Why TISE?

TISE stands out from the crowd because of our culture of responsiveness and innovation

We stand out from the crowd as a leading international stock exchange because of our culture of responsiveness and innovation.

This enables us to provide a regulated marketplace which is hugely attractive to issuers, investors and other market participants who are seeking to engage in the listing and trading of securities.

We are home to one of Europe’s leading professional bond markets, the second largest market for UK Real Estate Investment Trusts (REITs) and we have a comprehensive sustainable finance segment.

We provide market participants with a high-quality product and service offering for the listing and trading of securities.

Our Products

 

Our Credentials

The fact that issuers from around the world and a variety of industries choose to list and trade securities on TISE is in itself a demonstration of the strength of our product and service offering.

A leading
European professional bond market

40%
of all UK REITs are listed on TISE

3,500+
listed securities on our market

£500 billion+
market value of all listed securities

2,000+
issuers with securities listed on TISE

35+
countries among the issuer base

Our Strengths

Issuers choose to list and trade securities on TISE because the products and services are provided in a responsive and innovative environment, which is evidenced through a number of ‘world first’ transactions, pioneering issuances and other more unique deals coming to our market.

Responsive Approach
We have a knowledgeable team which facilitates listings daily in-line with our TISE Guarantee to provide initial reviews of applications within 3 business days and all subsequent reviews within 1 business day.

Innovative Environment
Being agile, dynamic and open-minded means that we can quickly consider and introduce new products and services and as a result, a number of ‘world first’ transactions have come to our market.

Straightforward Process
There is a simple listing process where issuers are assisted by our experienced Members (acting as Listing Agents / Sponsors) who will complete the listing application through MyTISE, our online member services portal.

Competitive Pricing
TISE fees are highly competitive, representing great value. Listing fees offer the the certainty of being set by product type, rather than varying by market capitalisation, and there are Lifetime Fee options available for some bonds.

Proportionate Rules
We have distinct rulebooks for bonds, equities and trading, with each proportionate to the products and investors, and independent of UK and EU directives and regulations, which do not apply unless applied voluntarily.

Premier Locations
With staff operating across Dublin, Guernsey, the Isle of Man, Jersey and London, we are well-connected while also offering the advantage of a regulated market based outside both the UK and EU.

Global Standards
Our market authority regulates the marketplace to recognised global standards which are applied in a proportionate manner that seeks to balance the interests of all market participants.

International Recognitions
As set out further below, we have a number of international recognitions and memberships which enhance our credibility, put us as the heart of the capital markets community, and may widen the investor base of TISE listings.

Our Credibility

TISE has a wide range of international recognitions and memberships.

 

These enhance our credibility as a market, while also putting us at the heart of European and global industry discussions on the future of the capital markets.

 

In addition, many of the recognitions also help to widen the investor base for issuers with TISE-listed securities as it enables investor participation through their listed capital allocation. TISE is also a recognised stock exchange for the purposes of investment by UCITS established in the leading EU/EEA fund domiciles.

HMRC

Recognising Body

Her Majesty’s Revenue & Customs (HMRC)

Status

Recognised Stock Exchange

Relevant Legislation

Section 1005 of the Income Tax Act 2007 of the United Kingdom

Principal Benefits

Securities listed on TISE can avail of the UK Quoted Eurobond Exemption (QEE) Securities listed on TISE can qualify for the UK Real Estate Investment Trust (REIT) regime Securities listed on TISE are eligible for investment by Self-Invested Personal Pensions (SIPPs) and Individual Savings Accounts (ISAs)

Irish Revenue Commissioners

Recognising Body

Irish Revenue Commissioners

Status

Recognised Stock Exchange

Relevant Legislation

Section 64 of the Taxes and Consolidation Act, 1997 of Ireland

Principal Benefits

Securities listed on TISE can avail of the Irish Quoted Eurobond Exemption (QEE)

US SEC

Recognising Body

US Securities and Exchange Commission (SEC)

Status

Designated Offshore Securities Market (DOSM)

Relevant Legislation

Rule 902(b) of Regulation S under the Securities Act of 1933, as amended

Principal Benefits

Securities listed on TISE can be issued outside of the US without the need for them to be registered with the SEC and with an exemption for the seller having to undertake the onerous requirements to be able to form a reasonable belief that the buyer is outside of the US

BaFin

Recognising Body

German Federal Financial Supervisory Authority (BaFin)

