Spike In LSE Entities Based Here
Bermuda is home to the fourth largest number of non-UK entities listed on the London Stock Exchange [LSE] than any other jurisdiction globally, according to figures from the market authority.
LSE data shows that at the end of December 2011 there were 45 Bermuda-incorporated entities listed on either the Main Market, the Alternative Investment Market, the Specialist Fund Market or as “Trading Only”.
This is almost as many as are incorporated in the US [47] and more than such major economic powers as Russia [33], India [31], Australia [26], South Africa [11], Germany [7], China [5] and France [4]. It was also ahead of competitor offshore financial centres as the British Virgin Islands [39], Luxembourg [14] and Gibraltar [4] and tied with Cayman. However, Bermuda trails behind Guernsey [108], Jersey [69], Ireland [57] and the Isle of Man [53],
Guernsey also leads the way in terms of new entities listed on the LSE markets during last year, with 12 added by both Guernsey and Jersey during 2011. This is followed by the Isle of Man and Russia [both 7] and Australia and Cayman [both five].
