Clients

With regard to new clients, all Icelandic financial institutions, including Arctica Finance, are obliged according to laws and regulations, to perform the following


  1. Carry out a client due diligence with regard to anti money laundering.
  2. Categorize each client as a retail client, professional client or an eligible counterparty - (MiFID) .
  3. Carry out a valuation on the client, i.e. whether the client is fit to participate in certain transactions (KYC – Know Your Customer).

Forms and Data

With the above in mind, Arctica Finance has prepared forms which helps clients with providing Arctica Finance, with all necessary information, documents and data. Arctica Finance's employees are ready to explain and provide information on the forms.

Among the data which clients who are legal entities are required to deliver, are certified copies of approved identification documents (e.g. passports) of CEO's and beneficial owners.

Asset Management‘s Clients

Clients in Asset Management are required to sign an asset management agreement, in addition to providing the information above. For further information, please contact an employee of Asset Management.

Corporate Finance's Clients

In addition to the above, clients in Corporate Finance are requested to sign an agreement with regard to each project. For further information, please contact an employee of Corporate Finance.

Capital Markets's Clients

In addition to the above, clients in Capital Markets are requested to sign an agreement on general terms and conditions. For further information, please contact an employee of Capital Markets.

The General Terms and Conditions for Capital Markets can be found here.