The ISE has amended the Listing Rules with effect from 12 December 2011 to reflect the ending of its role of approving prospectuses on behalf of the Central Bank. The changes set out the new procedures for making a listing application and have modified some outdated sections. Chapter 14 of the Listing Rules has also been updated to reflect previously notified changes to the rules for closed ended funds.

Upon implementation of the Prospectus Directive in Ireland, the Central Bank delegated the task of approving prospectuses to the ISE. The delegation of this task ended on 12 December 2011 and prospectuses must now be submitted to the Central Bank for review against the requirements of the Prospectus Directive. The ISE remains responsible for ensuring compliance by issuers with the Listing Rules and so prospectuses must be submitted to the ISE to review compliance with the conditions for listing.

Updated copies of the Listing Rules are available from the ISE.

Contributed by Susanne McMenamin.

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