Board notices issued under section 11(6)(c), Financial markets act, 2012.
Follows RSA JSE May 2023 proposed reforms to listings framework, see #137732.
Amendments
Explanatory memorandum sets out on amendments to JSE debt listings requirements (Debt requirements): Introduction of Section 19 – Specialist Securities.
As part of review process, JSE made decision to remove Section 19 from the JSE listings requirements (equity requirements) and to combine the provisions dealing with specialist securities, with the JSE debt listing requirements (debt requirements).
Debt requirements now include specialist securities; combined listings will now be known as the debt and specialist securities listings requirements (DSS requirements).
Equity requirements now limited to equity securities, and DDS requirements will focus on debt securities and specialist securities; all references to debt listings requirements in debt requirements, will be amended globally to refer to DSS requirements.
Added new section setting out listings requirements re listing on the BEE Segment.
Depositary receipt has been moved from current Section 19 to a more appropriate section, i.e. Section 18, dual listings and listings by external companies.
Interested persons who have any objections to proposed amendments invited to lodge objections with RSA FSCA within a fourteen days of notice publication.
Effectiveness
Comments must be submitted by Dec. 8, 2023.
Oct. 2024 Amendments Approved
On Oct. 11, 2024, RSA FCSA published board notice 675 and board notice 676 in official gazette on approved amendments, re section 19 rejuvenation project.
Published updated listing requirements section 4, conditions for listing.
