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 Nominated 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 Adviser are
available from the NSX website. The application fee is $2,750 and
the annual fee is $1,100 (incl 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
NSX Nominated Adviser Badge
Only
available for use by registered NSX Nominated Advisers.
The NSX Nominated Adviser badge is a modern image for Nominated
Advisers to advertise that they perform required Nominated Adviser
services for Listed Companies and Issuers.
The badge is available to be incorporated into various Nominated
Adviser communications such as:
 Annual
and Half Yearly Reports |
|
All
investor communications |
|
Newsletters
and marketing materials |
|
Website
and Email signatures |
|
Newspaper,
web and other media communications |
|
Product
brochures, packaging, letter head. |
To get your copy please go to the
NSX Badge page.
