Carey Olsen explained that the Specialist Companies Equity Rules are intended to “attract privately held structures whose securities are not intended to be frequently transferred or traded”, and which are “primarily held by institutional and professional investors”. 

The ability to list equity as a Specialist Company provides an “efficient alternative to issuers whose securities are closely held and which do not cleanly fit within TISE's trading or investment vehicle categories for general equity listings”. 

The Specialist Companies Equity Rules offer “increased flexibility” over TISE's full equity listing rules, with “streamlined application and disclosure requirements as well as continuing obligation requirements proportionate to the investor profile”, the firm said. 

There is no requirement to make the listing document publicly available on TISE's website or to provide TISE with general shareholder meeting notifications under the Specialist Companies Equity Rules. 

Companies listed under the Specialist Companies Equity Rules do not need to publish financial information on TISE's website as a matter of course. 

Matthew Ecobichon, Counsel in Carey Olsen's Jersey debt capital markets team, said: "We are delighted to have taken a central role in the development of the Specialist Companies Equity Rules and have already seen interest in the new segment from a number of issuers." 

Pictured top: Matthew Ecobichon, Counsel in Carey Olsen's Jersey debt capital markets team.