CISE Updates Listing Rules For Investment Business

The Channel Islands Securities Exchange (CISE) has updated its listing rules to ensure that it is able to cater for the widest range of investment business.

Chapter 7 of the Exchange's listing rules has until now been dedicated to investment funds but going forward it will be titled 'investment vehicles'. This reflects an expansion of the rules to encompass all types of investment vehicles, including open and closed ended funds but also real estate investment trusts (REITs) and unregulated investment companies, along with the associated legal entities.

The other main change in the listing rules includes the adoption of a principles and guidance based approach, where there are a number of overarching principles that must be adhered to, with accompanying guidance on how compliance with them is to be achieved.