New 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 new clients are obligated to fill out, sign and deliver to Arctica Finance, along with all necessary documents and data. Arctica Finance's employees are ready to explain and provide information on the forms, which are:

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

New Clients in Asset Management

In addition to the above, new clients in Asset Management are requested to sign an agreement on asset management or other services which Asset Management may provide. For further information, please contact an employee of Asset Management.

New Clients in Capital Markets

In addition to the above, new 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.

New Clients in Corporate Finance

In addition to the above, new 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.