The Bermuda Stock Exchange (BSX) has approved the British Virgin Islands (BVI) as a ‘Recognised Jurisdiction’ under the BSX Listing Regulations. The addition of the British Virgin Islands takes total of BSX recognised jurisdictions to fifteen.
The announcement opens the way for BVI registered "Public Funds" to be listed on the BSX. BVI ‘Private Funds’ and ‘Professional Funds’ will continue to be listed on the BSX under its Restricted Marketing scheme.
CEO William Woods said the BSX was 'delighted' to announce the addition of the British Virgin Islands to the list of BSX approved jurisdictions. "They are the first Caribbean nation to be so recognised and we are confident we will now begin to see a steady influx of listing applications under our general provisions from BVI Public Funds." Mr Wood said.
BSX Listings Manager, James McKirdy added, "The region has shown considerable interest in the BSX for some time… we can now capitalise on this interest and offer BVI’s rapidly growing fund business the opportunity to list on a internationally recognised, well regulated Exchange without having to go as far afield as Dublin or Luxembourg."
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