Wednesday April 12 2017
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: Channel Islands
Link: http://www.tisegroup.com/about/news-press/tise-gains-recognition-from-german-regulator-bafin/
The International Stock Exchange (TISE) has received recognition from the German Federal Financial Supervisory Authority, BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht).
The recognition means that German funds established under the European Union’s Undertakings for Collective Investment in Transferable Securities (UCITS) Directive can now invest into securities listed on TISE.
The application to BaFin was supported by the German Investment Funds Association, BVI (Bundesverband Investment und Asset Management).
Click on the link above for further details.