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ARTICLE · 09 OCTOBER 2006

Proposed Changes To The AIM Rules Effective Early 2007

CMS Cameron McKenna Nabarro Olswang
Explore more from CMS Cameron McKenna Nabarro Olswang

Under London Stock Exchange proposals announced on 2 October, from early next year a dedicated rulebook for Nominated Advisers (Nomads) will set out in more detail a Nomad’s responsibilities towards its client company and the Exchange both at the time of admission to AIM and on a continuing basis.

United KingdomFinance and Banking
Peter Smith
Peter Smith
Peter Bateman
Peter Bateman

Role of Nominated Adviser to be amplified; AIM companies to publish information on websites

Under London Stock Exchange proposals announced on 2 October, from early next year a dedicated rulebook for Nominated Advisers (Nomads) will set out in more detail a Nomad’s responsibilities towards its client company and the Exchange both at the time of admission to AIM and on a continuing basis. The responsibilities will be framed as general principles supported by non-exhaustive lists of specific tasks that a Nomad should "usually" perform in relation to matters such as assessing the suitability of a company for admission to AIM; due diligence on an applicant and its directors; preparation of the admission document; review of announcements; monitoring of trading; and changes to the board.

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