Cayman Stock Exchange Issues New Listing Rules

By Editorial 02 September, 2013

The Cayman Islands Stock Exchange (CSX) issued new listing rules for equities and investment funds as a further step in the process of upgrading to the Deutsche Boerse's Xetra trading platform.

The exchange's existing rules have been updated and new rules have been introduced for specialist companies such as mineral companies, shipping companies, and investment funds.

New rules have also been put in place to provide adequate transparency for the inclusion of retail investors, or those investing less than USD100,000 in listed companies.

Nick Small, head of listings, said: "We have issued new rules for equity securities that will benefit those specialist products that have specific listing needs and where Cayman has significant regional expertise, such as investment funds and shipping companies."

In March of this year the CSX joined Xetra, a worldwide electronic securities trading system based in Frankfurt, Germany and operated by the Deutsche Boerse.

Tags: Tax | Investment | Investment Funds | International Financial Centres (IFC) | Cayman Islands | Offshore | Stock Exchanges | Germany | Expats |


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