NATDAQ lists only AiGLe-scored instruments. The separation between scoring and listing functions; sovereign-only issuance discipline, issuer surveillance obligations, and investor eligibility discipline are the operating basis of the exchange.
AiGLe Scores assigned to NATDAQ-listed instruments are produced independently under AiGLe's published CFFI analytical criteria. AiGLe and NATDAQ are operated by separate divisions of EPC Holdings Ltd with formal separation of analytical and exchange functions. No instrument is listed without a current AiGLe Score.
Every instrument listed on NATDAQ must: (1) be issued by an OECD-qualifying sovereign government (or carry an explicit sovereign guarantee) with a current AiGLe Score of AAA on the senior tranche; (2) be issued under a legal framework with enforceable conservation or forestry obligations; (3) carry annual surveillance commitments from the issuer; and (4) disclose full programme metrics to verified institutional investors.
Listed issuers must provide annual programme performance data to AiGLe for surveillance. Score changes, including upgrades and downgrades, are disclosed on the NATDAQ register within five business days. Instruments that lose their minimum score are suspended from listing pending review.
NATDAQ is directed at institutional investors, professional clients, and elective professional clients within the meaning of applicable financial services regulation. Access to full instrument data and the investor portal requires verified institutional status. Retail access is not available.
NATDAQ instrument standards are aligned to: GBF (Kunming-Montreal Global Biodiversity Framework), Paris Agreement Article 6, TNFD disclosure recommendations, ICVCM Core Carbon Principles, Basel III CRR, IFRS 9 / IAS 41, and relevant IOSCO principles for financial market infrastructure.
NATDAQ is a trading division of EPC Holdings Ltd. Registered in England and Wales. The exchange operates under the oversight of EPC Holdings Ltd's compliance framework. FCA engagement is ongoing. Programme issuers may be domiciled in any OECD or qualifying sovereign jurisdiction.