German funds get access to Guernsey’s international securities

Germany’s financial regulator has allowed German Ucits funds to invest in the Guernsey-based market for listed securities, known as The International Stock Exchange (TISE).

TISE made the application to the German Federal Financial Supervisory Authority, BaFin, with the support of the German funds association, BVI.

Over 2,000 listed securities with a market capitalisation in excess of £300 billion (€352 billion) trade on TISE, which is headquartered in Guernsey and has offices in Jersey and the Isle of Man.

Fiona Le Poidevin, CEO of TISE, said the move showed that Germany’s financial authorities recognized the role played by British Crown Dependencies in the flow of capital.

“The fact that BaFin is happy to allow German Ucits funds, which themselves will have ordinary retail investors, to invest into products listed on TISE is a huge endorsement of our regulatory standards and adds significant weight to the credibility of the exchange.

“It also demonstrates that the financial services authorities in Germany recognise the role that the British Crown Dependencies play in the flow of global capital,” said Poidevin.

She added that the permission demonstrated the demand within Germany’s funds industry to have a wider set of potential investment opportunities. 

The exchange hosts issuers of various types, including in specialist debt and investment vehicles.

©2017 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST