Listing with TISE
We’re an agile exchange with global standards which has earned us significant international recognition.
There are many reasons for listing on The International Stock Exchange but the overarching advantages can be summarised as our responsive approach, competitive pricing, global standards of issuer regulation, premier locations and international recognitions.
Being a smaller exchange means that we can be nimble and agile. The fact that the listings team has a strong rapport with Sponsors and Listing Agents, and that the market authority's Listing and Membership Committee (LMC) meets daily, means that we can turnaround applications in a timely manner, typically four to six weeks from start to finish. The Exchange is also able to consider more unusual transactions and move quickly to introduce new products.
Initial and annual fees vary according to product type (rather than market capitalisation) and are competitive compared to other similar exchanges and more reasonable than larger exchanges, considerably so in some cases. Latest fee schedules are available from this website.
The Exchange's market authority applies global standards of regulation in a manner proportionate to the business being carried out so that there is investor protection but issuers are not unduly burdened. It is an Affiliate Member of the International Organisation of Securities Commissions (IOSCO) and an Affiliate Member of the World Federation of Exchanges (WFE).
Headquartered in Guernsey and with offices in Jersey and the Isle of Man, TISE is located in close proximity and with good links to the UK and Europe and within well established and reputable International Finance Centres. It also means that we have the advantage of being in the European time zone but outside of the EU and therefore offer a convenient and pragmatic environment for listing and trading.
Our recognitions establish credibility around the world
The Exchange’s international recognitions not only provide it with credibility around the world but they may also provide other benefits, such as widening the potential investor base for TISE-listed products.
For example, the UK tax authority, Her Majesty’s Revenue & Customs (HMRC), deems us to be a Recognised Stock Exchange for the purposes of investment by Self-Invested Personal Pensions (SIPPs) and Individual Savings Accounts (ISAs). HMRC’s recognition also means that products listed on the Exchange may be able to avail of the Quoted Eurobond Exemption (QEE). Other recognitions include the US Securities and Exchange Commission (SEC), the Australian Stock Exchange (ASX) and the German regulator, BaFin.
The latter means that TISE-listed products are automatically eligible assets as part of the ‘listed’ investment allocation of German insurance companies and German UCITS funds. We have carried out research which highlights how UCITS funds from all EEA jurisdictions can invest into TISE-listed products.