Other advisers

Liquidity providers

Every listed company must secure a liquidity provider – a market participant (securities firm) that works to ensure orderly trading of the listed company’s securities on the Exchange. The J-Nomad will help the listed company secure such a provider, often taking on that role itself.

Legal advisers

Legal advisers are steadily gaining presence within existing Japanese equity markets, and we anticipate that they will also assume a crucial role within TOKYO AIM, particularly as they assist in due diligence at the time of listing and around corporate transactions undertaken by TOKYO AIM companies.

Legal advisers play a vital role on AIM in the UK, where they provide a range of services including:

Handling negotiations
Supporting Nomads in their due diligence investigations
Assisting client companies with the preparation of listing

Accountants

Accountants conduct audits of listing applicants and listed companies to ensure they are in accordance with acceptable accounting standards. TOKYO AIM accepts financial statements prepared in accordance with IFRS, Japanese GAAP or US GAAP. At the time of listing, accountants will work together with the J-Nomad and listing applicant.

Accountants play a similarly important role on AIM in the UK, where, in addition to the above, they also provide guidance and advice on financial and accounting matters to companies before and after listing.

Other professionals

TOKYO AIM requires that listed companies work to facilitate the release of analyst reports on a regular basis. IR companies, PR firms, and investment information providers will all come to play innovative roles within the TOKYO AIM framework to help companies increase their public profiles, as witnessed with AIM in the UK.