How many qualified employees must a NOMAD employ at minimum?

A NOMAD, or a Nominated Adviser, must employ a minimum of four qualified employees who have expertise relevant to their responsibilities and the regulatory standards set by the relevant authorities, such as the London Stock Exchange for companies listed on AIM. This requirement ensures that there is a robust level of support and compliance for the companies they advise, reflecting the complexity and importance of ensuring regulatory compliance in financial markets.

Having this number of qualified staff enhances the capacity of a NOMAD to address the broad range of challenges that listed companies may face, covering areas such as corporate governance, regulatory obligations, and market conditions. Each qualified employee typically brings specific expertise that contributes to the overall advisory capacity of the organization, thus reinforcing the quality of guidance provided to clients.

In contrast, while having at least one expert in corporate finance can be beneficial, it does not meet the required staffing level as stipulated for a NOMAD. Similarly, saying that none are necessary undermines the role of a NOMAD in upholding market integrity and compliance standards. Therefore, the requirement for four qualified executives is a critical aspect of maintaining effective advisory services in line with regulatory frameworks.