The International Stock Exchange (TISE) has revamped both its Listing and Membership Rules.

The main changes to the Listing Rules include new provisions for the listing of debt being offered directly to retail investors. The update also incorporates amendments which were made to the Listing Rules in September 2018 to enhance TISE’s attractiveness for listing the equity of Small and Medium Sized Enterprises (SMEs).

The revised Listing and Membership Rules both came into effect from 1 January 2019.

Fiona Le Poidevin, CEO of The International Stock Exchange Group (TISEG), said: “These changes ensure that our rules are fit for purpose in the current marketplace. They introduce new rules for the listing of debt being offered to retail investors, which expands our product offering for prospective issuers.

“This proportionate regulatory regime based on the product type and investor base sets us apart from many other exchanges and appeals to issuers and their advisers. As a result, we are continuing to see growth in new listings, especially debt and including high yield bonds being issued by international companies accessing the European markets.”

“These changes ensure that our rules are fit for purpose in the current marketplace.”

The overhaul of both the Listing and Membership Rules includes a significant restructure and reformatting of the content.

Mrs Le Poidevin added: “The new Listing and Membership Rules have a new format in terms of brevity and clarity which should enhance the ease of use for Members, other advisers and issuers and the restructure also ensures that there is the flexibility for us to respond to developments going forward in what is a rapidly changing marketplace.”