The Channel Islands Securities Exchange - An Update

NEW STRATEGY

The Channel Islands Securities Exchange (CISE) is seeking to diversify and introduce new products for listing on the Exchange whilst introducing rule changes to strengthen its core business.

SPACS

New rules have been introduced which allow Special Purpose Acquisition Companies (SPACs) to be listed on the CISE.

A SPAC is a cash shell used to raise money for a very specific investment objective. The SPAC is usually initially formed by a management team with experience in private equity investments, who will comprise the executive directors and management team. A SPAC tends to be quicker and cheaper to establish than a fund and, whilst the SPAC does not have the same spread of risk, investors are willing to risk higher returns by backing management teams with a proven track record in specific asset classes.