By Mark Lewis, partner, Bailhache Labesse and director, LordSPV Management (Jersey) Ltd.
The Channel Islands Stock Exchange is reporting an increase in demand for new listings as promoters, managers and issuers take stock of the implications of the implementation of the E.U. Prospectus Directive. The E.U. Prospectus Directive will come into force on July 1. It is the first directive to be implemented under the E.U. Financial Services Action Plan. The plan also includes the Transparency Directive and is designed to create a single pan-European capital market that issuers and investors will be able to access efficiently.