How to Become a Certified Adviser?
To become a Certified Adviser on First North in Estonia, Latvia or Lithuania, a company must fill out the application form available online and sign an agreement with the relevant Nasdaq stock exchange in Tallinn, Riga or Vilnius.
An Adviser must also enter into an agreement with each company for which it is performing the function of Adviser. And Advisers have to meet certain requirements in order to guarantee high-quality services to First North companies:
1. At least two employees must have sufficient experience.
2. Develop internal trading rules.
It has to be stipulated that persons in the Certified Adviser role shall not be allowed to trade in the shares of the issuer to whom they provide consultancy.
3. Avoid conflict of interest.
Rules governing treatment of confidential information have to be developed.
4. They must suitably document all relevant information.