THE ALTERNATIVE INVESTMENT MARKET: THE REGULATORY ISSUES

Abstract

The Alternative Investment Market was launched by the London Stock Exchange with much publicity in June 1995. It is a market created for smaller and growing companies, with fewer entry requirements and continuing obligations than for companies joining the Official List of the London Stock Exchange. This paper looks at the apparently conflicting goals of lower regulation and shareholder protection which are relevant when considering the new market before discussing the principal AIM regulations and some practical implications arising from the application of those regulations.

Citation

STEADMAN, T. (1996), "THE ALTERNATIVE INVESTMENT MARKET: THE REGULATORY ISSUES", Journal of Financial Regulation and Compliance, Vol. 4 No. 2, pp. 125-133. https://doi.org/10.1108/eb024874