London Stock Exchange amends AIM Rules for Nominated Advisers under AIM Notice 52

London Stock Exchange amends AIM Rules for Nominated Advisers under AIM Notice 52

LNB News 05/07/2018 51

Further to its consultation launched earlier this year in April (in AIM Notice 51), the London Stock Exchange (LSE) has published amended AIM Rules for Nominated Advisers (Nomad Rules). The Nomad Rules set out the eligibility requirements, ongoing obligations and certain disciplinary matters in relation to nominated advisers (Nomads). The revised rules will come into force on 30 July 2018.

The main changes proposed to the Nomad Rules by the LSE in AIM Notice 51 related to eligibility and continued eligibility of Nomad firms and clarifying the LSE’s supervisory powers (see London Stock Exchange consultation on changes to the AIM Rules for Nominated Advisers, LNB News 26/04/2018 76). The LSE is implementing the majority of the amendments as proposed.

The main rule changes being introduced are:

• an additional eligibility criteria for Nomads to provide evidence to the LSE about their res

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