Jurisdiction(s):
United Kingdom
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Key definition
Nominated adviser definition

What does Nominated adviser mean? A nominated adviser is the corporate finance firm that an aim company relies on for admission to, and ongoing compliance with, the aim market’s rules. Commonly called a nomad, it is a London Stock Exchange (LSE)–approved adviser listed on the LSE’s public register. The concept is regulatory rather than statutory: it is defined and governed by the AIM Rules for Companies (notably Rule 1) and the AIM Rules for Nominated Advisers (the Nomad Rules), not by legislation or case law. Key functions include assessing an applicant’s suitability for AIM, overseeing due diligence, guiding the preparation of the admission...

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Director’s responsibility letter for placings, rights issues or open offers and admission to the LSE Main Market or AIM—prospectus responsibilities and liabilities (England and Wales)

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To: [ insert company's name ] (the Company), [ insert company's address ], and [ insert sponsor/Nominated adviser's name ] (the [ Sponsor OR Nomad ]), [ insert sponsor/nominated adviser's address ]

[ insert date ]

Dear [ insert text ]

Proposed [ placing OR rights issue OR Open offer ] (the [ Placing OR Rights Issue OR Open Offer ] of new Ordinary Shares of [ insert nominal value ] pence each in the capital of the Company (the Shares) and proposed application for the admission of the Shares to [ listing on the Official List of the Financial Conduct Authority (the FCA) and to trading on the main market for listed securities of the London Stock Exchange (Main Market) OR trading on AIM ] (the Admission)

  1. I, [ insert name and address of director or proposed director ], being a [ proposed ] director of the Company, acknowledge that, in relation to the [ Placing OR Rights Issue OR Open Offer ] and the Admission, it will be necessary to prepare a prospectus concerning the Company (the Prospectus), together with such other documents, application forms, circulars, supplementary prospectuses, advertisements, notices, resolutions or announcements as may be...
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Web page updated on 22/05/2026

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