CISX set to restructure
The Channel Islands Stock Exchange (CISX) is planning to restructure.
Jon Moulton (pictured), chairman of the CISX, says the exchange is seeking to introduce a new and improved operating model in around a month's time.
Fiona Le Poidevin, chief executive of Guernsey Finance, says: “Clients should have confidence that the team at the CISX will not only evolve the exchange in such a way that serves the investment community very well going forward but also that service standards remain of the highest quality in the intervening period. It is positive that the CISX is ensuring business continuity and we will keep clients informed of developments regarding the new and enhanced model for the exchange as and when they become available.”
The move to restructure the exchange comes after Moulton announced on 14 October that certain of the CISX's historic activities have been under investigation by the Guernsey Financial Services Commission (GFSC). The investigations do not relate to current matters but are ongoing. The CISX was briefly closed to new listings applications following the 14 October announcement but reopened soon after and it is now once again business as usual while the restructuring takes place.