AIM Rules - Introduction

Overview

This one-day course describes the structure function and regulatory status of AIM and explains the detailed rules with regards to flotation, advisers and continuing obligations and relates these rules to the ‘bigger picture’ of FSMA 2000 and the European Prospectus, Market Abuse and Transparency Directives. No prior experience of the subject is required.

Who is this for?

This course will be of benefit to managers in, and advisors to, AIM companies, or to anyone involved in advising smaller companies on raising finance on the capital markets.

What will you learn?

• General Overview
  • Introduction: Outline of stages for a flotation and roles of the parties
  • Considerations for new issuers: Main market versus AIM, advantages and disadvantages of flotation and tax treatment of AIM companies
  • Role of the FCA and Stock Exchange
• Status of AIM
  • Brief history and background on AIM
  • The regulatory framework: FSMA 2000 provisions and the Prospectus Directive
  • Role, regulatory status and structure of the London Stock Exchange and AIM
  • Latest market developments

• Criteria for admission
• The role of the Nominated Advisor (Nomad)
• The role of the broker
• Admission prospectus. Admission Document; requirement and content and submissions to the Exchange
• Continuing obligations for issuers: Disclosures, transactions and corporate governance
• Supervision and discipline
• The Nomad Rules
• Criteria and standards
• Engagement responsibilities
• Admission responsibilities
• Continuing responsibilities

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