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Listing Services

The Practice

Arthur Cox provides listing services through Arthur Cox Listing Services (“ACLS”), which was approved by the Irish Stock Exchange as an authorised sponsor in early 2004 to provide listing services for specialist debt securities and investment funds. With an already thriving and successful Capital Markets and Funds practice, the establishment of the listing department was seen as the perfect complement to the already existing businesses. This marked a significant strategic move for the firm and allows us to provide a full service to our Funds and Capital Markets clients, from advising them legally on their structures and products to listing them on the Irish Stock Exchange.

Since 1999, the Irish Stock Exchange (the “ISE”) has provided a listing regime for most specialised debt securities including Asset Backed Securities, Specialist Bonds, Asset Covered Securities and European Commercial Paper. The ISE has done tremendously well in becoming the leading exchange in Europe for listing ABS within a short period of time. It is also the leading exchange for listing investment funds.

The ISE’s success can be attributed to, inter alia:

  • A comprehensive set of listing guidelines consistently applied across product types and issuers, quick turn-around times;
  • Timing - ISE have committed to very aggressive turnaround times which are 3 working days on all initial submissions and 2 working days on all subsequent submissions in the case of debt and 5 working days on all initial submissions and 2 working days on all subsequent submission in the case of funds;
  • Communication - the ISE operate an open door policy and are willing to discuss a structure prior to submission to ensure a smooth and streamlined process.

Requirement for listing agent/listing sponsor:

To list a specialist debt security on the ISE, an issuer must appoint a listing agent and to list investment funds, the fund must appoint a listing sponsor. The appointed listing agent/sponsor must be registered with the ISE. A listing agent/sponsor is responsible for ensuring that the issuer is guided and advised on their application and is responsible for all communications with the Exchange with regard to the listing guidelines, the listing process and all post listing obligations that may apply. Arthur Cox Listing Services is registered with the ISE as an approved listing sponsor and listing agent.

Principal Contact

Helen Berrill, Director of Listings