Malta Stock Exchange plc. ("MSE") has obtained regulatory approval to launch the Institutional Financial Securities Market ("IFSM"), a securities market intended for issuers seeking to list securities falling within the scope of the Wholesale Securities Market rules, including but not limited to asset-backed and convertible debt securities, derivatives and insurance-linked notes, having a minimum denomination requirement of €100,000 (or its equivalent in any other currency).
The IFSM will be regulated by the Malta Financial Services Authority and market participants will be required to apply to the Listing Authority for the purposes of listing any wholesale securities on the new recognised list pursuant to the Wholesale Securities Market rules. The final updated version of the MSE's Bye-laws will also be made available to the public shortly.
The MSE has expressed confidence that the characteristics of the IFSM will offer a myriad of opportunities for issuers and institutional investors alike.