It is part of the MERJ Group of Companies that also includes MERJ Clearing and Settlement Limited (MERJ CLEAR) and MERJ Depository and Registry Limited (MERJ DEP). Collectively, the MERJ Group Companies are licensed to operate and regulate the end to end infrastructure of the exchange. As the operator of a Regulated Market, MERJ fulfils the same function for the Seychelles securities markets as the London Stock Exchange in the United Kingdom, or the New York Stock Exchange in the United States.