The European Wholesale Securities Market

Listing wholesale debt securities on a highly reputable, EU regulated market

The European Wholesale Securities Market


Malta enjoys a stable political climate and a bi-partisan political scene that is largely convergent on issues of national and economic importance. Malta and Germany were the only two states in the Euro Zone maintaining economic growth during the financial crisis. Malta’s banks have been ranked amongst the soundest in the world. Malta has been a member of the EU since 2004 and of the Schengen Area since 2007.

The European Wholesale Securities Market (EWSM) offers a niche platform for the trading of wholesale securities on a highly reputable, European, regulated market. The EWSM is a joint venture between the Malta Stock Exchange and the Irish Stock Exchange and is authorised and regulated by the Malta Financial Services Authority (MFSA). Listing on the EWSM offers the benefit of competitive listing options with access to all other European Member State markets.





Country Highlights

GDP GROWTH: 6.3% in 2015 (EC) EUROPEAN UNION: Member of the EU & Eurozone
REGULATOR: Malta Financial Services Authority UNEMPLOYMENT RATE: 5.8% in 2015 (EC), lowest in the EU
WORKFORCE: Well qualified, English speaking BANKING SYSTEM: 10th soundest system in the world (WEF)
TIME ZONE: Central European Time Zone (UTC+01:00) FINANCIAL SERVICES FRAMEWORK: EU and OECD approved


Legal Basis

Listing on the EWSM is regulated by the Financial Markets Act (2002), which was amended in 2007 to take into account EU reforms. The MFSA is the competent Listing Authority. It delegates certain functions and powers for admissibility and monitoring of continuing obligations of issuers to the EWSM Listing Committee.

The EWSM guarantees review turnaround times enabling applicants to plan their listing with certainty. It delivers a seamless listing process and is committed to being approachable and responsive to market participants. EWSM is also a recognised market for the purpose of exemptions on withholding tax.


Benefits

  • Provide applicants with EU Passpor;
  • Tax Exemption;
  • Diversified investments portfolios;
  • Publicity and Credibility;
  • Simple and transparent pricing;
  • Debt securities oriented market.


Eligibility

  • The denomination per unit must be at least €1 million;
  • Applicant should be an incorporated co./established entity;
  • M&A or constitution document in conformity to Listing Rules;
  • Securities must be freely transferable;
  • Willing to publish the annual report upon approval.


Process & Timeline




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Key Contacts

Mr Nicholas Warren

Senior Manager, Financial Services
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