Who is a NOMAD in the context of listing of securities in London Stock Exchange ? Explain the role of NOMADS.

Answer 6(d) NOMADS or the Nominated Advisor, broker and other advisors play a central role in a company's admission to Alternate Investment Market (AIM). NOMADs are corporate finance advisers approved by the London Stock Exchange to act in this capacity. A NOMAD is responsible for advising and guiding a company on its responsibilities in relation to its admission to AIM as well as its continuing obligations once on market. Role of Nominated Advisors (NOMADS) NOMADS have to meet the eligibility criteria set out in the AIM rules for Nominated Advisers. The role of the NOMADs includes the following: undertakes extensive due diligence to ensure that the company is suitable for AIM provides the guidance throughout the floatation process help prepare the AIM admission document confirm appropriateness of the company to the exchange act as the primary regulator throughout the company's time on AIM.