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ARTICLE · 01 AUGUST 2018

LSE Consultation On Changes To AIM Rules For Nominated Advisers

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On 26 April 2018, the LSE published proposed changes to the AIM Rules for nominated advisers for consultation.

United KingdomFinance and Banking
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On 26 April 2018, the LSE published proposed changes to the AIM Rules for nominated advisers for consultation. The LSE has stated that it will continue to review its supervisory powers in order to promote consistency in standards across the market.

The proposed changes include:

  • Amending the eligibility criteria for nomads, e.g. the nomad must have appropriate financial and non-financial resources.
  • Increasing the notification obligations of nomads, e.g. notification must be made if the nomad is being investigated by a regulatory body for its conduct.
  • A new rule under which the LSE may take action with regard to the nomad's performance, e.g. placing restrictions on the services the nomad may provide.

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