Channel Islands Securities Exchange
| Type | Securities exchange |
|---|---|
| Location | St. Peter Port, Channel Islands |
| Founded | December 2013 |
| Owner | The Channel Islands Securities Exchange Limited |
| Key people |
Jon Moulton, Chairman Stephen Lansdown, Deputy Chairman |
| Currency | GBP |
| No. of listings | 2,000 |
| Website | CISE |
The Channel Islands Securities Exchange (CISE) is a stock exchange headquartered in St. Peter Port, Guernsey.[1] The CISE provides a responsive and innovative listing facility for international companies to raise capital from investors based around the globe. It offers a regulated marketplace, with globally recognisable clients and a growing product range, from a location within the European time zone but outside the EU.
Licensing
The CISE is the trading name of The Channel Islands Securities Exchange Limited. It wholly owns The Channel Islands Securities Exchange Authority Limited which is licensed to operate an investment exchange under The Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended, by the Guernsey Financial Services Commission.[2]
History
It was launched on 20 December 2013 when the Royal Court of Guernsey approved an arrangement for it to acquire the business of the Channel Islands Stock Exchange.[3]
An office was opened in Jersey in February 2015.[4]
In June 2016 the CISE listed its own shares on its own exchange. The Channel Islands Securities Exchange Authority Limited 2,461,000 ordinary shares have a limited market at present.[5]
Listings
The exchange lists a wide range of securities:
- Primary and secondary listings of securities issued by Guernsey, Jersey and overseas trading companies
- Investment vehicles, including open and closed ended funds and Real Estate Investment Trusts (REITs)
- Specialist debt securities for sophisticated investors, including the use of Special Purpose Vehicles (SPVs) and the Quoted Eurobond Exemption for convertible bonds, intra-group financing, structured products and warrants
- There are specific rules for equities and corporate debt securities issued by extractive industries
- Special Purpose Acquisition Companies (SPACs) were introduced in November 2015[6]
As on June 2016 there were over 2,000 listings with a total market capitalisation in excess of £300 billion.[7]
International Recognition
Recognition of the CISE:[8]
- On 20 December 2013, HMRC deemed the Exchange a Recognised Stock Exchange under Section 1005 of the Income Tax Act 2007.
- In December 2013, the Exchange was approved as an Affiliate Member of the International Organization of Securities Commissions IOSCO.
- In December 2013 the Exchange was officially recognised by the Australian Securities Exchange ASX.
- In March 2015, the Exchange became an Affiliate Member of the World Federation of Exchanges WFE.
References
- ↑ Expat Money. "Channel Islands Stock Exchange rebranded and relaunched". Telegraph. Retrieved 2014-01-29.
- ↑ "Search on for new CEO for re-launched Guernsey securities exchange". International Adviser. 2014-02-27. Retrieved 2014-03-12.
- ↑ "BBC News - Channel Islands Stock Exchange relaunches under new name". Bbc.co.uk. 2013-12-27. Retrieved 2014-01-29.
- ↑ "CISE opens Jersey office". blglobal.co.uk. Retrieved 2015-12-17.
- ↑ "'Significant milestone' as CISE lists on own exchange". Guernsey Press. 24 June 2016.
- ↑ "Channel Islands Securities Exchange - CISE introduces the SPAC as a new product". www.cisx.com. Retrieved 2015-12-17.
- ↑ "About the CISE". CISE.
- ↑ "International Recognition". Retrieved 12 November 2015.
External links
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