The CSX is a well established and internationally recognized stock exchange located in one of the world’s largest financial services centers. It is one of the leading offshore exchanges for the listing of structured debt offerings, which represent nearly one-quarter of its approximately 1,300 listings.
The CSX is a well established and internationally recognized stock exchange located in one of the world’s largest financial services centers. It specializes in the listing of hedge funds and other mutual funds with over 900 current fund listings.
Seven procedural steps for listing structured debt securities in the Cayman Islands.
This article contains seven procedural steps for listing a fund in the Cayman Islands.
On March 4th 2004 the Board of the UK Inland Revenue granted the Cayman Islands Stock Exchange (CSX) status as a "recognised stock exchange" under Section 841 of the Income and Corporation Taxes Act 1988.
The Cayman Islands Stock Exchange is much more than a mere ‘listing machine’ and is an integral part of the Cayman Islands success story. Its hi-tech low cost professional approach has seen impressive year on year growth since its beginnings in 1997. The initial surge of interest has yet to die down. With its current listings standing at over 1200 (January 2007), it has posted an impressive annual growth rate of over 20 per cent.
The genesis for the Cayman Islands Stock Exchange (‘CSX’) was the Cayman Islands’ strength in the mutual fund and structured finance sectors. In fact, with over 8,000 mutual funds and 155 mutual funds administrators, the Cayman Islands dominate the offshore mutual fund industry.