Areti Charidemou & Associates LLC is a CSE – approved NOMAD

Nomad in Emerging Companies Market of the Cyprus Stock Exchange

A new market called the Emerging Companies Market (“ECM”) of the Cyprus Stock Exchange (“CSE”) benefits from a simplified regulatory regime specifically designed for small and emerging companies.  ECM is aimed at:

  • Private companies seeking funding and easy access to the secondary market
  • Investors seeking a new type of investment
  • Public companies reluctant to incur the higher costs of regulated markets.

When the decision to float has been taken, a critical appraisal of the company’s business is required, to identify whether it meets the ECM admission requirements, as follows:

  • General suitability – preparation and planning
  • Eligibility for admission
  • Continuing obligations and filing requirements

The Nominated Advisor (“NOMAD”) has a key role to perform, to ensure that

  • the company meets the requisite criteria for quotation on the Emerging Companies Market of the Cyprus Stock Exchange; and
  • the relevant rules are complied with on flotation.

A NOMAD must be retained at all times to advise the company and to ensure that it complies with the relevant ECM rules on an ongoing basis.

Our NOMAD role would include:

During the admission process
• facilitating the company’s admission to ECM
• appraising the appropriateness of the company for listing to the CSE
• ensuring compliance with the ECM rules
• preparing the admission document; and
• project management of the overall process leading to a listing

Post admission
• We would continue to act as NOMAD following admission, advising you on your ongoing obligations as a listed company
• assisting with comfort letters and related procedures
• risk management advice; and
• market practice input.

We also offer the following services to financial entities supervised by the Central Bank of Cyprus, Cyprus Securities and Exchange Commission or other regulatory authorities in the EU and major third countries:

  • Set-up and Licensing / Authorization of regulated entities (Banks, Brokerage firms, Forex companies, Asset Management houses,  Investment funds, Payment institutions, Electronic money institutions)
  • Regulatory Compliance Advisory
  • Control Functions Outsourcing (Risk Manager, Compliance Officer, Internal Auditor)
  • Risk Measurement and Management Consulting
  • AML (Anti Money Laundering ) Support and Consulting
  • Capital Adequacy – Calculation of Risk Weighted Assets and Regulatory Capital, and Reporting to Regulatory Authorities
  • Stress Testing
  • Professional Education & Training