Our regulatory standards

Your investments are in safe hands with our regulated commercial real estate stock exchange. Working to the highest industry standards, we are regulated by the Financial Conduct Authority (FCA).

Acknowledged as a Recognised Investment Exchange (RIE)

IPSX has been approved by the Financial Conduct Authority (FCA) in the UK as a Recognised Investment Exchange (RIE) since 8 January 2019. It is therefore included in the Financial Services Register, in the list of RIEs, alongside the five other exchanges which currently hold FCA recognition. See Recognised Investment Exchanges (fca.org.uk).

Operating two markets

IPSX operates IPSX Prime, which is a Regulated Market, and IPSX Wholesale, a Multilateral Trading Facility (MTF). As a result, IPSX is included in the list of Regulated Markets in the Financial Services Register Regulated Markets (fca.org.uk), while IPSX Wholesale is included in the DRSP, MTF, OTF and SI list in the Financial Services Register. See Other Registers (fca.org.uk).

Meets MiFD transparency requirements

The European Securities and Markets Authority (ESMA) have positively assessed IPSX and included it in their list of third-country trading venues in relation to post-trade transparency under the Markets in Financial Instruments Directive (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR). See Assessment of third-country venues under MiFID II and MiFIR (europa.eu).

HMRC Recognised Stock Exchange

IPSX is also included in the listed of Designated Recognised Stock Exchanges maintained by HM Revenue & Customs (HMRC) for the purposes of section 1005 of the Income Tax Act 2007. See Designated recognised stock exchanges – GOV.UK (www.gov.uk).