Grace Pickering
Head of Listings - Channel Islands
Jersey
The International Stock Exchange (“TISE”) has announced the introduction of a new rulebook for the listing of Specialist Companies on their equity market, along with a revised schedule of fees and charges which will take effect from 11 November 2024.
The new rules are geared towards Specialist Companies, including Special Purpose Vehicle (“SPV”) holding companies and closely held Real Estate Investment Trusts (“REITs”), which are issuing equity securities intended to be held by qualified investors and with no expectation of trading or frequent transferring of the securities.
The new rules simplify the initial application and disclosure requirements, as well as the continuing obligation requirements for eligible companies and will provide more flexibility to companies engaged in specific activities, such as restructuring and closely held REITs.
Walkers Capital Markets Limited (''WCML'') Listing Sponsor Services
WCML is a Category 1 and 2 Listing Member, which means that we are able to act as a sponsor for all TISE listing purposes. We have a dedicated listings team with extensive experience in providing listing agent services in connection with listings on TISE. We offer a fast and efficient service competing on experience, service levels and price, and supported by several team members who have worked directly for TISE and other international exchanges. In case of unusual transactions, WCML can contact TISE at an early stage to seek informal and confidential guidance as to the eligibility of a proposed listing application.
If you have any questions about the new rules and how they will impact you, please contact a member of our listings team below who will be able to assist you.
