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ARTICLE · 08 MARCH 2018

The Bermuda Stock Exchange: An Ideal Choice For Debt Listings

Conyers
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Conyers

Conyers

For over 25 years Conyers’ London office has provided time-zone sensitive advice and support to our...

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The world's largest offshore fully electronic securities exchange, the BSX offers issuers an affordable, well-regulated listing venue.

BermudaTransport

Following the 2016 introduction of Market Abuse Regulation ("MAR") by the European Union ("EU") many companies looking to list debt are finding alternatives outside the EU more attractive. The Bermuda Stock Exchange ("BSX"), with its fully electronic trading platform and worldwide recognition, provides several benefits for debt listings outside the EU and is proving increasingly popular.

The Impact of MAR

The Market Abuse Regulation was introduced in 2016 to tackle market abuses such as insider trading, and to further harmonise market regulations across EU member states. However, the broad application of MAR to all types of securities has placed disproportionately onerous demands on issuers of debt securities, for example, high yield bonds. This has prompted many issuers to look beyond the EU for better listing options.

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