Explain the role of "Nomads".

CS Professional · Corporate Funding & Listings in Stock Exchanges · PYQS · December 2019
Explain the role of "Nomads".

Answer & Explanation:

The Nominated Adviser (Nomads) are corporate finance advisers approved by the London Stock Exchange to act in this capacity. To obtain approval as Nomad, a firm must meet the eligibility criteria set out in the AIM Rules for Nominated Advisers. 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. To help fulfil this role, the Nomad will: undertake extensive due diligence to ensure a company is suitable for AIM. provide guidance throughout the flotation process. prepare the company for being on a public market. help prepare the AIM admission document. confirm appropriateness of the company to the Exchange. act as the primary regulator throughout a company's time on AIM.

Topics: Listing Process

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