Supporting a streamlined rulebook and flexible, trusted governance for growth companies.
The health and vitality of AIM sits at the centre of our work. As the voice for the UK’s community of small and mid-sized quoted companies, we have formally submitted our response to the London Stock Exchange’s consultation on changes to the AIM Rules for Companies (AIM Notice 62).
We welcome the Exchange’s continued focus on ensuring that AIM remains a proportionate, effective, and attractive market for growth companies. Many of the proposed changes represent sensible and practical reforms that will reduce unnecessary friction for AIM companies while preserving appropriate standards of market discipline.
While we support the drive to remove excessive administrative focus from disclosures, we also want to ensure that any rule changes do not create unintended ambiguity. It is vital that the new framework maintains high market standards and upholds the key assurances that institutional backers rely on.
To reinforce our consultation response, we have submitted a joint letter to the London Stock Exchange alongside a representative group of small-cap institutional investors. This letter was driven by a shared conviction that long-term market vitality relies on maintaining investor trust. Our aim is to ensure that the evolution toward a more efficient market protects the stable governance benchmarks that draw institutional liquidity to UK growth companies.
Beyond governance and the practical implications of this consultation, our response also welcomes easements around the admission process, the introduction of a Capital Access Window, and sensible increases to substantial transaction thresholds.
