The Channel Islands Securities Exchange Authority Limited ("CISE") began its operations in December 2013 replacing the Channel Islands Stock Exchange ("CISX"). It is based in St Peter Port, Guernsey and provides a listing facility and bespoke trading platform. It is within an OECD jurisdiction and in the European time zone. The CISE's mission is to be the premier offshore stock exchange in the European time zone and the exchange of choice for the listing of investment funds, debt instruments and the shares of companies.
The CISE has concentrated on the following core products:
- specialist securities, including Eurobonds, structured debt and warrants;
- investment funds;
- primary and secondary listings of securities and shares issued by Channel Islands and overseas companies; and
- Channel Islands Depository Receipts.
In due course the CISE plans to expand its products and services to include, for example, the listing and trading of products such as insurance-related instruments. Since the CISE commenced operations, initially as CISX, it has grown rapidly with more than 5,300 listings having been approved, of which over 45 per cent are specialist debt securities.
The CISE offers a personalised approach and fast track processing of listing applications within a highly regulated and innovative marketplace.
The CISE provides high visibility for its listed securities and sponsors through its website http://www.cisx.com This .service is in addition to the market data and price quotations distributed world-wide through the CISE's Market Data Management Services ("MDMS") background information pages.
With the implementation in EU member states in 2005 of the EU Prospectus and Marketing Abuse Directives there has been increased interest in the listing of securities on the CISE. The Channel Islands are not within the EU and so the CISE is not a regulated market for the purpose of those Directives, which do not apply by reason only of a listing on the CISE.
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