The International Stock Exchange (TISE) is a

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...

headquartered in St. Peter Port,

Guernsey Guernsey ( ; Guernésiais: ''Guernési''; ) is the second-largest island in the Channel Islands, located west of the Cotentin Peninsula, Normandy. It is the largest island in the Bailiwick of Guernsey, which includes five other inhabited isl ...

. TISE provides a listing facility for international companies to raise capital from investors worldwide. It offers a regulated marketplace, with globally recognisable clients and a growing product range, from within the European time zone but outside the EU.

History

TISE was launched on 20 December 2013 as the ''Channel Islands Securities Exchange'' (CISE) when the Royal Court of Guernsey approved an arrangement for it to acquire the business of the Channel Islands Stock Exchange. An office was opened in

Jersey Jersey ( ; ), officially the Bailiwick of Jersey, is an autonomous and self-governing island territory of the British Islands. Although as a British Crown Dependency it is not a sovereign state, it has its own distinguishing civil and gov ...

in February 2015. In June 2016 the CISE listed its shares on its own exchange. The Channel Islands Securities Exchange Authority Limited 2,461,000 ordinary shares have a limited market at present. December 2016 saw a world-first with a listing on CISE of a global bitcoin fund. February 2017 saw an announcement that the exchange would rebrand as "The International Stock Exchange". The rules of the exchange having been recently changed to allow listing sponsors to be based in places other than in the

Channel Islands The Channel Islands are an archipelago in the English Channel, off the French coast of Normandy. They are divided into two Crown Dependencies: the Jersey, Bailiwick of Jersey, which is the largest of the islands; and the Bailiwick of Guernsey, ...

. In March 2017 the rebranding was completed and an office was opened in the Isle of Man.

Licensing

TISE is the trading name of The International Stock Exchange Group Limited. It wholly owns ''The Channel Islands Securities Exchange Authority Limited'', trading as The International Stock Exchange Authority (TISEA), which is licensed to operate an investment exchange under ''The Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended'', by the Guernsey Financial Services Commission.

Jurisdictional offices

Isle of Man The Isle of Man ( , also ), or Mann ( ), is a self-governing British Crown Dependency in the Irish Sea, between Great Britain and Ireland. As head of state, Charles III holds the title Lord of Mann and is represented by a Lieutenant Govern ...

Listings

The exchange lists a wide range of securities: * Primary and secondary listings of securities issued by Guernsey, Jersey and overseas trading companies * Investment vehicles, including open and closed ended funds and Real Estate Investment Trusts (REITs) * Specialist debt securities for sophisticated investors, including the use of Special Purpose Vehicles (SPVs) and the Quoted Eurobond Exemption for convertible bonds, intra-group financing, structured products and warrants * There are specific rules for equities and corporate debt securities issued by extractive industries * Special Purpose Acquisition Companies (SPACs) were introduced in November 2015

Private marketing

TISE offers private, unlisted companies a method to trade shares through their 'TISE Private Markets' service, with electronic auction trading, settlement, and registry management.

International recognition

Recognition of the TISE: * The UK

HMRC His Majesty's Revenue and Customs (commonly HM Revenue and Customs, or HMRC, and formerly Her Majesty's Revenue and Customs) is a Departments of the United Kingdom Government, department of the UK government responsible for the tax collectio ...

deem the Exchange a Recognised Stock Exchange under Section 1005 of the Income Tax Act 2007. * The Exchange is approved as an Affiliate Member of the

International Organization of Securities Commissions International is an adjective (also used as a noun) meaning "between nations". International may also refer to: Music Albums * ''International'' (Kevin Michael album), 2011 * ''International'' (New Order album), 2002 * ''International'' (The T ...

IOSCO. * The Exchange is officially recognised by the

Australian Securities Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary Exchange (organized market), securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or c ...

ASX. * The Exchange is an Affiliate Member of the

World Federation of Exchanges The World Federation of Exchanges (WFE), formerly the ''Federation Internationale des Bourses de Valeurs'' (FIBV), or International Federation of Stock Exchanges, is the trade association of publicly regulated stock, futures, and options exchan ...

WFE. * The

U.S. Securities and Exchange Commission The United States Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street crash of 1929. Its primary purpose is to enforce laws against market m ...

recognise the TISE as a Designated Offshore Securities Market. * The German

Federal Financial Supervisory Authority The Federal Financial Supervisory Authority (), better known by its abbreviation BaFin, is Germany's integrated financial regulatory authority. Since 2014, it has been Germany's national competent authority within European Banking Supervision. ...

recognise TISE as an Approved Stock Exchange.

References

External links

Official website
Financial services companies established in 2013 2013 establishments in Guernsey Stock exchanges in Europe Channel Islands Economy of Guernsey Economy of Jersey Economy of the Channel Islands Economy of the Isle of Man Organisations based in Guernsey {{stockexchange-stub