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Member Firm FAQs


Member Firm FAQs

09/01/2017

What do GSX Member Firms do?

Member Firms are responsible for bringing listing applications to market and maintaining on going reporting obligations. All applicants seeking a listing on GSX must first appoint a Member Firm.

A GSX Member has a duty to maintain and uphold the reputation and integrity of the Gibraltar Stock Exchange’s markets. They play a crucial role in maintaining the quality of the markets and, in particular, are responsible for critically assessing the appropriateness of an issuer for admission to listing.

What types of GSX Member Firms are there?

There are currently 2 classes of Member Firms:

  • Class 1: Listing Member Firm – Funds (members who specialise in sponsoring the listing of Collective Investment Schemes)
  • Class 2: Listing Member Firm - Debt Securities (members who specialise in sponsoring the listing of Debt Securities)

Who is the Listing Authority?

The Listing Authority is the body responsible for the regulatory approval of listings.

For the Main Market, the Listing Authority is completely independent of GSX and is constituted of officers from the Financial Services Commission (FSC) of Gibraltar.

For the Global Market, listings are approved by the Exchange itself.

Who can be a GSX Member Firm?

GSX will consider applicants from the EEA and Switzerland. Applicants must as a minimum requirement:

  • be a body corporate or a partnership; and
  • either be licensed or authorised by a recognized Competent Authority or Regulatory Authority of equivalent standing preceding the application; or
  • be a Member of another EU regulated market preceding the application; and
  • demonstrate relevant experience for both senior executives and staff

Members may apply for more than one class of membership.

For further information regarding membership criteria, requirements and continuing obligations of Member Firms, please refer to the Members Code.

GSX does not yet accept applicants from outside the EEA and Switzerland.

What are the obligations of GSX Member Firms?

Member Firms are responsible for bringing listing applications to market and maintaining ongoing reporting obligations as detailed in the respective Listing Codes. Member Firms also have their own reporting obligations as detailed in the Members Code.

One of the most important duties of a Member Firm is to ensure that its client meets the eligibility criteria, and is otherwise suitable for GSX markets as an admission, and to consider whether the client is likely to affect the orderly operation or integrity and reputation of GSX.

What is the GSX fee for membership?

An initial application fee of £5,000 and annual fee of £5,000 is required to be paid when the application is made for membership. There is no additional payment charged for application for combined classes of membership.

Where can I see the GSX listing and membership codes?

All codes can be viewed on the bottom area of the GSX website.

Members Council Notices:

GSX distributes information and updates to Member Firms via Members Council Notices, or MC Notice. The archive of MC Notices can be found here.

Who are GSX’s Member Firms?

The list of GSX Member Firms can be viewed here.



Recently Added:
Why? Source: Gibraltar Stock Exchange
 

GSX Main Market

Members

+ Who Can Become a Member
+ Why Become a Member
+ How to Become a Member
+ List of Members
+ Members Application Bundle
Debt Securities

+ Who Can List
+ Why List
+ How to List
+ Recognised States
+ Debt Prospectus Handbook
+ Debt Securities Application Bundle
Open Ended Funds

+ Who Can List
+ Why List
+ How to List
+ Recognised States
+ Open Ended Fund Application Bundle
Closed Ended Funds

+ Who Can List
+ Why List
+ How to List
+ Recognised States
+ CECIS Prospectus Handbook
+ Closed Ended Fund Application Bundle
Fees

+ Open Ended Fund Fees PDF
+ Fund Fee Calculator
+ Closed Ended Fund Fees PDF
+ Debt Security Fees PDF
+ Member Firm Fees PDF
+ Fees Bundle
Codes

+ Listing Code for Debt Securities
+ Listing Code for Open Ended CIS
+ Listing Code for Closed Ended CIS
+ Members Code for Listing Members
+ Stock Exchange Code

GSX Global Market

Members

See above for Member Firm details.
Debt Securities

+ Who Can List
+ Why List
+ How to List
+ GM Debt Securities Application Bundle
Funds

+ Who Can List
+ Why List
+ How to List
+ GM Fund Application Bundle



Fees

+ GM Fund Fees PDF
+ Fund Fee Calculator
+ GM Debt Security Fees PDF
+ GM Fees Bundle
Codes

+ GM Listing Code for Debt Securities
+ GM Listing Code for Funds

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