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Benefits of listing on the Irish Stock Exchange

Debt Securities

  1. Reputation
  2. Commitment to aggressive timing.
  3. Simplified listing process.
  4. Ease of communication and resolution.
  5. Standalone rulebook.
  6. Consistency of approach.
  7. Products listing.
  8. Listing fees.
  9. Expertise of team.
  10. Minimum continuing obligations.

Investment Funds

Why List…

  1. Reputation
  2. Recognition
  3. Experience
  4. Specialist Knowledge
  5. Specialist Rules
  6. Flexibility
  7. Speed
  8. Costs

Advantages

  • Quasi Regulatory Status
    - Increases a fund’s prestige & profile - recognised EU Stock Exchange
  • Transparent Information Flow
    - Allows investors to mark their fund investment to market.
    - Publicly available information for investors
  • Investors
    - Increases a fund’s potential investor base
    - Provides a valuable marketing tool for targeting specific investors/countries i.e.  France.
  • No Minimum Capital Requirement

Irish Stock Exchange fees

Investment Funds

Non-EU Domiciled Funds

  1. Listing Fees
    • Listing Application Fee €1,980
    • Subsequent Application Fee €940
  2. Annual Fees
    Payable prior to admission in the first year of listing and, thereafter on each anniversary of listing (effective date of new annual fee is there on anniversary of listing).
    • Per fund or subfund up to 5 subfunds €1,980
    • Per subfund over 5 up to 10 €1,200
    • Per subfund over 10 subfunds €800
  3. Administration Charge €250

Where applicable:

  • Formal notice fee €520
  • An addition discretionary charge on complex structures

EU Domiciled Funds

  1. Listing Fees
    • Listing Application Fee €1,900
    • Subsequent Application Fee €900
  2. Annual Fees
    Payable prior to admission in the first year of listing and, thereafter on each anniversary of listing (effective date of new annual fee is therefore on anniversary of listing).
    • Per fund or subfund up to 5 subfunds €1,900
    • Per subfund over 5 up to 10 €1,150
    • Per subfund over 10 subfunds €760
  3. Administration Charge €250

Where applicable:

  • Formal notice fee of €520 (+VAT)
  • An additional discretionary charge on complex structures

Debt Securities

Non-Programme Documents

  • €2000 document review fee
  • €1500 annual fee – with the option to pay on an annual or upfront basis. Upfront payments for 10 years or more can avail of a 10% discount
  • €500 tranche fee – applied to the first tranche of an application for listing e.g. Class A
  • €250 tranche fee – applied to all subsequent tranches in the same listing e.g. Class B, Class C and Class D etc

Programme Documents

  • €2000 document review fee
  • €1500 per document – for all subsequent documents/supplements submitted to the Exchange under the programme that require pre-approval.
  • €1500 annual fee – applied at programme level
  • €500 tranche fee – applied to the first tranche of each Series to be listed
  • €250 tranche fee – applied to all further tranches of each Series to be listed