BusinessCompany NewsNomads’ rule-book set for release

Nomads' rule-book set for release

AIM's nominated advisers targeted by their London Stock Exchange overseers in an attempt to beef-up requirements for the market that is famed for its flexibility

 London
Stock Exchange
watchdogs are preparing to release the eagerly-awaited AIM
rule book which is expected to hold the market’s nominated advisers to a tougher
raft of regulations.  

The move has been made in a bid to ensure greater accountability in the
junior exchange with the release of the prescribed list of rules for the
market. Nomads will now be under greater pressure to ensure that comprehensive
due dilligence is carried out as part of the requirements.  

Other demands include strict background checks on executive board members and
fact-finding missions to HQ’s of overseas companies,
The Times
reported. At present AIM has no defined rule book, preferring to rely on the
nomads to maintain standards.  

The bulk of nomads have backed the initiative, arguing that these are
safeguards that are automatically undertaken by advisers discharging their
duties adequately, the only difference being that the rule book avoids any
potential grey areas by setting out the demands on paper.  

Further reading:

Aim targets nominated advisers 

Advisers get ready for policy shift as LSE
tightens regulation

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

2d Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

4m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

4m Alia Shoaib, Reporter
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

8m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

8m Emma Smith, Managing Editor
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

7m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

7m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

7m Emma Smith, Managing Editor