Seychelles Securities Exchange (Trop-X)

Exchange entity Seychelles Securities Exchange (Trop-X)
Conducts business in Seychelles
Number of listed companies (Source: Trop-X, May/17)   10
Domestic market capitalization (USD Million, Source: WFE, Dec./16) 8.4
Has signed the SSE Commitment Letter? Yes
Has prepared SSE Communication to Stakeholders? No
Requires ESG reporting as a listing rule? Yes
  • Requires comply or explain (source)
Offers written guidance on ESG reporting? No, but has committed to publishing a guidance.
Offers ESG related training? No
Provides sustainability-related indices? No
Has green bond listings? No
Additional Information
  • The board and management of Trop-X view corporate social responsibility as a key business objective. Responsible business is embedded within the Company’s Strategy and is supported across the business. Clear governance structures and visible leadership play a vital role in embedding corporate responsibility throughout the Company. In order to practically facilitate corporate social responsibility, the Trop-X Foundation supports programs intended to build educational capacity in the financial services industry. The foundation will ensure a continued and structured commitment to improving knowledge and opportunities in the local community. (Source)
Organizational model of stock exchange
  • Trop-X (Seychelles) Limited is part of the Quote Africa group of companies which includes Trop-X Limited (licensed Seychelles Securities Exchange), AfriClear Limited (Seychelles Clearing Agency) and AfriDep (Seychelles Securities Facility.  The exchange went live in August of 2013 with the launch of the Equities Markets.
Regulatory bodies
Regulatory model
About the stock exchange
Ownership of Exchange (Shares >4% only) Share