The European Wholesale Securities Market

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

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

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.

• 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.