Do Investment Funds that are listed on the DCSX need authorization from Curacao regulatory authorities?
Investment Funds that are listed on the DCSX do not need to obtain authorization from any regulatory authorities as a result of a DCSX listing. Foreign investment funds that are in compliance with regulations in their home jurisdiction do not require any additional authorizations. Curacao investment funds fall under the scope of the National Ordinance on the Supervision of Investment Institutions and Administrators (the “NOSIIA”) and must therefore comply with the provisions or exemptions as outlined in the Central Bank of Curaçao and Sint Maarten’ Policy Guidelines for Foreign Investment Institutions.
Foreign Investment Funds that are traded on the DCSX will be considered to be raising capital from Curacao which falls under the scope of the NOSIIA. As such, Foreign Investment Funds must comply with the provisions of the NOSIIA or must file an exemption request. Conditions for exemption requests are outlined in the Guidelines for Foreign Investment Institutions and include a “sophisticated investor” exemption where the minimum investment amount is US$50,000 or greater.
If you are interested we can provide you with a copy of a writing by the Central Bank of Curacao and St. Maarten in this respect.
What are the requirements to apply for a listing on the DCSX?
Requirements are outlined under “Listing Requirements” in the dropdown menu under the Listing Tab on our website where you also find the Listing Fees. For downloads of the relevant memo’s you can go to About DCSX/All Downloads” where you find these requirements divided into the three categories: Funds, Equity and Bonds.
What is the first step in applying for a listing?
When considering a listing on the DCSX you should first select and contact a DCSX Listing Advisor. DCSX approved Listing Advisors appear on the DCSX website by clicking on the “Participants Tab”. There you find not only the approved Listing Advisor logos and contact details but also information on the Role of a Listing Advisor and the Requirements to become a Listing Advisor.
Do I need to undertake a fundraising program when my company lists with the DCSX?
No, companies that list on the DCSX are not required to raise funds at the same time of the listing. This reflects the fact that companies can list on the DCSX for a variety of reasons. Some list in order to get a clearer valuation a/o tranparancy for their company or to raise their profile with potential future investors, customers, suppliers and the media.
Others may already have a strong balance sheet, and want to attract additional capital thru an issue of securities at some future point after having first only been listed on the DCSX.
Your Listing Advisor will advise you on fundraising, and on the most appropriate methods of promoting your company's securities to the investment community. They will also be able to provide assistance in pricing your securities.
Can you recommend a Listing Advisor or Broker?
For reasons of independence, we are unable to recommend individual Listing Advisor/ Broker firms - however, to begin your selection, you can search for listing advisors and brokers which appear on the DCSX website under the “Participants Tab”.
What are the benefits of a DCSX listing?
The DCSX offers especially smaller growing companies from all countries and throughout all sectors all the benefits of being traded on a world-class public market within a regulatory environment designed specifically for them. The DCSX is a flexible market with a simple admission process that allows more companies to experience life as a public company, and to capitalize on the resulting benefits for their businesses.
We're not based in Curacao. Is that a problem if we want to list on the DCSX?
Being based outside Curacao is no problem at all. The DCSX presents a particularly flexible and highly accessible environment for all international companies. You do not need to be incorporated in Curacao.