What is a requirement for a company's admission to AIM regarding its appointed advisor?

For a company seeking admission to the Alternative Investment Market (AIM), one of the fundamental requirements is the appointment of a nominated advisor (NOMAD). The NOMAD plays a crucial role in guiding the company through the admission process and ensuring compliance with AIM regulations. This advisor is responsible for providing advice on corporate governance, regulatory requirements, and the overall strategy of the company in relation to its listing on AIM.

The presence of a NOMAD is essential because they have the necessary expertise and understanding of the market, which helps to maintain standards and protect investors. By appointing a NOMAD, a company also signals its commitment to adhering to the specific rules and best practices of AIM, making the appointment a vital component of the admission process. The other options do not align with the requirements set forth by AIM, as they involve different roles or stipulations that are not mandated for admission.