The International Stock Exchange (TISE) has been successful in its application to be recognised by the US regulator, US Securities and Exchange Commission (SEC) as a Designated Offshore Securities Market (DOSM).
What this means for you
The Securities Act prohibits the offer or sale of a security in the US unless it is registered with the SEC. However, there are some exemptions available, including Regulation S.
The DOSM recognition means that securities listed on TISE can avail of the Regulation S exemption which permits securities to be issued outside the US without the need for them to be registered with the SEC and without the seller having to undertake the onerous requirements to be able to form a reasonable belief that the buyer is outside the US.
TISE continues to go from strength to strength
This approval is a significant endorsement of the standards of governance by which TISE...