A company admitted to trading on AIM (aim company) must comply with a number of rules called continuing obligations contained in the aim rules for Companies (AIM Rules) published by the London Stock Exchange plc (LSE). In addition, an AIM company should also be aware of the AIM Rules for Nominated Advisers setting out the responsibilities and obligations of the company’s nominated adviser and the AIM Disciplinary Procedures and Appeals Handbook.
There are other statutory rules and regulations which are relevant to an AIM company and these include the Companies Act 2006 (CA 2006), the Financial Services and Markets Act 2000 (FSMA 2000), the Financial Services Act 2012 (FSA 2012), the City Code on Takeovers and Mergers (Takeover Code), sections of the Disclosure Guidance and Transparency Rules (DTR) and the UK Market Abuse Regulation (Assimilated Regulation (EU) No 596/2014).
This Practice Note focuses on the continuing obligations of an AIM company incorporated in the UK under the AIM Rules and guidance on the AIM Rules published by the AIM Regulation team in Inside AIM. It also considers
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Jurisdiction(s):
United Kingdom
Key definition:
Continuing obligations definition
What does Continuing obligations mean?
The ongoing rules and requirements that a company must follow once admitted to listing on the Official List set out in Chapter 9 of the Listing Rules. Some of these continuing obligations derive from the Market Abuse Regulation and the Disclosure Guidance and Transparency Rules (DTR).
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