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ARTICLE · 13 APRIL 2017

Cayman Stock Exchange Listing Rules, April 2017 Revision

Dillon Eustace
Dillon Eustace
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Dillon Eustace

Dillon Eustace

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The Cayman Islands Stock Exchange has now published revised Listing Rules, effective April 2017.

Cayman IslandsFinance and Banking

 The Cayman Islands Stock Exchange has now published revised Listing Rules, effective April 2017. The principal change is the development of the regime for the listing of equity and debt securities of "Specialist Companies" set out in Chapter 14 of the rules. Originally introduced by the CSX in 2013, the specialist company regime was intended to cater for listings offered for subscription in amounts of US$100,000 or more per investor. That specific threshold has been removed and instead the focus of the specialist company regime has been shifted to allow subscriptions by investors who meet a higher minimum overall level of participation in investments and who are able to satisfy the issuer that they are sufficiently knowledgeable as to financial and business matters and fully aware of the associated risks, together the 'qualified purchaser/qualified investor' criteria.

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