A nominated adviser (NOMAD) is a firm or company which has been approved by the
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
(LSE) as a nominated adviser for the
Alternative Investment Market
AIM (formerly the Alternative Investment Market) is a sub-market of the London Stock Exchange that was launched on 19 June 1995 as a replacement to the previous Unlisted Securities Market (USM) that had been in operation since 1980. It allows ...
(AIM) and whose name has been placed on the register of nominated advisers published by the London Stock Exchange.
The NOMAD project manages the admission of new issues to AIM and also acts as the effective
regulator. Typically the NOMAD is a firm of
investment banker
Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with ...
s with experience of bringing companies to the market.
The NOMAD performs this regulator role under licence from the LSE. This unique situation arises largely because the AIM is an exchange regulated market.
External links
AIM rules for Nominated Advisers
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Financial services