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Education for Certified Advisers on Nasdaq First North

For whom: Certified Advisers on Nasdaq First North

Course language: Swedish 

These sessions are aimed at employees at Certified Adviser-firms and is a requirement in order to become a Certified Adviser contact person. The session is also suitable for experienced Certified Advisers contact persons looking for a touch up on their knowledge.

All session at 13:15 - 16:30 CET

Date  
March 7 Register by email to: listings@nasdaq.com
May 31 Register by email to: listings@nasdaq.com
September 13 Register by email to: listings@nasdaq.com
November 29 Register by email to: listings@nasdaq.com

Mandatory Online Certified Adviser Training

The Certified Adviser function has been one of the success factors of First North. It is a concept integral to the smooth running of the marketplace that we are eager to continue to develop and improve. 

For this reason we are launching a training in the form of an online module which covers the basic responsibilities of the Certified Advisers and their designated contact persons as well as information about updates and changes to relevant regulations and processes. The purpose of the training is to align our views on the Certified Advisers’ responsibilities. The input that Certified Advisers provide to the surveillance team in relation to issuers is essential for market surveillance purposes and with this training we are hoping to accomplish an even stronger culture of compliance among our Certified Advisers and listed companies. 

The training takes approximately 1.5 hours to complete. At the end of each chapter there will be a test and the designated contact person must pass this test. If they do not pass the test they must retake the chapter. In most cases the tests allow for one wrong answer, but for some of the chapters a full score is required for passing. When the training is completed the designated contact person will be presented with a scenario for which they will have to outline an answer in approximately 500 words. This final essay question will not be graded but a representative from Issuer Surveillance will read the answers and reply with feedback. The answer must be emailed to the local issuer surveillance team. The training is only available in English. Your local issuer surveillance team will email you instructions on how to register for the training when it opens. Note that the training can be exited at any point – the progress will be saved. 

The topics covered in the training are: 

  • The role of the Certified Adviser: covers the Certified Adviser’s responsibilities as well as NASDAQ’s expectations on their work. 
  • Listing requirements: covers the formal requirements for listing on First North, as provided in the First North Nordic Rulebook. 
  • Listing process: covers the various stages of the listing process and the responsibilities of the Certified Adviser at each stage. 
  • Ongoing listing requirements: a review of what the certified adviser needs to keep in mind while the company is listed. 
  • Disclosure obligations: covers relevant provisions in the Market Abuse Regulation, the First North Nordic Rulebook and important aspects of company announcements. 
  • Interventions: covers the basics of investigations, trading suspensions and observation status. 

If you have any questions about the training please reach out to your local issuer surveillance team. 

Sweden
iss@nasdaq.com
+46 8 405 7050 

Denmark
surveillancedk@nasdaq.com
+45 33 93 33 66 

Finland
survo@nasdaq.com
+358 9 6166 7260 

Iceland
surveillance.ice@nasdaq.com
+354 525 2810

Mandatory Certified Adviser Training – FAQs

1. Why are you launching this training?
Regulatory compliance is the cornerstone of a reliable marketplace and the Certified Adviser function is fundamental in monitoring First North issuers. In order to build even better competence among our Certified Advisers in this area and establish a more efficient collaboration between the Certified Advisers and Nasdaq, we are launching this training where we go through the most important aspects of the role and explain relevant rules and laws in more detail. 

2. Is it a mandatory activity?
Yes, this is a mandatory training for everyone who work with issuers in a certified adviser capacity. 

3. What is the difference between a “designated contact person” and a “certified adviser”?
For the purposes of this training, the “Certified Adviser” is the company that provides the certified adviser services. The “designated contact person of the Certified Adviser” is every individual who provides certified adviser services to a First North issuer, whether they currently have an issuer that they are advising or not. 

4. Do all the employees who work at a Certified Adviser have to take the training?
Everyone who works or plan to work in the capacity of a designated contact person, in other words everyone who are licensed to advise a First North company, must take the training. 

5. Is the training a one-time event?
The plan is to launch the training on an annual basis. We may however come to change the format over time. 

6. How long does the training take to be completed?
The training takes approximately 1.5 hours to complete. 

7. Do I have to complete the training in one go or can I do it in slots?
You do not have to complete the training in one go and if you exit the training your progress will be saved. You must however complete the training within the prescribed deadline. 

8. Do I still have to attend the certified adviser training session at Nasdaq that is mandatory for all new certified advisers?
Yes you do. This is a great opportunity for you to visit Nasdaq and meet some of the people with whom you will have regular contact in the future. In that session we also go through important local regulations and practices that are not currently presented in the training. 

9. Is the training available in Swedish/Norwegian/Danish/Icelandic?
No. The training is currently only available in English. 

10. How do I access the training?
You will receive an email from Nasdaq Academy where you will get instructions on how to access the training.

Location

All on site training take place at Tullvaktsvägen 15, Stockholm and are conducted by Nasdaq’s Surveillance team (if not specified otherwise).

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