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ARTICLE · 11 APRIL 2016

Global Exchange Market – Investment Funds

Dillon Eustace
Dillon Eustace
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The Global Exchange Market ("GEM") of the Irish Stock Exchange will, with effect from Monday 4 April, 2016, be open for investment funds seeking to list their securities on GEM...

IrelandFinance and Banking
Tara O'Callaghan
Tara O'Callaghan
Helen Daly
Helen Daly
Fionnán Gannon
Fionnán Gannon
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The Global Exchange Market ("GEM") of the Irish Stock Exchange will, with effect from Monday 4 April, 2016, be open for investment funds seeking to list their securities on GEM or for any investment funds wishing to transfer an existing listing from the Main Securities Market of the Irish Stock Exchange ("MSM") to GEM.

The GEM is an exchange regulated market and Multi-Lateral Trading Facility as defined in MiFID (Markets in Financial Instruments Directive (Directive 2004/39/EC). European directives such as the Prospectus Directive, the Transparency Directive and the Statutory Audit Directive will not apply to issuers by virtue of their listing on GEM. The European market abuse regime is, however, to be extended to cover Multi-Lateral Trading Facilities and thus will apply to GEM listed issuers from 3 July, 2016.

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