A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
On 4 July 2018, the LSE published AIM Notice 52, which confirmed changes to the AIM Rules for Nominated Advisors, following a consultation launched on 26 April 2018
On 4 July 2018, the LSE published AIM Notice 52, which confirmed
changes to the AIM Rules for Nominated Advisors, following a
consultation launched on 26 April 2018, and previously covered in
the April 2018 edition of this newsletter. The notice confirmed
that responses to the consultation were supportive of the proposed
changes.
The LSE has largely implemented all changes proposed, except
that:
New criteria for seeking approval as a Nomad have been amended
to remove the proposed requirement requiring the entity to provide
evidence of adequate risk management systems. It was noted that
this requirement is already included as part of a Nomad's
obligations pursuant to Rule 23.
Examples of changes which a Nomad must inform the LSE's AIM
Regulation arm has been amended to remove the commencement of an
investigation by a regulatory body or law enforcement authority
relating to the conduct of Nomad's employees.
AIM Notice 52 also included guidance that it intends to include
on the revised form NA1.
The changes took effect on 30 July 2018. AIM Notice 52 can be
found here:
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
