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NCB was instrumental in promoting the concept of Ireland's IFSC in the early 1980's and has played a key role in its development since that time.

The initiative for encouraging the listing of investment funds in Dublin arose out of the development of the International Financial Services Centre (IFSC) in Dublin as a centre for the establishment and administration of funds. The Irish Stock Exchange (the "Exchange") operates a well established and very successful regime for the listing of offshore and IFSC domiciled investment funds under its code, 'The Investment Funds - Listing Requirements and Procedures'. This rulebook codifies the Exchange's eligibility criteria, disclosure requirements and the continuing obligations for listed funds and is seen as “Best Practice” by industry.

Pursuant to the Exchange's code, every fund applying for admission of units to the Official List of the Irish Stock Exchange must appoint a sponsoring broker. The principal role of the sponsoring broker is to ensure that the fund is guided and advised as to the application of the Exchange's listing rules and, where relevant, the UK Listing Authority's Listing Rules.

The Irish Stock Exchange provides a streamlined and progressive listing regime for securities issued in the international capital markets, such as Asset Backed Securities, Bonds, Warrants, ECP Programmes and Covered Securities. Combining a comprehensive set of listing rules, a commitment to very aggressive timing on processing listing applications and a complete streamlined listing process, the Exchange’s regime is highly transparent and user friendly, contributing and supporting the securitization industry, both domestically and internationally.

Pursuant to the listing rules, every structure must appoint a listing agent who is responsible for ensuring the Exchange’s rules and relevant European Legislation are complied with.

NCB provides the services of a listing agent to issuers of securitisations seeking a listing on the Exchange and approval of their prospectus by the Irish Financial Services Regulatory Authority. NCB also may act as Irish paying agent to closed-ended funds and debt securities seeking a listing.

NCB also provides advice and guidance in respect of compliance with continuing obligations and regulations of the Exchange together with the relevant requirements of European Legislation.

NCB liaises between issuers/funds on an ongoing basis.