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JSE LIMITED - Proposed changes to the JSE Listings Requirements regarding Section 10

Release Date: 20/09/2012 17:11
Code(s): JSER     PDF:  
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Proposed changes to the JSE Listings Requirements regarding Section 10

GEN – General – Public consultation process on proposed amendments to JSE Listings Requirements
in relation to the review and approval of the Memorandum of Incorporation (“MOI”) for subsidiary
companies in accordance Schedule 10


Currently each and every subsidiary MOI of an issuer must be reviewed and approved by the JSE
pursuant to the JSE Listings Requirements. The relevant provisions are contained in paragraph
10.21 of Schedule 10 along with accompanying footnotes.

The JSE is only considering removing the requirements to remove the review and approval of MOIs
in accordance with Schedule 10 as it pertains to subsidiary companies as the JSE believes that
its enforcements powers exist despite any provision in an MOI at subsidiary level.


The public consultation document with the proposed amendments to the JSE Listings Requirements
is available on the JSE’s website and interested parties are invited to submit their comments by
no later than Monday, 22 October 2012. Comments can be submitted electronically directly to
alwynf@jse.co.za.

20 September 2012

Date: 20/09/2012 05:11:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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