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JOHANNESBURG STOCK EXCHANGE: PROPOSED AMENDMENTS TO LISTING, DEBT LISTING REQUIREMENTS
- 24 November 2023
- Financial Sector
- SA Legal Academy
The Financial Sector Conduct Authority has gazetted notices separately calling for input by 8 December 2023 on proposed amendments to the Johannesburg Stock Exchange (JSE) listing and debt listing requirements under sections 18, 19 and 23 of the Financial Markets Act, 2012.
The changes envisaged follow a review of the appropriateness and composition of section 19 equity requirements and are informed by a consultation process conducted in 2022. This is according to an explanatory memorandum on what is now being proposed.
Intended to simplify and facilitate the broader application of section 19 provisions (specialist securities), once finalised the amendments are expected to:
- make adding new types of instruments easier, and
- align listing requirements with ‘international best practice within the local regulatory framework’.
Please click the links below for more information:
- explanatory memorandum
- Government Gazette notice (listing requirements)
- draft amendments (proposing the deletion of existing section 19 requirements)
- consequential draft amendments to section 18 requirements
- consequential draft amendments to section 23 requirements, focusing on black economic empowerment
- Government Gazette notice (debt listing requirements)
- draft amendments (debt listing)
Published by SA Legal Academy Policy Watch