Irish Stock Exchange - Regulatory Activities

Regulatory area	Regulatory activity
Listing and the Main Securities Market	Monitoring issuers’ compliance with the Listing Rules, the Investment Funds Code and the Admission to Trading Rules, both at the time of the application for the admission of securities to listing and trading on the MSM, and on an on-going basis.
Listing and the Global Exchange Market	Monitoring issuers’ compliance with the GEM Rules, both at the time of the application for the admission of securities to listing and trading on the GEM, and on an on-going basis.
Enterprise Securities Market	Monitoring issuers’ compliance with the ESM Rules, both at the time of the application for the admission of securities to trading on the ESM, and on an on-going basis. The ISE has an obligation under Part V of the Companies Act 1990 to investigate and report insider dealing to the Director of Corporate Enforcement in relation to Irish companies admitted to the ISE’s ESM and GEM markets.
Member firms and registered traders	Monitoring member firms and registered traders’ compliance with the Rules of the ISE.
Registered sponsors / ESM advisers	Reviewing applications for admission of sponsors and ESM Advisers to the relevant ISE registers, and monitoring their compliance with the relevant rule books on an on-going basis.
Market trading activity under MiFID	Monitoring transactions undertaken by market participants to identify: Breaches of the Rules of the ISE; Disorderly trading conduct; and Conduct that may involve market abuse.
Market abuse under the Market Abuse (Directive 2003/6/EC) Regulations	The ISE has an obligation to report suspected market abuse on its regulated market, the Main Securities Market, to the Central Bank of Ireland.