The Bermuda Stock Exchange (BSX) is uniquely positioned to provide issuers of domestic and international investment funds domiciled in all major international fund centres, an affordable, well-regulated and transparent listing venue.  We offer a pragmatic, solutions-focused approach to listing from an unrivaled location offering a commerical advantage for same-day, real-time access to markets in the Americas and Europe.

 

The BSX lists retail investment funds (at least 25% must be available to the public) and investment fund that are restriced to qualified investors.

 

Why List on the BSX

 

How to List

  • Compile and submit key documents (may be in draft form)
  • The BSX will review the application and if deemed fit and proper, provide approval in principle
  • Submit final documents to BSX
  • Approval and admission to listing

 

Key Listing Documents (see listing regulations for more details)

  • Letter of application
  • Offering/prospectus document and BSX wrapper (if applicable)
  • Constitutional documents
  • Relevant financial information (3 years audited accounts required for retail funds. If available for other investment funds.)
  • Document(s) of title relevant to the issue
  • Corporate resolutions
  • Relevant contracts
  • Directors' undertaking and KYC
  • Issuer's undertaking
  • Sponsor's undertaking

 

Fees (all fees quoted in US$)

Listing Fee Schedule

Fee calculator for ILS, Debt and CLOs (including discount option)

    INITIAL  ANNUAL
Listing Fee Stand-alone entity/1 share class $2,500 $3,000
  Entity with 2 share classes $5,000 $4,800
  Entity with 3 share classes $6,000 $6,000
  Entity with 4 - 10 share classes $6,000 $7,200
  Entity with 11+ share classes (per class) $600 $800
       
Account Service Fee* Stand-alone entity/1 share class   $300
  Entity with 2 share classes   $500
  Entity with 3 share classes   $600
  Entity with 4 - 10 share classes   $800
  Entity with 11+ share classes (all)   $1,000

 

*Please see Listing Fee Schedule for further information

 

Listing Funds on the BSX Brochure

 

Regulations and Guidelines

 

Announcements and Forms

 

Templates

     The following templates are provided to assist issuers in making regulatory announcements

 


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