- P/F Föroya Banki becomes Certified Adviser on First North


The OMX Nordic Exchange Iceland hf. has approved P/F Föroya Banki as Certified
Adviser (CA) on First North Iceland. The CA´s role is to assist and advice a
company during the admission process and serve as an adviser and an
intermediary with the First North market while the company remains on the
market. The CA set-up is designed to build trust in the market as the CA´s are
responsible for monitoring that the companies they advice at all times fullfill
the First North admission and disclosure requirements. 

To become Certified Adviser for First North, companies must meet certain
conditions. Those are mainly: 
- Be a legal entity 
- Have an adequate number of employees 
- Ensure that employees of the Certified Advisers are fit and proper and have
  proven and proper and have proven experience of corporate finance business 
- Have internal rules regarding trading in shares in companies for which the
  firm acts as Certified Adviser 
- Have internal procedures regarding documentation and storage of information 

First North welcomes P/F Föroya Banki to the market.