Before and after admission
First North is a multilateral trading facility with a dedicated adviser model. A company applying for admission must engage a Certified Adviser. The CA helps the company understand the admission requirements, checks that the application and company description have the required basis and acts as the main contact with the marketplace. It does not guarantee Nasdaq approval or the commercial success of a listing.
The role continues after the first trading day. The CA monitors the issuer’s compliance with the First North Rulebook and must maintain appropriately qualified designated contacts. The issuer remains fully responsible for disclosure, MAR, financial reporting and every other obligation. The CA is therefore an advisory and monitoring layer, not outsourced management.
Choosing the right adviser
Select the CA early because it affects the timetable, documentation and exchange dialogue. Compare actual capacity, sector experience, day-two availability and conflicts management, not only fees. The engagement should define responsibilities, contacts, review times and what happens on termination or replacement. Always check Nasdaq’s current list of approved advisers and the current Rulebook when planning the process.
The issuer should also appoint one internal owner who coordinates questions and delivers complete source material to the CA on time.