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New Regulations Proposed for AIM
The London Stock Exchange has revealed new proposals to tighten up the rulebook of its Alternative Investment Market (AIM), in what could be the biggest shake-up the market since its launch in 1995.
Renowned for its lighter regulatory framework, AIM has attracted many companies from around the world, but there has been concern of late about the quality of its companies, particularly as the number of foreign listings has increased.
The new proposals will require all AIM-listed companies to disclose more detailed information than previously required. They will also need to provide easily accessible historical and financial information on their websites - a measure that could have significant implications as nearly 10 per cent of existing AIM-listed companies do not have a company website....
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