Alternative Investment Market

(asked on 16th March 2015) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, with reference to the letter of 29 September 2014 sent to the Secretary of State for Business, Innovation and Skills by the hon. Member for Neath, relating to the regulation of the alternative investment market, if he will make an assessment of the merits of the arguments made in that letter on reforms to that market.


Answered by
Andrea Leadsom Portrait
Andrea Leadsom
Parliamentary Under-Secretary (Department of Health and Social Care)
This question was answered on 19th March 2015

The Alternative Investments Market (AIM) is owned and operated by the London Stock Exchange. Although under the EU Markets in Financial Instruments Directive AIM is not classified as a Regulated Market, this does not mean that it is not subject to any regulation. Indeed, under the Financial Services & Markets Act 2000, AIM falls within the definition of a Prescribed Market and is therefore subject to the requirements of the rigorous UK domestic market abuse regime. Furthermore, as a UK Recognised Investment Exchange, the London Stock Exchange is subject to the Recognition Requirements Regulations, which includes rules governing how AIM is operated.

Reticulating Splines