BusinessCompany NewsNew AIM rules target below par nomads

New AIM rules target below par nomads

Underperforming nominated advisers will find themselves weeded out under the new rule book for the advisers, the chairman of the AIM advisory group has said

The new guide sets in stone a requirement that site visits would have to be
made by advisers to assess the operations of non-UK companies, Adam Hart of KBC
Peel Hunt said. ‘I hope it weeds out some of the weaker nomads, but it also
gives them a chance to reach the quality levels that are expected in the AIM
market.’

Hart maintained that the rule book simply codified what was already in
existence: ‘This is not a change as far as we’re concerned,’ said Hart.

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