Law and Practice
Contributed By Walkers
Authors
Walkers is a global firm with ten substantive offices around the world. Its transactions often involve Cayman Islands, British Virgin Islands, Bermuda, Jersey and/or Guernsey legal matters, and it provides an integrated service to clients across its offices, legal systems and time zones. The finance and capital markets group in Ireland comprises a team of 23, including two listing agents. The group also includes four tax-advisers (including two tax partners) who support a number of practice areas and 16 dedicated capital markets fee-earners who spend the vast majority of their time advising on debt capital markets activity. In addition, the team works with asset finance, corporate, real estate and investment funds teams on multi-disciplinary, cross-border mandates. It is one of the largest dedicated debt capital markets teams in Ireland. The firm was a founding member of the Irish Debt Securities Association (IDSA) and sits on the Executive Council and Legal, Tax, CSP and Listing Sub-committees.
1. Debt Markets/Exchanges
1.4 Regulatory Bodies
Euronext Listed Securities
The Central Bank of Ireland (the "CBI") is the competent authority for the purposes of Directive 2003/71/EC (as amended) (the “Prospectus Directive”), Directive 2004/109/EC (the "Transparency Directive"), the Market Abuse Regulation (Regulation EU 596/2014) ( "MAR") and the Market Abuse Directive on criminal sanctions for market abuse (Directive 2014/57/EU) in Ireland. A prospectus must be approved by the CBI in advance of debt securities being listed on Euronext. Euronext Dublin must also be satisfied that the conditions for listing, as set out in the Euronext Dublin Listing Rules (the "Euronext Rules"), have been met before it will list debt securities and admit them to trading on Euronext.
GEM Listed Securities
Euronext Dublin is the competent authority for the review, approval, listing and admission to trading of securities listed on the GEM. The CBI remains the competent authority for the purposes of MAR.
Walkers Global
The Exchange,
George's Dock, IFSC,
Dublin 1,
Ireland
+353 1 470 6600
+353 1 470 6601
info@walkersglobal.com www.walkersglobal.com
Authors
Walkers is a global firm with ten substantive offices around the world. Its transactions often involve Cayman Islands, British Virgin Islands, Bermuda, Jersey and/or Guernsey legal matters, and it provides an integrated service to clients across its offices, legal systems and time zones. The finance and capital markets group in Ireland comprises a team of 23, including two listing agents. The group also includes four tax-advisers (including two tax partners) who support a number of practice areas and 16 dedicated capital markets fee-earners who spend the vast majority of their time advising on debt capital markets activity. In addition, the team works with asset finance, corporate, real estate and investment funds teams on multi-disciplinary, cross-border mandates. It is one of the largest dedicated debt capital markets teams in Ireland. The firm was a founding member of the Irish Debt Securities Association (IDSA) and sits on the Executive Council and Legal, Tax, CSP and Listing Sub-committees.