Status

Approved Stock Exchange

Relevant Legislation

Section 193 of the Capital Investment Act, KAGB (Kapitalanlagegesetzbuch)

Principal Benefits

Securities listed on TISE are automatically eligible assets as part of the ‘listed’ investment allocation of German insurance companies and German UCITS funds. This increases the potential investment which TISE listed products can receive from German domiciled UCITS funds

ASX

Recognising Body

Australian Securities Exchange (ASX)

Status

Recognised Stock Exchange

Relevant Legislation

ASX Operating Rules Procedures

Principal Benefits

In accordance with the ASX Operating Rules Procedures, ASX has approved TISE as a Recognised Stock Exchange

Guernsey Registry

Recognising Body

Guernsey Registry: (i) Registrar of Companies; (ii) Registrar of Beneficial Ownership of Legal Persons

Status

Recognised Stock Exchange

Relevant Legislation

Companies (Recognised Stock Exchanges) Regulations, 2019

Principal Benefits

Exempts Guernsey companies listed on TISE from certain requirements under Part XXIX of the Companies (Guernsey) Law, 2008 and Beneficial Ownership (Definition) Regulations, 2017 relating to the appointment of a Resident Agent and disclosure of beneficial ownership

GFSC

Recognising Body

Guernsey Financial Services Commission (GFSC)

Status

Named Securities Market

Relevant Legislation

Authorised Closed-Ended Investment Schemes Rules, 2021; Authorised Collective Investment Schemes (Class B) Rules, 2021; and Private Investment Fund Rules, 2021

Principal Benefits

Securities listed on TISE qualify as an ’approved security’ for the purposes of the rules, enabling the transaction to satisfy the criteria for best execution on-exchange

Isle of Man Treasury

Recognising Body

Isle of Man Treasury

Status

Recognised Stock Exchange

Relevant Legislation

Section 5(2)(b) of the Beneficial Ownership Act 2017

Principal Benefits

Exempts Isle of Man registered companies listed on TISE from certain requirements under the Beneficial Ownership Act 2017

JFSC

Recognising Body

Jersey Financial Services Commission (JFSC)

Status

Designated Investment Exchange

Relevant Legislation

Listed Fund Guide

Principal Benefits

Recognised exchange for closed ended Listed Funds which may be established using a streamlined authorisation process – enables TISE listed issuers to qualify for regulatory purposes

JFSC

Recognising Body

Jersey Financial Services Commission (JFSC)

Status

Exchange listed in Schedule 4

Relevant Legislation

(5(2)(a)(i) of Schedule 1 and Paragraph 4(1) of Schedule 2 of the Collective Investment Funds (Unregulated Funds) (Jersey) Order 2008

Principal Benefits

Recognised exchange for the listing and trading of units of an Unregulated Collective Investment Fund (relates to schemes that do not constitute a fund) – enables TISE listed issuers to qualify for regulatory purposes

AFME

Body

Association for Financial Markets in Europe (AFME)

Membership Type

Associate Member

Area of Focus

Represents the leading global and European banks and other significant capital market players, with the aim of acting as a bridge between market participants and policy makers across Europe

 

ICMA

Body

International Capital Market Association (ICMA)

Membership Type

Full Member

Area of Focus

Not-for-profit membership association, with a wide range of member firms active in the international debt capital markets

 

IOSCO

Body

International Organization of Securities Commissions (IOSCO)

Membership Type

Affiliate Member

Area of Focus

International body which brings together the world’s securities regulators and is recognised as the global standard setter for the securities sector

QCA

Body

Quoted Companies Alliance (QCA)

Membership Type

Advisor Member

Area of Focus

Independent membership organisation which champions the interests of small to mid-sized quoted companies

 

UN SSE

Body

United Nations’ Sustainable Stock Exchanges Initiative (UN SSE)

Membership Type

Partner Exchange

Area of Focus

Peer-to-peer learning platform for exploring how exchanges, in collaboration with investors, regulators, and companies, can enhance corporate transparency and ultimately performance on ESG

 

WFE

Body

World Federation of Exchanges (WFE)

Membership Type

Affiliate Member

Area of Focus

Global industry association for exchanges and clearing houses

 

CSR

Our values support our vision and mission and define our common beliefs Our values support our vision and mission and define our common beliefs

CSR

Careers

Our success is founded in the quality of our staff who have chosen our values which support our vision and mission and define our common beliefs

Careers

Contact

Robbie Andrade

Chief Operating Officer
+44 (0) 1481 753030 robbie.andrade@tisegroup.com