Rules and Policies

Arctica Finance places strong emphasis on employing personnel with the skills, knowledge and expertise necessary for the discharge of the responsibilities allocated to them.

It is useful for Arctica Finance's clients to acquaint themselves with the information provided on this site, such as on MiFID, FATCA, client classification, anti-money laundering actions etc.

Financial undertakings are required by law to gather various information prior to starting business with new clients and those requirements can be found on the sub-sites hereunder. Information can also be requested by sending an e-mail to an employee.

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Information
Rules
Policies
Tariff

Information

Anti Money Laundering
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According to Icelandic Act no. 140/2018, on Measures Against Money Laundering and Terrorist Financing, Arctica Finance is obligated to apply customer due diligence measures.
Client Classification
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According to Icelandic law, financial undertakings, such as Arctica Finance, are to classify clients according to their experience and expertise.
Risks of financial instruments
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This risk analysis provides a summary of the main types of financial instruments and the risks involved in investing in them. The list is not exhaustive and other factors than those mentioned here can affect the value of the financial instrument in question.
FATCA & CRS
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Arctica Finance is obliged, on the basis of the Income Tax Act, to provide the Iceland Revenue and Customs with a variety of information, including to annually submit information on the income and assets of US taxpayers with reference to the US tax law (e. US Foreign Account Tax Compliance Act - FATCA), as well as to provide information on other foreign taxpayers based on the CRS standard on the exchange of information on financial information (e. Common Reporting Standard).
Complaints
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Arctica Finance prides itself on providing clients with the best possible service in the field of securities trading. Part of that service is to provide information on where clients should turn if they believe they have reason to complain about the company's services.
Legal disclaimer
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Legal disclaimer for Arctica Finance's websites and social media content.

Rules

Order Execution
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Arctica Finance has established rules for the execution of orders. The rules are intended to support Arctica Finance to find all possible ways to achieve the best possible result for its clients when executing their orders and specify the trading venues (markets) on which Arctica Finance executes its clients' orders.
Conflict of Interest
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Avoiding conflicts of interest is part of providing the best services possible. Having employees within different divisions performing their work in separate area, is in practice the most efficient way to avoid conflicts of interest.
Rules on the Eligibility of Key Employees
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Arctica Finance has issued rules on the basis of laws and the rules of the Financial Supervisory Authority, wherein key employees are listed as well as the rules stating what Arctica Finance demands of its key employees, which is stricter than the demands placed on other employees.
Rules on Handling of Information on Clients
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Arctica Finance has issued rules in accordance with Act on Financial Undertakings on handling of information on clients. Those rules state how information is to be communicated to internal audit, supervisory authorities and the police, and how supervision of the implementation of the rules is arranged.
Rules on Employees' Securities Transactions
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Arctica Finance has issued rules on the basis of Act on Financial Undertakings and Act on Securities Transactions, with reference to regulation on investor protection and the business conduct of financial undertakings, on employees' securities transactions.

Policies

Personal Data Protection Policy
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Arctica Finance has in accordance with Act no. 90/2018 in place a Personal Data Protection Policy
Policy on sustainability and social responsibility
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Arctica Finance has adopted a policy on sustainability and social responsibility with reference to the act on financial undertakings, the act on equal treatment on the labour market, and the act of equal status and equal rights irrespective of gender.

Tariff

Here you can find commission and fees for Arctica Finance.

Examples of Costs

According to law, Arctica Finance “shall have available aggregated information about all costs and charges”. For this purpose, Arctica Finance, among other things, makes here available a cost guide so that clients can understand the total costs and the impact on the return on investment when buying shares, bonds, in specialized funds and for asset management services. For simplicity, no return is calculated during the investment period in the examples.

Examples of costs