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JSE LIMITED - GEN - General - Amendments to the JSE Listing Requirements

Release Date: 07/04/2014 10:06
Code(s): JSER     PDF:  
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GEN - General - Amendments to the JSE Listing Requirements

GEN – General - JSE Limited

(ISIN: ZAE 000079711 ALPHA CODE: JSE)

Public Consultation:

Amendments to the JSE Listings Requirements - General Review

The JSE has undertaken a general review of the JSE Listings Requirements (the “Requirements”).
The last review was undertaken several years ago and since then there has been significant
improvements in corporate governing structures and the quality of financial reporting as it relates to
listed companies. Contributing factors to these improvements, other than the provisions of the
Requirements, are the Companies Act No.71 of 2008 (the “Companies Act”) and application of the
King Report on Corporate Governance (2009) and International Financial Reporting Standards
(“IFRS”) by listed companies.

The JSE recognises the improvements and has therefore deemed it necessary to ensure that the
Requirements are aligned with the current regulatory climate. In its review, the JSE has aimed to
introduce amendments to the Requirements that will ensure that the disclosures required pursuant to
the provisions of the Requirements are-

    •   relevant to the issuer and the corporate action;
    •   are not repeated in the Requirements where same has been addressed through compliance
        with IFRS and the Companies Act; and
    •   pragmatic to assist issuers to comply with the Requirements.

The JSE has also made amendments where certain provisions in the Requirements no longer serve
the regulatory value it was meant to achieve.

The amendments to the Requirements have been marked-up for review. The amendments along with
an explanatory memorandum will be available on the JSE’s website: www.jse.co.za (Route: How to
List/Listings Requirements/New Items).

We invite comments on the amendments by close of business, Friday 16 May 2014, and comments
can be sent directly to alwynf@jse.co.za.

7 April 2014

Date: 07/04/2014 10:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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