RE: BSI28 Oct 2016 18:28
Regarding AIM regulations, they are, with the best will in the world, useless - but please keep at them.
A reply from one of 3 emails I sent them is copied below (all 3 queries were answered in the same text give or take a couple of words)
They seemed to only answer on a Wednesday, no other day. I assume that was the day that the cleaner was in, and replied on their behalf after her weekly hoovering of the cupboard where the AIM complaints landed.
Being unable to respond to individual complaints is a joke - a basic we have telephoned, emailed Mr/Mrs or whatever would suffice.
A regulator not only has to be regulating the industry but also be seen to be regulating the industry.
This lot don't.
But as I said, keep at them. We can't let them off with a "nobody told me!!" defence
"Thank you for your e-mail of 16 September 2016, copied below, and your further email of 20 September 2016 regarding Xcite Energy Limited.
As you may already know, AIM Regulation is the department within London Stock Exchange that is responsible for the regulation of AIM. We can assure you that AIM Regulation investigates all enquiries made as regards the conduct of AIM Companies and Nominated Advisers in respect of their compliance with the AIM Rules for Companies ("AIM Rules") and for Nominated Advisers ("Nomad Rules") and takes action where appropriate. Please note that AIM Regulation's remit does not extend beyond the AIM Rules and Nomad Rules. Further information regarding the remit of AIM Regulation and that of other regulators and competent authorities can be found at the following: xxx
As indicated, we can assure you that we investigate all enquiries which relate to the AIM Rules. However, you will appreciate that confidentiality is essential in maintaining the integrity of our work and, accordingly, please note that we are unable to comment on individual enquiries"