The PLUS market, operated by the PLUS Market Group has been granted Recognised Investment Exchange (RIE) status by the Financial Services Authority (FSA). PLUS has demonstrated to the FSA that it can satisfy the high regulatory standards required to become an RIE which will only improve the market's status and reputation.
The market’s new status means PLUS has exactly the same rights and privileges as other recognised exchanges in the UK and Europe with immediate effect.
For PLUS-quoted companies, the tax status and regulatory framework will remain unchanged.
The approved status of PLUS as an RIE comes at an exciting time for the market as it continues to develop into a fully competitive cash equity exchange, offering cost effective access to the extensive fundraising opportunities available in London.
This approval is vital for PLUS as it looks to attract institutional investors, as many large institutions can only invest in shares through a market operated by an RIE. The new PLUS-listed market (an EU Regulated Market for listed securities) also provides growing PLUS-quoted companies the opportunity to move up to become PLUS-listed to enhance its profile and investment opportunities.
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