RE: Unbelievable Jeff!!1 Dec 2021 19:29
Had to google it.
What are the two markets?
The London Stock Exchange operates two principal markets in the UK: the Main Market and the AIM market. The Main Market is made up of ‘premium’ and ‘standard’ listing regimes. A premium listing is typically used by large firms looking to benefit from an increased profile and highly liquid market. Indeed, it is only with a premium listing that a company can be eligible for inclusion in the FTSE indexes. To maintain a premium listing, companies must meet the UK’s highest standards of regulation and corporate governance and pay significant costs.
For those who are uninterested or unlikely to benefit from the liquidity and exposure of a premium listing, a standard listing is more likely to be of interest. For a standard listing, firms only have to comply with minimum EU requirements and pay lower fees. It is the standard listing regime that we will be focusing on here. The alternative investment market, or AIM, is the LSE’s exchange for smaller and growing organisations. It has a simplified regulatory environment designed for the needs of small and emerging companies.
What are the differences?
Financial regulation is highly complex and there are hundreds of technical, intricate differences between a standard listing on the Main Market and a listing on the AIM market.
To transfer to the Main Market, an AIM company must:
1. be eligible for listing on the Official List.
2. be eligible to be admitted to the Main Market.
3. produce a prospectus that has been vetted and approved by the FCA.
4. if seeking a premium listing, appoint a sponsor, and.
5. cancel its admission to AIM.