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

  • Competitive fees
  • Experienced team 
  • Flexible approach
  • Guaranteed timelines

 

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 Fees for Investment Funds from 1 April 2024

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

 

Regulations and Guidelines

 

Announcements and Forms

 

Templates

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

 


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