As part of its ongoing efforts to create an enabling listing environment and attract both local and international listings, the Johannesburg Stock Exchange will be reviewing all its listing requirements with the objective of further simplifying its requirements

The Simplification Project aims to simplify the Listings Requirements using plain language to record concise regulatory objectives, allowing better understanding and application of the requirements by listed companies, sponsors, investors.

An additional benefit of the simplification will be the significant reduction in the volume of the Listings Requirements. During the process, the JSE will also assess the regulatory relevance of each provision and ‘cut red tape’ where possible to ensure that the Listings Requirements are fit for purpose aimed at an effective and appropriate level of regulation. To this end, any amendments beyond simplification will be clearly identified and the rationale explained.

“As we continue to create this enabling listing environment, a core component of the Simplification Project is to maintain the level of regulation and transparency in disclosure that the South African financial markets have grown accustomed to,” says Andre Visser, Director of Issuer Regulation at the JSE.

The JSE envisages the process to be completed during a period of between 12-18 months, through a staggered and open consultation process. The JSE has released its first four simplified sections.  Details of the consultation process and simplified sections can be viewed here: https://www.jse.co.za/regulation/companies-issuer-regulation.

Interested parties are invited to comment on the Simplification Project via e-mail to [email protected]

ENDS

ABOUT THE JSE

The Johannesburg Stock Exchange (JSE) has a well-established history of operating as a marketplace for trading financial products. It is a pioneering, globally connected exchange group that enables inclusive economic growth through trusted, world-class, socially responsible products, and services for the investor of the future. It offers secure and efficient primary and secondary capital markets across a diverse range of securities, spanning equities, derivatives, and debt markets. It prides itself on being the market of choice for local and international investors looking to gain exposure to leading capital markets on the African continent.

The JSE is currently ranked in the Top 20 largest stock exchanges in the world by market capitalisation, and is the largest stock exchange in Africa, having been in operation for 135 years. As a leading global exchange, the JSE co-creates unlocks value & makes real connections happen. www.jse.co.za 

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