CLLS Company Law Committee response to LSE's consultation on AIM- July 2026

The City of London Law Society Company Law Committee and the Law Society responded to the LSE’s Consultation Paper – Proposed Amendments to the AIM Rules for Companies and AIM Disciplinary Procedures and Appeals Handbook – Shaping the future of AIM. 

The response broadly supports reforms aimed at reducing unnecessary burdens on AIM companies and improving the attractiveness of AIM, including changes to admission requirements, accounting standards, and second-line securities.

It welcomes greater flexibility for fundraisings, acquisitions, and international applicants, but asks the LSE to provide clearer guidance on issues such as capital access windows, reverse takeovers, related party rules and Nomad expectations.

The response also cautions that some proposals may create uncertainty or increase burdens, particularly around related party definitions, governance disclosures and analyst-style disclosure obligations.

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