Good 360
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Social Innovation

Impact Investing Exchange Board Launched


Wednesday, 15th June 2011 at 2:40 pm
Staff Reporter
The world’s first social enterprise investing exchange board has been launched for qualified social and environmental organisations and impact investment funds wanting a listing in public capital markets.

Wednesday, 15th June 2011
at 2:40 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Impact Investing Exchange Board Launched
Wednesday, 15th June 2011 at 2:40 pm

The world’s first social enterprise investing exchange board has been launched for listing by qualified social and environmental organisations and impact investment funds wanting a listing in public capital markets.

The Stock Exchange of Mauritius (SEM) and social enterprise NeXii have received formal regulatory approval of the listing and trading rules for the investment exchange board – to be known as iX – from Mauritius’s Financial Services Commission.

SEM has established the iX in collaboration with NeXii, a social enterprise in Africa and a solid track record of performance and contribution in the field of impact investing.

Tamzin Ractliffe, CEO of NeXii, says NeXii’s mission is to make impact investing a reality at scale by radically improving the systems for trust, transparency, credibility and comparability across impact investment options.

Ratcliffe says the iX represents an important breakthrough in facilitating the flow of capital to deliver effective solutions to global social and environmental challenges, whilst protecting mission.

He says this is a critical turning point for the sector and could help other similar initiatives seeking to progress – hopefully on the basis of mutual recognition, comparability and consistency in listing rules and reporting obligations.

In a statement, the team leading iX says multi-currency trading and settlement abilities in US Dollars, Euros or British Pounds reduced currency risk, whilst SEM’s live presence on all major international data vendors – including Bloomberg, Thompson Reuters, Financials Times, Factset and Inet Bridge – provided significant global access for listed companies and investors.

The iX says it aims to add ‘mission protection for impact purpose initiatives’ through world-class rules and regulations and efficient trading, clearing and settlement systems that promote the principles of market integrity, investor protection and efficient price discovery.

The iX was launched ahead of the first Social Capital Markets (SOCAP) Europe Conference, on the site in Amsterdam where the first stock was traded on a capital market in 1602.

SEM is a full member of the World Federation of Exchanges, a recognised Stock Exchange by Her Majesty’s Revenue and Customs in the UK, and an Approved Stock Exchange by the Cayman Islands Monetary Authority.

Visit the NeXii website for more information: http://nexii.com/



FEATURED SUPPLIERS


NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

...


HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Job Creation Facilitated Through Social Enterprise Procurement

Luke Michael

Thursday, 9th November 2017 at 2:23 pm

Social Enterprise Rallies Army of Burrito Lovers to Fight World Hunger

Wendy Williams

Wednesday, 1st November 2017 at 8:53 am

‘Helping a Sister’ Restore Dignity

Wendy Williams

Wednesday, 1st November 2017 at 8:16 am

Online Reporting Tool For Social Enterprises

Lina Caneva

Friday, 27th October 2017 at 12:14 pm

POPULAR

Red Cross Moves to Wage-Based Fundraising Model

Lina Caneva

Thursday, 16th November 2017 at 8:30 am

Concerns Raised Over New ACNC Board Appointments

Luke Michael

Monday, 20th November 2017 at 2:28 pm

Disability Advocacy Group Fights to Restore State Funding

Luke Michael

Thursday, 9th November 2017 at 8:37 am

New Same-Sex Marriage Bill Looks to Protect Faith-Based Charities

Luke Michael

Monday, 13th November 2017 at 5:25 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Good 360
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!