Being approved by the Exchange as a Nomad demonstrates that you have fulfilled the strict requirements set by the London Stock Exchange as part of its Nomad approval process. As a Nomad, you will have significant responsibilities. It is also a high-profile and rewarding role, since AIM enjoys a high level of interest both among the media and investors.
What are the eligibility criteria to become a Nomad?
As the nomad plays such an important role in bringing companies to AIM and then in advising them on their obligations and opportunities as a quoted company, the Exchange applies strict requirements which applicants must meet.
The Nomad criteria are set out in detail in our AIM Rules for Nominated Advisers which supplements the AIM Rules for Companies.
The first part of this document describes the criteria for approval as a Nomad including the qualifications required and details of the application process.
The second part sets out the ongoing responsibilities of a Nomad.
The third part sets out the review and discipline of a Nomad.
A potential Nomad should read this document carefully in order to ensure that it is able to satisfy the qualifications for approval and other criteria set out in this document.
What are the minimum criteria for approval as a Nomad?
In summary an applicant seeking approval as a Nominated Adviser must:
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be a firm or company (individuals are not eligible), |
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have practised corporate finance for at least the last two years, |
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have acted on at least three relevant transactions during that two-year period, |
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and employ at least four "qualified executives". | |
We strongly advise you to consult the full AIM Rules for Nominated Advisers before taking any decision on whether to apply.
Nomad applications forms
Click here to download Nominated adviser application form (NA1).
This form contains information on what should be included in an application and it should be completed on behalf of the company or partnership that wishes to become a Nomad.
Click here to download the Nominated adviser qualified executive form (NA2).
This form should be completed by all staff employed by the Nomad who will be involved in Nomad activities in an executive capacity. The eligibility criteria for Nomads require that a minimum of four members of the executive staff must be approved at any time, therefore a minimum of four NA2's will need to be submitted by the prospective Nomad at the time of its original application, and additional forms will subsequently be needed for further individuals to seek approval.
The form NA1 plus at least four forms NA2 should be submitted to the AIM Regulation team with supporting documentations in accordance with the instructions and as set out in the NA1 form.
Details of the fees payable are set out in the AIM Fees for companies and Nominated Advisers which can be download here.