Why is a Certified Adviser required for Nasdaq First North listings?

Nasdaq requires all First North companies to have a Certified Adviser (CA), who ensures that the company meets the applicable listing requirements and maintains compliance with First North's rules on an ongoing basis – including disclosure obligations and the Market Abuse Regulation (MAR). An experienced CA provides a knowledgeable partner for questions and compliance.

What ongoing obligations does a First North-listed company have?

Key requirements include having a Certified Adviser (CA) relationship, ensuring the board and management have sufficient experience, meeting disclosure obligations in a timely and accurate manner, complying with MAR, and maintaining adequate working capital. The right CA makes navigating these requirements straightforward and keeps clients informed.

Can a listed company switch its Certified Adviser?

Yes. First North companies regularly review their Certified Adviser (CA) relationship, and switching is procedurally straightforward. If you are considering a change, we are happy to have a no-obligation conversation about what the transition would involve and how we work with listed companies.

Nasdaq First North Certified Adviser services

Sisu Partners acts as a Certified Adviser for companies listed or preparing to list on Nasdaq First North Growth Market Finland.

A certified professional at your service

As an independent and experienced advisor, Sisu Partners provides practical, senior-level guidance and maintains a close working relationship with clients.

We ensure that our client companies meet all First North requirements and maintain compliance with the market’s rules throughout the listing process and thereafter as listed companies.

Financial advisory for successful listings

Our team advises management and boards, both in connection with a listing and as established listed companies. Our work includes initial assessments, review of required documentation, coordination with Nasdaq and other advisors, and advice on disclosure obligations, corporate governance, and market communications.

Our experience from multiple Certified Adviser roles gives us a broad understanding of different companies and the situations they may face as listed entities. We ensure that companies operate confidently in the public market environment, meeting regulatory standards while focusing on their strategic and operational objectives.

Trusted corporate finance advisory

With decades of experience advising companies of all sizes, backgrounds, and ownership structures in Finland and internationally, we know how to make your next move count.

Our clients

Faron Pharmaceuticals Oy
Inderes Oyj
Lapwall Oyj
Modulight Oyj
Witted Megacorp Oyj

Frequently asked questions

Why is a Certified Adviser required for Nasdaq First North listings?: Nasdaq requires all First North companies to have a Certified Adviser (CA), who ensures that the company meets the applicable listing requirements and maintains compliance with First North’s rules on an ongoing basis – including disclosure obligations and the Market Abuse Regulation (MAR). An experienced CA provides a knowledgeable partner for questions and compliance.

What ongoing obligations does a First North-listed company have?: Key requirements include having a Certified Adviser (CA) relationship, ensuring the board and management have sufficient experience, meeting disclosure obligations in a timely and accurate manner, complying with MAR, and maintaining adequate working capital. The right CA makes navigating these requirements straightforward and keeps clients informed.

Can a listed company switch its Certified Adviser?: Yes. First North companies regularly review their Certified Adviser (CA) relationship, and switching is procedurally straightforward. If you are considering a change, we are happy to have a no-obligation conversation about what the transition would involve and how we work with listed companies.