New AIM Rulebook for Nomads
|
20 February 2007
The London Stock Exchange has today announced a number of regulatory changes for AIM. The changes follow an earlier consultation with market participants and include the introduction of a new publication “The AIM Rules for Nominated Advisers”, and an enhanced disclosure regime for AIM companies.
The “AIM Rules for Nominated Advisers (Nomads)” is introduced in addition to the existing “AIM Rules for Companies” and codifies the role and responsibilities of Nomads based on existing market best practice. The new rulebook provides examples of the types of activities the Exchange expects Nomads to undertake in order to confirm to the Exchange that a company is appropriate for AIM, and ensure it is able to comply with the AIM Rules on an ongoing basis.
In addition, the Exchange in introducing enhanced disclosure requirements for AIM companies, including mandating all AIM companies to maintain a website and to display core management and financial information, including admission documents, on it.
Please see the following documents for further information:
|