Listing on the Stock Exchange in Ireland

Investors who are interested in opening an investment fund in Ireland can also list on the Stock Exchange markets available here. It is important to know that Euronext Dublin (formerly the Irish Stock Exchange) provides two main markets, which are governed by a different set of regulations. Our team of Irish lawyers can explain the main regulations applicable on the Stock Exchange markets in Ireland, as well as on the procedures investors should follow when listing an investment fund in this country. 

Irish Stock Exchange – main markets 

Euronext Dublin (formerly the Irish Stock Exchange, ISE) provides two main markets for funds, used for listing or trading securities. The regulated market (formerly the Main Securities Market, MSM) is governed by the regulations applicable under the European Union’s (EU) Directives. 

The main regulator of the MSM is the Central Bank of Ireland, which also applies the Prospectus Regulation (EU) 2017/1129 and the Transparency Directive, applicable under the EU laws. 

Investors who want to open an investment fund in Ireland which can be traded on the MSM will need approval from the ISE and our team of lawyers in Ireland can offer advice on the main requirements applicable in this case. 

The other exchange market investors can address to when investing in Ireland is the Global Exchange Market (GEM), which provides similar regulations applicable in the case of MSM, with the main difference that the GEM offers more flexibility. The above mentioned directives (the Prospectus Regulation and the Transparency Directive) are not applicable on the GEM market. 

Listing requirements in Ireland  

The ISE is one of the most attractive stock markets available in Europe. Investors can benefit from numerous advantages, provided that they have applied solid investment policies. 

In order to list on one of the ISE markets, the investors will need to draw the Listing Particulars document, providing required information on the investment fund that will be listed on the ISE market. 

At the same time, the investors will need to prepare the Fund’s Offering document. ISE will verify if the documents meets the necessary criteria and if so, then the application will be approved. 

Amongst other documents, investors will also need to provide the following: 

• a sponsor application form;

• a client application form;

• responsibility letters, signed by each appointed directors of the fund;

• the power of attorney;

• the constitutive documents of the fund (a copied version).

Businessmen interested in further information related to the manner in which investment funds can be listed on the Irish Stock Exchange are invited to contact our law firm in Ireland for more details.