Advisers
help Issuers to list on the NSX
To list on the NSX it is required that a Nominated Adviser is
appointed to assist the issuer with the admission procedure and
compliance with ongoing obligations under the NSX Rules. This sections
explains in detail the role of the advisers and other steps to be taken
in order to list securities on the NSX.
Eligibility
The appointed adviser can only be a registered NSX adviser. Eligible
organisations are stockbrokers, banker, lawyers, accountants or other
professionals experienced in corporate finance.
Their Role
The nominated advisers role is to help the issuer’s board with the
application process by ensuring that the directors have been guided and
advised on their responsibilities and obligations under the NSX rules.
The nominated adviser also will explain the NSX rules to the board
although specialist may be needed to cover areas of the rules that fall
outside of the adviser’s range of expertise.
Because the directors are responsible for compliance with the NSX’s
rules, it is essential that they are confident that they understand
their responsibilities and have taken the steps required to ensure the
information in the application for listing is complete and correct. At
the time of admission, the nominated adviser will confirm to the NSX
that the issuer has complied with the relevant rules.
Once the securities are admitted to the market, the nominated adviser
needs to be available at all times to guide and advise the issuer and
provide further assistance as needed.
How to become a nominated Adviser
Details of how to apply to become an NSX registered nominated are
available from the NSX website. The application fee is $2,500 and the
annual fee is $1,000 (excl GST).
How long is a nominated adviser required?
Issuers are required, under the NSX rules, to retain the services of
a nominated adviser at all times. To guard against the possible
resignation of an adviser it is recommended that you agree to a notice
period at the time of appointment to provide sufficient time to engage
another adviser.
How to register as an adviser
For more information about nominated advisers please refer to the
adviser registration page.
Current list of Advisers
Click for for a current list
NSX Advisor Badge
Registered NSX Nominated Advisors are able to display the NSX
Nominated Advisor Badge. To get your copy please go to the
NSX Badge page.
National Stock Exchange of Australia®