The Channel Islands Stock Exchange (CISX) released a statement yesterday (14 October 2013) confirming that, following an investigation by the Guernsey Financial Services Commission in respect of historic activities, the CISX will be restructuring its operations through a new corporate vehicle.
The restructuring affects all CISX Sponsors, Issuers and Listed Securities and it is expected to take around a month.
We are currently liaising with the CISX on behalf of any affected clients. We understand the current position to be as follows:
- No new listing applications will be processed until the restructuring is completed.
- All Issuers and Securities that are already admitted to trading will be unaffected.
- The CISX will continue to process listing applications that have already been submitted and acknowledged.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
