First North is an alternative marketplace operated by the various exchanges that are part of NASDAQ OMX.
It does not have the same legal status as a regulated market. Companies on First North are governed by First North's rules and not by the legal requirements placed on trading on a regulated market. An investment in a company traded on First North is usually riskier than in a company in a regulated market. All companies whose shares are traded on First North have a certified advisor that oversees the company's compliance with First North's regulatory framework for providing information to the market and investors.
Avanza Bank, a member of and having an agreement with NASDAQ OMX Stockholm AB, is a certified consultant for myFC. A certified adviser reviews companies whose shares are admitted to trading on First North. NASDAQ OMX Stockholm AB approves an application for admission to such trade. NASDAQ OMX Stockholm AB's surveillance function is responsible for ensuring that both companies and certified advisors comply with the regulations on First North. Surveillance also monitors trade on First North. Avanza Bank, myFC Certified Adviser, does not own any myFC shares.