Isle of Man-based IQE Securities Sponsor Services has been approved as a listing member of The International Stock Exchange (TISE).
IQE Securities Sponsor Services, a wholly owned subsidiary of international fiduciary services provider IQE, is the first Isle of Man company to become a member of TISE.
It has been approved as a Category 1, Category 2 and Category 3 sponsor, enabling it to arrange and sponsor the listing of debt securities, investment vehicles and trading companies on TISE.
TISE introduced Channel Islands and Isle of Man segments of its Official List to increase the visibility of TISE-listed trading companies operating from the respective jurisdiction(s).
During the first five months of the year there have been 270 securities listed on TISE, 50 per cent more than the same time in 2016. The new listings have included a range of debt instruments, including high-yield bonds, four closed-ended and eight open-ended investment securities and one equity, PraxisIFM Group.