GUERNSEY HISTORY 

20th December 2013
Channel Islands Securities Exchange founded

Finance and tourism have long been Guernsey’s two largest industries, so it’s barely any surprise that Guernsey set up its own stock exchange on 20 December 2013.

Officially called The Channel Islands Securities Exchange Authority Limited, but operating as The International Stock Exchange Authority, it is headquartered in St Peter Port and has offices in Jersey and the Isle of Man. It lists companies based in Guernsey, Jersey and jurisdictions beyond the Channel Islands.

The Exchange came about when the Royal Court of Guernsey authorised the rebranding and relaunch of the Channel Islands Stock Exchange, which had been founded in March 1998 and opened seven months later. It had been closed to new members in October 2013 after historical “defects” were discovered in its structure, by which time it had more than 5000 companies on its list.

It re-opened to new members a few days later, and in December the BBC reported that “[t]he Guernsey Financial Services Commission, which was investigating [the stock exchange], would not release details of the problems, but it did confirm they were historical and did not relate to its current work.”

When it relaunched as the Channel Islands Securities Exchange, it had split apart the two halves of its business so that they could operate without any potential conflicts of interest.

Within its first five years, the Securities Exchange had attracted listings of more than 2,000 securities with a market capitalisation in excess of £300bn. One of the securities that it listed was itself.

Category: Guernsey History | Other events tagged ,

Check out The Sarnian’s email newsletter for Guernsey history, features, puzzles and pictures. It’s also the first place where you’ll find out about the Sarnian series of books, including sneak previews and discounts.

We will never sell your data to third parties, and there’s an unsubscribe link in every email, so you can leave whenever you like.

What else happened in Guernsey in December?

Guernsey history newsletter

Check out The Sarnian’s email newsletter for Guernsey history, features, puzzles and pictures. It’s also the first place where you’ll find out about the Sarnian series of books, including sneak previews and discounts.

We will never sell your data to third parties, and there’s an unsubscribe link in every email, so you can leave whenever you like.

* indicates required

The Sarnian

The Sarnian Book 1: Dead in the Water

A body on a beach, an impossible alibi and an unstoppable race against time!

Check out the first book in The Sarnian series, set on the Channel Island of Guernsey.

Click here to get your copy today…

February in Guernsey through the years…

Plans for the power station at St Sampson were approved

28th February 1903

A fugitive murderer committed suicide in St Peter Port

24th February 1911

Aurigny Air Services was founded by Derrick Bailey

19th February 1968

HMS Guernsey was launched in Aberdeen

17th February 1977

Typewriter artist Dom Sylvester Houedard was born

16th February 1924

Sarnian secrets

Sign up to The Sarnian's occasional newsletter for updates on your favourite characters and locations, to go behind the scenes on the writing process, and for early-bird discounts on every new book. We promise not to share your details with anyone else, and you can easily unsubscribe whenever you choose.
* indicates required

Search the archiveWarning