In March 2018, the Irish Stock Exchange plc was acquired by Euronext. The Irish Stock Exchange plc joined Euronext’s federal model, and operates under the business name of Euronext Dublin, with Ireland becoming one of the six core countries of Euronext. Euronext is the leading pan-European exchange in the Eurozone, spanning Belgium, France, Ireland, The Netherlands, Portugal, Italy, Norway, Greece and the UK. Euronext’s mission is to power pan-European capital markets to finance the real economy. It brings together buyers and sellers in venues that are transparent, efficient and reliable. Euronext Dublin, by virtue of its specialist debt securities listing regime and pragmatic approach, has become one of the principal stock exchanges on which to list debt securities. This Practice Note examines: • the key reasons for listing debt securities • the structure of Euronext Dublin and the regulatory framework governing the listing of debt securities • the requirements for admission of debt securities to trading on Euronext Dublin • the application procedures for listing debt securities on Euronext Dublin,

In March 2018, the Irish Stock Exchange plc was acquired by Euronext. The Irish Stock Exchange plc joined Euronext’s federal model, and operates under the business name of Euronext Dublin, with Ireland becoming one of the six core countries of Euronext. Euronext is the leading pan-European exchange in the Eurozone, spanning Belgium, France, Ireland, The Netherlands, Portugal and the UK. Euronext’s mission is to power pan-European capital markets to finance the real economy. It brings together buyers and sellers in venues that are transparent, efficient and reliable. What are the rules applicable to listing debt securities on Euronext Dublin? Euronext Dublin—EU Regulated Market The Central Bank of Ireland (CBI) is the competent authority for the review and approval of a prospectus (Prospectus) for the purposes of the Prospectus Regulation (EU) 2017/1129 (PR). The PR sets out the relevant annex items to be applied to a prospectus depending on the nature of the issuer and the transaction. The European Union (Prospectus) Regulations 2019 (the Irish Regulations) came into effect on 21 July 2019 and replaced

This flowchart assumes that the issuer: • has listed debt securities before, and • is

This flowchart illustrates the process of listing and admitting debt securities to trading on the Main Market of the London Stock Exchange (LSE). It covers the admission of securities to the Official

What does this Practice Note cover? This Practice Note provides an overview of certain requirements applicable to the listing of debt securities on the Luxembourg Stock Exchange (LuxSE). It is not an exhaustive advice and it does not address aspects related to public offers of securities in Luxembourg. Listing debt securities on the LuxSE is a five-step process, from selecting a market to effective listing of securities. Step 1—Choice of a market and eligible debt securities LuxSE market structure The LuxSE operates two different markets for trading of securities: • the EU-regulated market, designated as the ‘Luxembourg Stock Exchange’ (Bourse de Luxembourg) (Regulated Market), and • the multilateral trading facility designated as the ‘Euro MTF’ (Euro MTF) The Regulated Market is a regulated market within the meaning of Directive 2014/65/EU of 15 May 2014 on markets in financial instruments, as amended (MiFID II). This market is included on the European Commission’s list of regulated markets and offers the possibility of a European passport. The

What does this Practice Note cover? The U.S. New York Stock Exchange (the NYSE or the Exchange) is the largest stock exchange in the world in terms of market capitalisation. The NYSE was first formed in 1792 and is located in New York City. This Practice Note examines the regulatory and procedural requirements for listing debt securities on the NYSE. Reasons for listing debt securities Listing of debt securities is usually carried out to gain access to a wider group of investors or to satisfy market practices and expectations in the jurisdictions in which an offering of the debt securities is being made. Many investors have investment criteria stipulating that they will only invest in listed securities. This gives investors a degree of comfort regarding disclosure and governance obligations. The resulting higher status and greater liquidity of listed securities enables the investors to exit their positions more easily if necessary. Listing rules The NYSE Listed Company Manual sets out the policies, practices and procedures for listing on

What does this Practice Note cover? This Practice Note provides an overview of the listing options available on The International Stock Exchange (TISE), with a particular focus on its Qualified Investor Bond Market (QIBM), fast-track listing services, international recognitions, regulatory positioning, and sustainable finance segment. It outlines the types of debt securities that can be listed, the benefits of listing on TISE, and the practical considerations for issuers, including timing and disclosure requirements. TISE caters for the listing of a range of debt securities, including intragroup loan notes, high-yield bonds, asset-backed notes (including securitisations and collateralised loan obligations), variable funding notes, convertible notes, Eurobonds and warrants. TISE's offering includes the QIBM which is dedicated to listing bonds and other forms of debt security offered to institutional investors, professional investors, and other investors experienced and knowledgeable in investing in bonds (who are 'Qualified Investors' as defined in the Qualified Investor Bond Market Listing Rules). TISE also offers a TISE Passport option, a pan-European, fast-track listing service available for debt security

This flowchart outlines the key steps and regulatory considerations involved in listing debt securities on the Qualified Investor Bond Market (QIBM) of The International

ARCHIVED: This Practice Note has been archived and is not maintained. STOP PRESS: A significant restructuring of the UK listing regime came into effect on 29 July 2024 which included the removal of the premium and standard listing segments and the creation of a single listing category for equity shares in commercial companies. The commercial companies category is heavily disclosure-based and sits alongside other listing categories such as the shell companies, secondary listing and closed ended investment fund categories.  A new UK Listing Rules sourcebook came into force to implement the changes and the previous Listing Rules sourcebook was revoked. For further information see Practice Note: Reform of the UK listing regime—fundamentals. This Practice Note reflects the listing regime prior to 29 July 2024. This Practice Note relates to the admission of depositary receipts, commonly referred to as global depositary receipts (GDRs), to listing on the Official List of the Financial Conduct Authority (FCA) and to trading on the main market for listed securities of the London Stock Exchange (Main Market)

The document required to be published by the FCA under the Listing Rules in relation to the admission of certain types of securities to the Official List where a prospectus is not required by the UK Prospectus Regulation. See Chapter 4 of the Listing Rules and section 79(2) of FSMA 2000.

ARCHIVED: This checklist compares the listing requirements and key continuing obligations that previously applied to a commercial company with a listing of equity securities on the premium and standard listing segments prior to 29 July 2024. It is not maintained and is for background information only. A significant restructuring of the UK listing regime came into effect on 29 July 2024 which included the removal of the premium and standard listing segments and the creation of a single listing category for equity shares in commercial companies. The commercial companies category is heavily disclosure-based and sits alongside other listing categories such as the shell companies, secondary listing and closed ended investment fund categories.  The UK Listing Rules sourcebook came into force to implement the changes and the Listing Rules sourcebook was revoked. For further information see Practice Note: Reform of the UK listing regime—fundamentals. This checklist reflects the listing regime prior to 29 July 2024 and has been retained for reference purposes. For a summary of the eligibility

Literal construction (or interpretation) prioritises the 'literal', 'plain' or 'ordinary', meaning of words.