Time to consider CISE in the light of EU reforms?

Thursday 30 June 2016

A new regime on EU market abuse that comes into effect next month could lead to fresh consideration of the benefits of listing on the Channel Islands Stock Exchange, according to a Jersey-based lawyer.

Ogier senior associate Michael Evans says that the international reputation and pragmatic approach of the CISE means that it is likely to be reconsidered as an option, in light of the reforms which affect stock exchanges in EU member states.

Ogier is the market leader in providing listing sponsor services for the listing of debt securities on the CISE.

Mr Evans said: “The rules and continuing obligations regime applicable to debt securities listings on the CISEA under Chapter 8 are relatively limited and straightforward in comparison to the continuing obligations regimes on many EU-based exchanges and, most notably, do not currently contain any of the ongoing administrative burdens imposed under the Market Abuse Regime.”