Nasdaq First North Growth Market is an alternative marketplace run by the various stock exchanges included in NASDAQ. It has the same legal status as a regulated exchange. Companies on Nasdaq First North Growth Market are regulated by Nasdaq First North Growth Market’s rules and not by the legal requirements that are demanded for trading on a regulated exchange. An investment in a company that is traded on Nasdaq First North Growth Market carries more risk than an investment in a company listed on a regulated exchange. All companies, whose stock is listed for trading on Nasdaq First North Growth Market, have a Certified Advisor who assures that all regulations are observed. NASDAQ Stockholm approves applications to be included in trading on Nasdaq First North Growth Market.