WORLD STOCK EXCHANGES
A Practical Guide
Consulting Editor: Hugh Maule
ISBN: 978 1 78742 144 8
GLOBE LAW AND BUSINESS LTD
AN EFFICIENT AND AUTHORITATIVE GUIDE TO THE WORLD’S MAJOR STOCK EXCHANGES — NOW IN A NEW EDITION
An appreciation by Elizabeth Robson Taylor of Richmond Green Chambers and Phillip Taylor MBE, Head of Chambers and Reviews Editor, “The Barrister”
For companies seeking a listing on a stock exchange in order to acquire a relatively reliable source of working capital, this book from Globe Law and Business, with its global perspective, is quite a find.
Now in a new second edition, it functions as an information rich, efficient and authoritative guide to the world’s major stock exchanges, from Australia, to the UK and the United States. Editor Hugh Maule, who also writes the two chapters
on the London Stock Exchange, has assigned a team of some twenty-three expert contributors to the task, most holding senior positions in some of the world’s top law firms.
Each offers the benefit of special expertise, as well as local knowledge of the area in which each stock exchange is based.
Besides the Australian Securities Exchange (ASX), the London Stock Exchange (plus AIM), plus the New York Stock Exchange (plus Nasdaq) already referred to, there are quite a few more based in — and here’s the list — Canada, China, France, Germany, Hong Kong, India, Japan, The Netherlands, Singapore, South Africa, South Korea, Spain and the United Arab Emirates (UAE).
This is a by no means exhaustive list. There are a lot more, mainly smaller, exchanges. But those featured in this guide are the most prominent, thereby enabling companies and their advisers to compare off the merits of each.
Fortunately for the time-poor reader, this guide is logically organised and convenient to use. Most chapters open with an overview or introduction, proceeding from there to an often detailed and certainly informative analysis of the salient facts pertaining to each exchange, including a summary its history and background.
Typically, each chapter will discuss such areas as the legislative/regulatory framework and the principal requirements by which a company can obtain a listing. These include eligibility requirements, details of documentation and other matters such as financial information, corporate governance and much more, notably the complex web of procedures needed to secure a flotation.
‘Stock markets around the world provide a vital function in the overall fabric of business and society,’ says Hugh Maule, ‘providing the structure for the investment needs and requirements for pension funds, insurance funds and other investment businesses as well as retail investors with those companies who seek and maintain a listing of their shares.’
‘This book provides authoritative assistance,’ he adds, ‘in the understanding of how these stock markets work.’ And, indeed, it does. If you called the book a comparison site in print of world stock exchanges, you wouldn’t be too far wrong.
As well as lawyers and accountants, bankers, brokers and certainly financial advisers will find this book indispensable. But note the word of caution from the publishers that legal advice should be sought before taking any action based on the information provided.
The date of publication is cited as at 8th November 2018.