Becoming a Nomad

Approval as a Nomad demonstrates that a firm has fulfilled the strict eligibility requirements set by the London Stock Exchange. A Nomad is the primary regulator of an AIM company, making the role demanding yet rewarding.

Eligibility criteria to become and remain a Nomad

The eligibility criteria and application process for becoming a Nomad are detailed in the AIM Rules for Nominated Advisers. In summary, an applicant seeking approval as a Nomad must:

• be a firm or company, not an individual
• have practised corporate finance for at least the last two years
• have acted on at least three relevant transactions during that two year period, and
• employ at least four “qualified executives”

The AIM Rules for Nominated Advisers also detail the ongoing responsibilities of a Nomad and set out the review and disciplinary procedures.

A potential Nomad should read these Rules carefully in order to ensure that it is able to satisfy the qualifications for approval and other criteria included in this document.

Nomad application forms

Tthe Nominated Adviser application form (NA1) should be completed on behalf of the company or partnership that wishes to become a Nomad.

The Nominated Adviser qualified executive form (NA2) should be completed by all staff employed by the firm 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 NA2s will need to be submitted by the prospective Nomad at the time of its original application. Additional forms will subsequently be needed for further individuals seeking approval as qualified executives.

The NA1 form together with at least four NA2 forms should be submitted to the AIM Regulation team with supporting documentation in accordance with the instructions set out in the NA1 form.

Details of fees payable on application and on an ongoing basis can be found in the AIM Fees for Companies and Nominated Advisers document.

Downloads
AIM Rules for Nominated Advisers (file pdf - 1 MB)
Nominated Adviser application form NA1  (file doc - 618 KB)
Nominated Adviser application form NA2(file doc - 575 KB)
Nominated Adviser application form NA3  (file doc - 558 KB)
AIM fees for companies and nominated advisers 2010-2011 (file pdf - 210 KB)
AIM fees for companies and nominated advisors 2012-2013(file pdf - 160 KB)