Authorisation and regulation
Procorp is an independent investment firm authorised by the Financial Supervisory Authority of Norway (Finanstilsynet). This authorisation provides a regulated framework for our advice on transactions, capital raising and other financial processes.
Authorisation and supervision
ProCorp AS is an investment firm authorised and supervised by the Financial Supervisory Authority of Norway (Finanstilsynet). The firm assists with arranging and placing securities issues, including private placements, without a firm commitment underwriting obligation.
ProCorp is authorised to provide the following investment services pursuant to section 2-1, first paragraph, of the Norwegian Securities Trading Act:
No. 1: Reception and transmission of orders in relation to financial instruments.
No. 2: Execution of orders on behalf of clients.
No. 7: Placing of financial instruments without a firm commitment basis.
ProCorp may also provide the following ancillary services pursuant to section 2-6 of the Norwegian Securities Trading Act:
Advice to undertakings on capital structure, industrial strategy and related matters, and advice and services relating to mergers and acquisitions.
Within the scope of these authorisations, ProCorp assists companies and their owners with capital raising, company acquisitions and sales, valuations, and advice on capital structure and corporate strategy.
Remuneration policy information
ProCorp AS has a written remuneration policy covering all employees. It encompasses fixed salary, variable remuneration, benefits in kind, share-based remuneration, pension arrangements and severance payments.
The Board adopts and reviews the policy at least annually. The review is intended to ensure that remuneration supports sound risk management, compliance and the long-term interests of ProCorp AS.
ProCorp AS assesses annually which employees may materially affect the firm's risk profile. As at the date of the most recent Board review, ProCorp AS has not identified any risk takers other than senior management and employees with control responsibilities.
Variable remuneration is based on clear criteria and an overall assessment of performance, risk, compliance and results over time. ProCorp AS pays variable remuneration only when this is prudent in light of the firm's financial position.