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Komfie Manalo, Opalesque Asia:

International law firm Deacon said that Hong Kong-based funds should seek to lists its shares on the Gibraltar Stock Exchange (GSX) to give them visibility, specifically for the EU.

In its newsletter, Deacon said a GSX listing can provide EU visibility without the fund falling within the EU legal, regulatory or taxation environment. As fund managers worldwide know, access to the European market has been complicated by the introduction of recent laws, however it is a myth to suggest that access to the EU market is now impossible. One means of gaining some traction in the EU would be a listing on the GSX.

For a non-EU fund a GSX listing bring the following benefits; visibility in the EU and assist in distribution; EU visibility with being subject to EU laws or taxation; no modifications to funds are required; increased fund marketability; increased investor confidence; and increased investor transparency.

Deacons added that there is no restriction in listing on the GSX. Start-up funds as well as established funds are welcome, and a listing applicant can be incorporated in any jurisdiction approved by the GSX (most are approved). The main qualification is that the listing applicant must satisfy the GSX that its directors, and any investment manager, have sufficient and satisfact......................

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