NEWS RELEASE
December 2, 2016
Nasdaq Stockholm orders Fingerprint Cards to pay a fine
corresponding to two annual fees
Stockholm, December 2, 2016 — The Disciplinary Committee of Nasdaq Stockholm has found that
Fingerprint Cards AB (“Fingerprint Cards”) has breached Nasdaq Stockholm’s regulations (the “Rule Book”)
and, accordingly, has imposed a fine on Fingerprint Cards AB amounting to two annual fees, corresponding to
an amount of SEK 916 496.
The Disciplinary Committee has found that Fingerprint Cards acted in breach of item 3.1.5 of the Rule Book
and in breach of the regulations issued by the Swedish Financial Supervisory Authority, (Finansinspektionen),
FFFS 2007:17 when publishing a revenue forecast on December 9, 2015. Furthermore, Fingerprint Cards also
breached the same item in the Rule Book through a statement to the media on the same day. Moreover,
Fingerprint Cards did not inform the exchange prior to publication of the information, which must be considered
potentially significant price sensitive. Finally, Fingerprint Cards is not considered to have met the requirements
regarding sufficient capacity for information disclosure, item 2.4.3 of the Rule Book.
The Disciplinary Committee has concluded that Fingerprint Cards did not act in compliance with the Rule Book
in a number of situations during 2015 and 2016. Although, to a certain extent, the individual breaches could be
considered to be excusable and entail an error committed by the Company’s distribution service, and were
outside of the Company’s control, in the assessment of the Disciplinary Committee these violations together
with the statements of a previous CEO on Twitter and previous criticism from the Exchange with regard to the
company’s information disclosure mean that the Company has not had adequate procedures and systems in
place for its information disclosure. Together, these violations cannot be considered minor or excusable and
warrant a fine corresponding to two annual fees.
A more detailed description of the case and the Disciplinary Committee’s ruling is published on:
http://www.nasdaqomx.com/listing/europe/surveillance/stockholm/disciplinarycommittee/decisions/
Participating in the Committee’s decision were former Supreme Court Justice Marianne Lundius, Supreme
Court Justice Anne-Christine Lindeblad, Company Director Carl-Johan Högbom, Company Director Jack Junel
and former Authorized Public Accountant Bo Magnusson.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing,
information and public company services across six continents. Through its diverse portfolio of solutions,
Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using
proven technologies that provide transparency and insight for navigating today's global capital markets.
As the creator of the world's first electronic stock market, its technology powers more than 70
marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more
than 3,700 listed companies with a market value of $9.3 trillion and 18,000 corporate clients. To learn
more, visit: nasdaq.com/ambition or business.nasdaq.com
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallinn, Nasdaq Vilnius, Nasdaq
Clearing and Nasdaq Broker Services are respectively brand names for the regulated markets of Nasdaq Copenhagen A/S, Nasdaq
Helsinki Ltd., Nasdaq Iceland hf., Nasdaq Riga, AS, Nasdaq Stockholm AB, Nasdaq Tallinn AS, AB Nasdaq Vilnius, Nasdaq
Clearing AB and Nasdaq Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq
Helsinki, Nasdaq Iceland and Nasdaq Stockholm. Nasdaq Baltic represents the common offering by Nasdaq Tallinn, Nasdaq Riga
and Nasdaq Vilnius.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about Nasdaq and its products
and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from
those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties
or other factors beyond Nasdaq's control. These factors include, but are not limited to factors detailed in Nasdaq's annual report on
Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release
any revisions to any forward-looking statements.
MEDIA RELATIONS CONTACT:
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