ISE Provide Investment Funds With Markets Options – GEM And MSM

 It is now over a year since the Irish Stock Exchange ("ISE") extended the scope of its successful Global Exchange Market ("GEM") to investment funds in response to industry concerns relating to the impact and application of the Statutory Audit Directive ("SAD") to those funds already listed on its Main Securities Market ("MSM").

The development was welcomed by fund promoters who can now avail of the ISE supervised market listings option for their investment funds.

Each market offers a substantially equivalent level of ISE supervision and transparency, but provides issuers with a choice based on the needs of their investors.

The option of a GEM listing addresses the requirements of funds wishing to retain the established benefits and recognition of an ISE listing, while maintaining their existing audit arrangements outside of the scope of the Statutory Audit Directive.