ABOUT THE BSX

The Bermuda Stock Exchange (BSX) was established in 1971 and is now the leading electronic offshore securities market. The BSX specialises in listing and trading capital market instruments such as debt issues, derivatives, equities, funds, hedge funds and insurance linked securities.

The BSX has more than 1300 listed securities on its Official List with a total market value of more than $330 billion.

BSX Global Designations

  • Recognised Investment Exchange Bermuda Monetary Authority

  • Designated Offshore Securities Market U.S. Securities and Exchange Commission

  • Designated Investment Exchange UK Financial Conduct Authority

  • Recognised Stock Exchange UK HM Revenue and Customs

  • Designated Stock Exchange Income Tax Act (Canada)

  • Approved Stock Exchange Australian Foreign Investment Funds Taxation Rules

  • Registered Organization London Stock Exchange

  • Recognised Stock Exchange Revenue Irish Tax and Customs

Benefits of a BSX Listing

  • Securities listed on the BSX are available to investors who may be restricted to investing in publicly listed securities only

  • Bonds listed on the BSX may benefit from the Quoted Eurobond Exemption with interest payments exempt from the obligation to pay withholding taxes in certain jurisdictions

  • The BSX is not subject to European Union Listing Directives and therefore provides greater flexibility to issuers---e.g. with respect to prospectus dissemination

  • The BSX is supported by a fully electronic Nasdaq licensed trading and settlement platform for trading in an issuer’s securities

  • BSX listing and trading information is available real time on Bloomberg

  • The cost of listing on the BSX is highly competitive with other major and offshore exchanges

  • The BSX listing process is simple and straightforward enabling speed to market

  • BSX listing requirements are well-defined and the listing process is standardized

  • The BSX listing process allows for confidentiality protections with respect to issuer requirements for confidentiality

  • Bermuda and the BSX are optimally located between the Americas and Europe, offering same day, real time access to each.