New regulations which will make listing on the Bermuda Stock Exchange easier and clearer were introduced this week.

The BSX said the new regulations updated exchange rules for its members and standardised the wording of listings.

The 'Millennium Edition - Domestic and International Listing Regulations' marks the fourth time listing regulations have been changed since being introduced in 1995.

According to the exchange, the most significant change is the introduction of a new section, Section VI, in the International Regulations, which has been designed to attract the listing of derivative warrants, a new market niche for the BSX.

BSX listings and compliance manager James McKirdy said: "The changes made in the fourth edition reflect input provided by members of the exchange and listed issuers over an extended consultancy period and experience garnered by the listings and compliance department during the last several years.

"The 'Millennium Edition' standardises the wording across the wide range of products available for listing on the exchange. Additionally, certain points have been better defined, expanded upon or clarified." Other changes include a streamlining of the prospectus requirements for secondary listings of International Equity Securities (Section III). Under the new regulations issuers may submit their latest audited financial statements in lieu of a prospectus.

The exchange has also formalised the waiver for disclosure requirements, as previously granted by the listings committee on an ad hoc basis, for restricted market collective investment vehicles, as defined in Section IV, in respect to the disclosure of investments and shareholder holdings.

The regulations are available on the BSX's website www.bsx.com.