The Irish Stock Exchange has become a publicly limited company after a change in its corporate structure.

The new PLC will take control of the same services as the previously limited entity, while all staff of ISE Ltd will now be employed by ISE plc.

The company said it had gotten approval from the Central Bank, which continues to be its regulator, while it also worked with the Department of Jobs, Enterprise and Innovation as part of the change in structure.

ISE chief executive Deirdre Somers said the change would bring them “more in line with corporate norms” and would allow for “greater flexibility for our future development”.