The Barbados Stock Exchange Inc. (BSE) is pleased to announce that, effective September 29th, 2016, FGC Services Limited was duly registered as a Listing Sponsor in good standing of the International Securities Market (ISM). As a Listing Sponsor, FGC Services Limited is authorized to engage International Business Companies (IBCs), both domiciled in Barbados and abroad, which may be seeking a primary or secondary listing of securities. The Listing Sponsors primary role is to conduct the necessary due diligence on a company (Issuer) to ensure that it is fit and proper for listing on the ISM and act as liaison between the Issuer and the BSE. The Listing Sponsor is also responsible for ensuring that, once listed, the Issuer is in compliance with its continued obligations under the Rules of the ISM.
Nicola Berry, Director – FGC Services Limited, having received the approval letter issued by the Executive Committee of the ISM noted, “FGC Services Ltd. is pleased to be associated with the International Securities Market (“ISM”), and to be a part of another milestone for the Barbados Stock Exchange, an internationally recognized stock exchange, and Barbados. It is another option through which companies can structure and conduct their business from Barbados. We anticipate that the ISM will develop a strong reputation as a listing place for investment funds, equities and debt securities.”
Marlon Yarde – Managing Director of the BSE stated, “This is indeed an excellent accomplishment for the BSE, the ISM and Barbados as a whole. The approval of a second Listing Sponsor, in such rapid succession to the approval of the first, is testament to the fact that the investment in time, effort and resources of the BSE have not gone unnoticed. This demonstrates that practioners in the international financial services sector see value in what we have established and thus, have actively pursued becoming involved in ensuring the success of the ISM. The addition of FGC Services Limited to our core group of Listing Sponsors is definitely a step in the right direction and we trust that their involvement with the ISM will reap great rewards.” When asked about the short-term plans for the ISM he noted, “We will continue our efforts at the BSE as we wish to add at least three more Listing Sponsors to the ISM before the end of this year.”