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ARTICLE · 14 APRIL 2016

Global Exchange Market Opens For Investment Funds

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The Irish Stock Exchange ("ISE") has expanded the Global Exchange Market ("GEM") to include listing of regulated and unregulated investment funds.

GlobalFinance and Banking
Laurence Morrissey
Laurence Morrissey
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The Irish Stock Exchange ("ISE") has expanded the Global Exchange Market ("GEM") to include listing of regulated and unregulated investment funds. Up until this point, investment funds could only list on the Main Securities Markets ("MSM") of the ISE.

What is GEM?

GEM is recognised as a Multilateral Trading Facility ("MTF") under Europe's Markets in Financial Instruments Directive ("MiFID") and is authorised by the Central Bank of Ireland ("CBI"). Therefore, EU securities legislation that applies to regulated markets (e.g. Prospectus, Transparency and Statutory Audit Directives) generally will not apply to GEM.

GEM has been in existence since 2009 and is currently the number one global exchange for listing debt securities with over 8,000 debt securities listed.    

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