The exchange, which was wound up last Christmas, and has been replaced by a new model Channel Islands Securities Exchange, was being investigated by the Guernsey Financial Services Commission in relation to transactions with the range of Arch Cru funds, cells of which were listed on the CISX.
The long-running saga led to the resignation of Peter Harwood as chief minister after Private Eye highlighted his conflict of interest as a long-serving chairman of the GFSC and a non-executive director of the CISX.
Speaking yesterday, Deputy Harwood said he was pleased the review had concluded.
'I'm somewhat disappointed that it has taken so long, but the commission needed time to complete its work,' he said.
'There was never any suggestion of wrongdoing on the part of the CISX, the investigation was into the process and procedures.'
Despite being cleared of any wrongdoing by the commission, Deputy Harwood maintained he made the right decision to resign.
