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).
What this means for you
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.
