QCA Response to the LSE’s Newly Published AIM Rules
The QCA warmly welcomes the new AIM Rules and the beginning of a new era for the UK’s leading growth market.
The London Stock Exchange has acted with a pace and ambition fitting for a market whose companies are agile, respond to opportunity quickly and who depend on efficient access to capital to fund their growth.
The final package announced today delivers many of the reforms that the QCA and our members have called for. We particularly welcome the streamlined admission process, the capital access window and the proportionate increases to substantial transaction thresholds. These are significant wins that will reduce friction and help small and mid-sized companies raise capital and scale.
We also recognise the move away from a mandatory comply-or-explain approach to corporate governance. The QCA Code has always promoted flexible, proportionate and principles-led governance that reflects the circumstances of individual growth companies.
With more than 90% of AIM companies currently choosing to apply it, we are confident that the QCA Code will remain the de facto investment-grade corporate governance framework for companies seeking to demonstrate quality, strengthen investor confidence and attract long-term institutional capital.
As AIM enters its next 30 years, these reforms provide an opportunity to create a faster, more flexible and more competitive market while preserving the trust and high standards on which successful public markets depend.
We look forward to continuing to work closely with the London Stock Exchange to ensure AIM remains the natural home for ambitious growth companies.
