Why are Nomads so important to AIM?
The outstanding success of AIM since its launch in 1995 is largely due to the dedication and professionalism of Nomads, making them integral to the market. Each company applying to AIM must appoint and retain a Nomad to guide it through the admission process and its subsequent life as a public company.
The London Stock Exchange sets strict criteria for becoming an AIM Nomad, in order to safeguard the integrity of the market, and to ensure that existing and prospective AIM companies have access to the high-quality advice they deserve.
How do I become a Nomad?
In order to become a Nomad, a firm must meet the eligibility criteria as set out in the AIM Rules for Nominated Advisers and complete the relevant application forms. The application is then reviewed by the Exchange's AIM Regulation team, who will usually discuss it in detail with the firm. Before formal approval as Nomad and addition to the Nomad register, the firm and its proposed qualified executives will also be subject to a gazetting period.
AIM Rules for Nominated Advisers (file pdf - 440 KB)
Nominated Adviser application form (NA1) (file doc - 618 KB)
Nominated Adviser application form (NA2) (file doc - 575 KB)