We welcome the publication of the draft AIM Rules and the subsequent consultation. It is clear that careful thought has been given to creating a simpler rulebook so that growth companies can thrive.
The QCA Code is built around the flexibility and proportionality that the proposed changes seek to reflect, championing a flexible approach to governance that is not ‘one size fits all’. Our concern is that without further amendment to, or guidance clarifying, AIM Rule 26, there is a risk that what should be seen as a positive step for AIM companies and their governance obligations could instead lead to a loss of confidence among investors, who are an essential part of the market ecosystem
We hope that further consultation results in a refined set of rules and guidance that removes the potential ambiguity in the current draft and achieves a simpler, proportionate rulebook for AIM.
