NASDAQ OMX Iceland hf. has confirmed that Audur Capital will be Certified Adviser for First North Iceland.
The role of a Certified Adviser is to provide advice and support to companies signed up to First North and while they are being traded on the stock market.
Thordur Fridjonsson, President of NASDAQ OMX Iceland said: “It is entirely our pleasure that Audur Capital will be Certified Adviser for First North Iceland. For the resurrection of the stock market, it is important to have professional associates like Audur Capital with experience and advice for companies and we expect a lot from our co-operation with Audur in the future.”
Margit Robertet, head of Business Support Services at Audur Capital said: “It is our opinion that First North is an important step in the augmentation of the Stock Market and a welcome investment opportunity for small and medium sized companies. We look forward to offering these businesses professional advice and assistance with listing on First North.”
It falls to the Certified Adviser to build a trusted market as it is the Adviser’s responsibility to make sure companies are meeting their obligations with regard to accounts and the sharing of information which govern First North.
Audur Capital is the sixth financial company to take on the role of Certified Adviser to First North Iceland, two of which have been confirmed this year.
An older story on the unusually interesting financial company, Audur Capital can be found here.
This is a positive chance that Iceland can re-establish itself again on the stock market through Audur Capital, a Certified Adviser for the First North Iceland. This means full regulatory observations. Transparent. No hocus pocus.