MSE receives the green light to unveil the first Maltese Institutional Financial Securities Market
News    ·   05-10-2017
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AUTHOR: Malcolm Falzon; Maxine Gauci

On the 26 September 2017, the Malta Stock Exchange (MSE) received regulatory approval from the MFSA for the launch of the Institutional Financial Securities Market (IFSM). This new market will be the first fully Maltese regulated wholesale securities market.

Recognised as an EU-regulated market, the IFSM will be a specialised market such that the securities admissible to listing thereon, that is asset-backed securities, convertible debt securities, derivatives and insurance-linked notes, the denomination per unit of which must be at least €100,000 (or its currency equivalent), will be exclusively offered to institutional investors. The MSE considers entry into the regulated wholesale market, through IFSM, as an opportunity to “showcase Malta’s growing competence and cost effectiveness in structuring all types of securitised products.” The IFSM is regulated by the Wholesale Securities Market Listing Rules as at 27 February 2017.

This new initiative by the MSE is set to be officially launched in October 2017. On a broader scale, the annual ABS Conference, taking place in June 2018 in Barcelona, is expected to be the first international event at which the IFSM will be promoted.

The IFSM forms part of the ‘National Capital Markets Strategic Plan’ launched in October 2016, which seeks to maximise the potential of the Maltese capital markets and enhance Malta’s international profile as a dynamic financial centre.

For further information on IFSM and the rules applicable thereto, kindly contact Malcolm Falzon at malcolm.falzon@camilleripreziosi.com or Maxine Gauci at maxine.gauci@camilleripreziosi.com.

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