Channel Island Stock Exchange, LBG — listing equities

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This briefing document provides a summary of the key requirements for the admission of equity securities of a trading company to a listing on the Channel Island Stock Exchange, LBG (CISX).

The CISX offers: a fast document turnaround time (often same day) and an efficient personal service; competitive pricing (initial listing fee of £5,500 for a standalone issue of a non-Channel Islands company with an annual fee of £5,500 or £3,500 and £3,500 respectively if the company is a Channel Islands company); sponsor fees significantly less than other major exchanges; no requirement to appoint a Nomad; international standards of issuer regulation; a pragmatic approach to disclosure requirements; and same market makers can be appointed as if the issuer listed on AIM.

The CISX operates in a remote environment within an electronic trading system which it monitors centrally. All CISX listing and trading information can be accessed from the CISX’s dedicated pages on the Reuters Triarch screen-based trading platform and on its internet website at Trading members of the exchange may display orders for listed securities by sending their prices via Reuters to the CISX and these prices are then disseminated to all Reuters users (access via CISX’s Reuters pages)…

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