Gibraltar opens to debt securities and closed ended funds

GSX, the Gibraltar Stock Exchange, has expanded its services to include the listing of debt securities and closed-ended funds.

GSX received approval from the Gibraltar Financial Services Commission in December to expand its current license to closed-ended funds and debt securities including bonds, derivative securities and asset-backed securities.

Given its status within the EU, Gibraltar-licensed banks, investment services firms, Ucits, insurance companies, reinsurance companies and insurance mediation firms benefit from access to the single European market.

GSX opened in 2014 and has worked closely with Gibraltar Finance and its Member Firms in raising the profile of the jurisdiction globally.

Nick Cowan, managing director of GSX: “We have seen strong demand for debt-related financing solutions in a number of sectors including SME’s using the mini-bond market to raise capital in the EU Capital Markets and diversify funding sources; reinsurance companies structuring catastrophe bonds, collateralised reinsurance vehicles and other insurance linked securities within the EU; and asset managers looking for an alternative path to Europe using fund-backed debt securities.

“With the securitisation market in the EU at around €1.8trn as of Q2 2015, and growing, the asset-backed securities market will be a particular area of focus for us in 2016.”


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