Unit 5A Sharp AIM

1、Unit 5 A Sharp AIMKey Points:1. The Alternative Investment Market (AIM) is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the Main Market. The AIM was launched in 1995 and has raised almost £24 b

2、illion for more than 2,200 companies. Flexibility is provided by less regulation and no requirements for capitalisation or number of shares issued. Some companies have since moved on to join the Main Market, although in the last few years, significantly more companies transferred from the Main Marke

3、t to the AIM (The AIM has significant tax advantages for investors, as well as less regulatory burden for the companies themselves). In 2005, 40 companies moved directly from the Main Market to the AIM, while only two companies moved from the AIM to the Main Market.Nominated Advisers (Nomads)Aside f

4、rom granting leeway in regards to regulatory compliance, the Exchange also mandates continuous oversight and advice by the issuer's underwriter, referred to as a Nominated Adviser (Nomad). The role of Nomads is central to AIMs regulatory model, as these entities play the role of gatekeepers, adv

5、isers and regulators of AIM companies. In advising each firm as to which rules should be complied with and the manner in which existing requirements should be met, Nomads provide the essential service of allowing firms to abide by tailor-made regulation, reducing regulatory costs in the process. The

6、oretically, Nomads are liable for damages from tolerating misdemeanors on behalf of their supervised companies, including the loss of reputational capital. However, this heavy reliance on Nomads has been criticized as creating a conflict of interest, since Nomads receive fees from the companies they

7、 purportedly supervise while, in practice, managing to avoid liability for market misconduct.2. growth spurt (=when a child suddenly grows quickly)3. beef something up phrasal verbto improve something or make it more interesting, more important etc: a beefed-up news storyWe need to beef the campaign

8、 up.4. cater to sb/sth phrasal verb to try to satisfy a need, especially one which is not popular or not generally acceptable This legislation simply caters to racism.5. well-documentedif something is well-documented, people have written a lot about it and so the facts about it are clear: His life i

9、s remarkably well-documented.These are all well-documented facts.6. turnover noun (BUSINESS) C or U the amount of business that a company does in a period of time Large supermarkets have high turnovers (= their goods sell very quickly).The business has an annual turnover of £50 000.7. dip into

10、something phrasal verb1 to read short parts of a book, magazine etc, but not the whole thing: It's the kind of book you can dip into now and again.2 to use some of an amount of money that you have: Medical bills forced her to dip into her savings.Parents are being asked to dip into their pockets

11、 for new school books (=use their own money to pay for them).3 to put your hand into a bag or box in order to take out one of the things inside: On her lap was a bag of candy which she kept dipping into.8.pool countable a group of people who are available to work or to do an activity when they are n

12、eeded pool of a pool of talented applicants to choose fromThe region has a large and talented labour pool.car pool , carpool countablea group of people who agree to travel together to work, school etc in one car and share the cost9. in/into a (flat) spinif you are in a spin, you are very confused an

13、d anxious: The sudden fall on the stock-market sent brokers into a spin.10. capitalization noun (MONEY) (UK usually capitalisation) S or U the total value of a company's shares on a stock exchange 11. outsource verb If a company outsources, it pays to have part of its work done by another compan

14、y Unions are fighting a plan by universities to outsource all non-academic services.Some companies outsource to cheaper locations to cut costs.Outsourcing noun The management guaranteed that outsourcing wouldn't mean job losses.12. conflict of interest/interestsa situation in which you cannot do

15、 your job fairly because you will be affected by the decision you make: There is a growing conflict of interest between her position as a politician and her business activities.13. track record singularall of a person's or organization's past achievements, successes, or failures, which show

16、how well they have done something in the past and how well they are likely to do in the future track record in We're looking for someone with a proven track record in selling advertising.track record of The fund has a good track record of investing in the equity market.14. warrant2 transitive to

17、 need or deserve: This tiny crowd does not warrant such a large police presence.warrant attention/consideration etc Another area that warrants attention is that of funding for universities.15. Ernst & Young安永(or "EY") is one of the largest professional services firms in the world and one of the Big Four auditors, along with PricewaterhouseCoopers (PwC), 普华永道 Deloitte Touche Tohmatsu (Deloitte) 德勤and KPMG毕马威会计师事务所. According to Forbes magazine, as of 2008