Our international reputation
The Exchange is home to Europe’s largest pool of capital and is the world’s premier international equity exchange. It is no surprise then that our markets are respected the world over for their fairness and reliability. This reputation for quality and integrity rests on the ongoing development of a robust framework of rules within which the companies listed on our markets and our market participants operate.
We regularly share our knowledge of rules development on both an advisory and practical level with regulators and stock exchanges around the world.
Our rules are practical and we have a policy of matching or exceeding global exchange standards relating to market practice. We also have considerable experience in monitoring companies and enforcing the rules to maintain investors’ confidence in our markets.
Global experience
Our international consultancy team was responsible for drawing up the framework for the UK Listing Rules – and was also central in developing IOSCO’s International Disclosure Standards for prospectuses. These have subsequently been adopted by the European Union (EU). In addition to this, we were part of a multi-disciplinary delegation organised and funded by the World Bank to provide a comprehensive review of the regulatory environment within which an Asian capital market operated.
Practical application of knowledge
Our team has assisted many exchanges and regulators by explaining international rules and legal frameworks to them.
Examples of our work
- Assisting a European exchange to align its listing rules more closely with the EU. The exchange selected us for this project because of our in-depth knowledge of EU securities law and practice.
- Delivering a presentation on mutual recognition provisions for prospectuses to a securities commission in Central Europe.
- Outlining the UK’s rules for overseas secondary listings to an Eastern European exchange.
We also worked on a project to assess the state of implementation of the IOSCO Objectives and Principles of Securities Regulation for a regulator in the Middle East. The process of assessment comprised several steps:
- completion of surveys on the IOSCO principles
- assessment of the state of implementation of each key principle
- production of an assessment report
- an action plan to remedy the shortcomings that were identified.
Our offering
We can apply our experience and knowledge of rules development in a variety of ways. One way in which we can work with you is to assist with the development of rules for new or second markets.
Another way that we can assist is to review and assess your existing framework of rules and regulations and suggest appropriate changes and recommendations.
Aftercare
We can then support your staff and partners by organising and delivering training workshops tailored to your requirements.
For more information on any aspect of regulatory development please contact us