Reclassification of Danish Investment Funds to Exchange Traded Funds

Nasdaq Nordic will reclassify the Danish Investment Funds (UCITS Funds) traded on XCSE to Exchange Traded Funds (ETF). This change is regulatory driven as MiFID II regulation classifies Investment funds having a market maker as ETFs from the transparency perspective. In order to comply with the new classification, the Investment Funds having a market maker falls under MiFIR identification “ETFS” instead of “OTHR”, which is applied currently for the affected instruments.