle its news distribution."