Rules and regulations

TOKYO AIM’s regulatory framework includes the following key elements:

Offers a flexible regulatory framework specifically designed for growing companies, which is based on that of the AIM market.
Adopts the Nominated Adviser (Nomad) system, which underpins the AIM model. Japanese Nominated Advisers (J-Nomads) are corporate finance advisers approved by TOKYO AIM. They are required to assess the suitability of companies for listing and guide them on their continuing obligations as public companies on TOKYO AIM.
Accepts disclosure documents in English and/or Japanese and can be submitted according to IFRS, US GAAP, Japanese GAAP or equivalent standards, considerably increasing the accessibility and global appeal of the market.
Professional investors, or specified investors, and non-Japan residents can trade directly on TOKYO AIM. Individual investors can participate on TOKYO AIM indirectly through products such as investment trusts or mutual funds.
Listed firms will be outside the J-SOX regulations for internal controls and quarterly financial reporting, decreasing the administrative requirements on companies.

The TOKYO AIM Listing Framework

For more detail on TOKYO AIM regulations please see the document library.