The role of the NOMAD in the Cyprus Emerging Companies Markets

Nominated Advisor (NOMAD) is a law firm or a financial institution or a Cyprus Investment Firm (CIF) or an audit firm or another legal entity appointed by the Council of the Cyprus Stock Exchange as a Nominated Advisor for the Emerging Companies Market of the Cyprus Stock Exchange which manages and promotes the listing of securities on the Emerging Companies Market and whose name is entered in a special list of Nominated Advisors published by the Cyprus Stock Exchange.

The major role of the NOMAD is to ensure that the issuer/company is appropriate to be quoted on the Emerging Companies Markets (ECM) and to assure that the rules and regulations are complied with on flotation. The NOMAD must be retained at all terms to consult the issuer/company. A short sum up, the NOMAD represent the issuer through the listing procedure and provide advice to the issuer in respect of the compliance of the continuous obligations in the market.

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Listing your company in the Cypriot ECM can offer major benefits as it can be associated with being part of such an efficient run market, as well as the general advantages of being listed, such as marketability and credibility. There is an additional advantage for companies with international interest; (depending on the jurisdiction) they can be safeguarded from the application of CFC rules.

LLPO Law firm is CSE approved NOMAD since 2009. It has a actively reputation for its experience in listing companies in the Cyprus Stock Exchange Market. LLPO’s NOMAD role include:

• Nominated Advisory services
• Preparation of the admission document    
• Preparation of the information memorandum
• Ensuring compliance with ECM rules and regulations
• Subsequent to admission, we will continue to advise the company on its ongoing obligations as a listed company

For more information on this subject please contact Mr. Michael Ioannides - Partner LLPO Law Firm Cyprus