AIM Regulation

Nominated advisers to AIM companies are subject to detailed and onerous regulatory scrutiny and sometimes investigation. By acting as an AIM company’s nominated adviser, a nomad in effect lends that company its own regulatory reputation. Depending on the effectiveness of the nominated adviser’s regulation of its AIM clients and on the conduct of the AIM company concerned, the nomad’s own reputation will rise and fall commensurately.

The regulatory queries raised of nominated advisers by members of the AIM Regulation and the AIM Investigation teams are increasing in their number, in their scope and in their complexity. The regulatory scrutiny of nominated advisers is therefore increasing on all fronts. The consequences for nominated advisers for breaches of the AIM Rules for Nominated Advisers are potentially very serious indeed.

Marriott Harrison has a team of four lawyers, two partners and two solicitors, headed by partner Simon Charles, a former Nominated Adviser and Main Market Sponsor, which comprises the firm’s AIM Regulatory Practice Group. Its members are Simon Charles, David Bennett, Nadiah Hajazi and Virginia Jones. Each member of the team is on hand to assist Nominated Advisers in their dealings with and submissions to the Stock Exchange on AIM regulatory matters.