Channel Islands Stock Exchange able to 'consider new work'

Related Stories

The Channel Islands Stock Exchange has reopened to some new clients while an investigation into how it was set up continues.

The exchange stopped taking on members earlier this week.

It was announced as news broke that the Guernsey Financial Services Commission had been investigating the exchange for the past 20 months.

In a statement, the exchange said it would be able to consider listings "with no apparent suitability issues".

It said any applicants with "complex or unusual structures" would not be accepted and it may take longer than normal to admit new members.

The statement said the company was going through a "process of restructuring" and it hoped "to be able to announce 'business as usual' shortly".

Fiona Le Poidevin, chief executive of Guernsey Finance, said: "It has been a very challenging week for the Channel Islands' investment community and there is still more work ahead, but these are very positive developments."

Commerce and Employment Minister Kevin Stewart said he was "reassured by the developments".

"I know that the CISX is working hard to ensure business has the certainty it needs, and they have the policy council's ongoing support in doing that."

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Guernsey

Weather

Guernsey Airport

Min. Night 12 °C

Features & Analysis

  • Martin Gardner as a young manThink hard

    Was this man the world's greatest puzzle master?


  • Carved pumpkinTrick or treat

    What did a riot at a pumpkin festival show about race in US?


  • A woman puts on a surgical mask during hospital Ebola training in Alabama.'Dark continent'

    Is prejudice fuelling Ebola outbreak hysteria in the US?


  • Oscar de la Renta and Oprah WinfreyIn pictures

    The life and work of Oscar de la Renta


Elsewhere on the BBC

  • FutureThe future is now

    Get the latest updates and biggest ideas from BBC Future’s World-Changing Ideas Summit

Programmes

  • Smart glassesClick Watch

    Smart spectacles go into battle – the prototypes looking to take on Google Glass

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.