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."
TISE has been approved as a DOSM within the meaning of Rule
902(b) of Regulation S under the Securities Act of 1933, as
amended.
