The International Stock Exchange (TISE) has been successful in its application to be recognised by the US regulator, US Securities and Exchange Commission (SEC) as a Designated Offshore Securities Market (DOSM).
The Securities Act prohibits the offer or sale of a security in the US unless it is registered with the SEC. However, there are some exemptions available, including Regulation S.
The DOSM recognition means that securities listed on TISE can avail of the Regulation S exemption which permits securities to be issued outside the US without the need for them to be registered with the SEC and without the seller having to undertake the onerous requirements to be able to form a reasonable belief that the buyer is outside the US.
This approval is a significant endorsement of the standards of governance by which TISE operates and adds further credibility to TISE as a leading international stock exchange. TISE is already recognised by the German regulator BaFin, the Australian Stock Exchange (ASX) and HMRC in the UK.
This great news comes after a record 865 new listings during 2018. This represents an increase of 22.7% on 2017 and the largest number of securities listed in a calendar year on the Exchange since the business was established in 1998.
Intertrust Securities (Jersey) Limited is a category 1 member of TISE and would be delighted to assist in acting as Listing Agent for your debt issuing vehicles. To see further advantages of listing on TISE and the benefits of using Intertrust, please go to our TISE page for further details.