Notice is hereby given in accordance with section 33(2) of the Securities Act Cap. 318A (“Securities Act”), that the Barbados Stock Exchange (“Exchange”) has filed a copy of proposed amendments to its ISM rules pursuant to section 33(1) of the Securities Act.
In accordance with section 33(2) of the Securities Act interested persons may submit written comments on the proposed amendments to the ISM rules Section 4610.3 and addendum Series 9000:Special Listing Facility-Digital Assets, which are subject to regulatory approval. For further clarification, please refer to the ISM Guidance note “Application of Special Listing Facility for Digital Financial Assets Rule SERIES 9000”.
The substance and purpose of this amendment to Section 4610.3 is to facilitate the growth of the ISM through admission of issuers of varying sizes. This reduction in capital would allow for greater diversity in listed companies – effectively acting as a catalyst for numerous listings on the ISM.
The substance and purpose of the addendum Series 9000:Special Listing Facility-Digital Assets, is to diversify the categories of prospective listings in order to capitalize on the opportunity to position Barbados as a regulatory compliant jurisdiction for listing and trading digital assets. This rule will be a provision that allows foreign investors – within the blockchain market – to list their digital assets on the ISM.
Comments may be submitted to the Exchange no later than May 17, 2019 by hand, by post or via e-mail at info@bse.com.bb. For further clarification, please contact the Exchange at 436-9871. An electronic copy of the proposed amendments may be obtained from the offices of the Financial Services Commission or the Exchange. Alternately, a copy may be viewed and downloaded from the BSE website, www.bse.com.bb.