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Alternative Market Briefing

Gibraltar targets small corporates, non EU managers with new exchange

Tuesday, February 23, 2016

Bailey McCann, Opalesque New York:

Gibraltar is making a significant push to attract non-EU managers, small corporates, and the insurance industry with its new exchange. The country launched the Gibraltar Stock Exchange (GSX) at the end of 2014. Since then, it is has signed up the first wave of listing companies and recently added support for debt securities and closed ended funds. Nick Cowan and Phil Young of GSX recently spoke to Matthias Knab for Opalesque TV to offer greater detail about what entities get from listing on the exchange.

"Gibraltar is very ambitious," Cowan explains. "Financial services is a core part of what we do here. With GSX, we now provide a low cost, fast to market solution for companies that want to market inside the EU, that is also well regulated."

Gibraltar is the only British territory within the EU. As such, it is self-funded, relies on UK law and the pound. But, according to Cowan all offerings on the GSX are fully in-line with EU financial regulations and offer the opportunity for non-EU managers or small corporates to list a product and gain full passport capabilities. Products on the GSX are also available to UCITS investors.

"GSX offers a fixed time frame for bringing products to market and allows entities to do so at a lower cost than the big exchanges," Cowan adds. Both of these features are important for small businesses or fore......................

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