Following our recent news releases concerning The Channel
Islands Stock Exchange, LBG ("CISX"),
the restructure of the CISX by way of a scheme of arrangement was
approved by the Royal Court of Guernsey on 20 December 2013.
All listed securities have been transferred to listing on the
official list of the new exchange named The Channel Islands
Securities Exchange Authority Limited (the "New
Exchange") and the issuers of such securities shall
be subject to the listing rules of the New Exchange together with
any other laws, rules, regulations or requirements applying to such
The following international recognitions and memberships have
been obtained by the New Exchange:
designation as a recognised stock exchange by HM Revenue &
Customs under section 1005 of the Income Tax Act 2007;
recognised stock exchange status by the Australian Securities
membership of the International Capital Markets Services
affiliate membership of IOSCO.
An application has been submitted to the US Securities &
Exchange Commission in respect of Designated Offshore Securities
Markets status and a response is anticipated shortly.
Bedell Channel Islands has become a sponsor and trading member
of the New Exchange and will continue to act as a sponsor for all
issuers for which it acted as such on the official list of
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