AIM Compliance

Working in a corporate law firm I noticed that little attention was initially paid to AIM Rule 26. It was widely perceived as an afterthought - something that the NOMAD could do. It was just never really discussed.

Then the AIM Team started issuing warnings to the advisers. All of a sudden website compliance was a big deal. NOMADs and Lawyers all had to do something to comply with this previously overlooked rule. Yet it still seemed that no one was quite sure who was responsible. Companies looked to the NOMADs who in turn looked to the lawyers. Unfortunately, nothing much has changed since and compliance remains at a distressingly low level.

There are innumerable AIM listed companies which still don't have even the most fundamental info available on their website. I am sure that it is only a matter of time until someone is hit with a hefty fine. This is why it is so important that someone takes responsibility for this process and ensures that the websites have everything they need. It will save a lot of pain and money in the long run....