The International Stock Exchange (TISE) has been approved as a
Designated Offshore Securities Market (DOSM) by the US Securities
and Exchange Commission (SEC).
The recognition from the federal regulator means that securities
listed on TISE can be issued and resold in a more streamlined
manner.
Fiona Le Poidevin, CEO of The International Stock Exchange Group
(TISEG), said: "I am delighted that we have been successful in
our application to the US SEC for recognition of TISE as a DOSM.
This approval is a significant endorsement of the standards of
governance by which we operate our market, and adds further
credibility to TISE as a leading international stock
exchange."
The recognition means that securities listed on TISE can be
issued outside the US without the need for them to be registered
with the SEC, and with an exemption for the seller having to
undertake the onerous requirements to be able to form a reasonable
belief that the buyer is outside the US.
