The JSE currently acts as the frontline regulator, setting listings requirements and enforcing trading rules, while the financial sector conduct authority (FSCA), supervises the JSE in the commission of its regulatory duties. As the JSE has no criminal or civil jurisdiction, the FSCA also processes any cases where legislation has been contravened.
A new regulatory oversight framework – the ‘twin peaks’ model’ was recently introduced in the South African financial market. The two new ‘twin peaks’ regulators: prudential authority (PA) and FSCA, were established on 1 April 2018. The PA, which is established within the Reserve Bank, is responsible for prudential supervision of banks, insurance companies and market infrastructures (e.g. exchanges and clearing houses). The FSCA is responsible for the supervision of the conduct of financial institutions including market infrastructures and replaces the financial services board (FSB).
The JSE will continue to act as frontline regulator, reporting to the FSCA as the lead regulator.
South Africa was ranked third in the world in terms of the regulation of securities exchanges in the World Economic Forum’s Global Competitiveness Survey for 2016 - 2017. This is an accolade for both the JSE and its regulators.
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June 2022
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The JSE released an announcement regarding amendments to the JSE Listings Requirements in relation to Actively Managed Certificates.
The JSE released an announcement regarding amendments to the JSE Listings Requirements in relation to Annual Improvement Project.
The JSE released an announcement regarding amendments to the JSE Debt Listings Requirements dealing with Sovereign Issuers.
The JSE released an announcement regarding amendments to the JSE Listings Requirements & JSE Debt Listings Requirements dealing with the appropriation of penalties. Please refer to the ELR Amendment Schedule and the DLR Amendment Schedule.
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May 2022
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May 2022: The JSE released an announcement regarding amendments to the JSE Listings Requirements pertaining to the Cutting Red Tape Project. The JSE Consultation Paper has been attached for ease of reference.
May 2022 – The JSE released an announcement regarding a JSE Consultation Paper: Listings Review. Kindly note the attached Comments Schedule to submit comments to the JSE.
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April 2022
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April 2022: The JSE issued an announcement regarding proposed amendments to the JSE Listings Requirements in relation to Actively Managed Exchange Traded Funds. Find attached the Explanatory Memorandum.
The JSE issued a letter regarding transitional arrangements for the Sustainability Segment.
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March 2022
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March 2022 – The JSE released an announcement regarding amendments to the Debt Listings Requirements, dealing with the Sustainability and Transition Segments. Find attached the marked-up consolidated Debt Listings Requirements. For ease of reference the JSE has also included the amendments as a side-by-side view.
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February 2022
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February 2022 – The JSE released an announcement regarding proposed amendments to the JSE Listings Requirements and JSE Debt Listings Requirements. Kindly see the explanatory memorandum for the JSE Listings Requirements and the explanatory memorandum for the JSE Debt Listings Requirements.
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October 2021
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October 2021: The JSE issued an announcement regarding proposed amendments to the JSE Listings Requirements to introduce Actively Managed Certificates. Find attached the Explanatory Memorandum including proposed amendments.
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September 2021
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September 2021: The JSE issued an announcement regarding proposed amendments to the JSE Listings Requirements as part of its Annual Improvement Project 2021. Find attached the Explanatory Memorandum and Amendment Schedule.
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August 2021
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August – 2021 - The JSE issued an Announcement regarding a JSE Consultation Paper: Cutting Red Tape aimed at Effective and Appropriate Regulation.
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June - 2021
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June 2021 – The JSE issued an announcement regarding proposed amendments to the Debt Listings Requirements. Kindly see the Explanatory Memorandum and Amendment Schedule, and relevant source documents being (i) Guidelines for Green, Social,
Sustainability and Sustainability-Linked Bonds External Reviews, (ii) Sustainability-Linked Bond Principles and (iii) Climate Transition Finance Handbook. The proposed amendments have further been consolidated in the current Debt Listings Requirements.
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March 2021
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March 2021 – The JSE is a Consultation Paper along with a Comments Template.
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February 2021
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December 2020
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December 2020 – The JSE issued an announcement on proposed amendments to the Headline Earnings circular issued by the South African Institute of Chartered Accountants.
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October 2020
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October 2020 – The JSE issued a letter regarding proposed amendments to the JSE Corporate Actions Timetable: Form H1. Please refer to the Explanatory Memorandum.
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September 2020
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September 2020 - The JSE issued a letter which focuses on disclosure obligations (both from a continuing obligation perspective and when issuers embark on capital raisings) that are beneficial for investors, contributing to transparent price formation and the success of capital raisings.
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August 2020
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August 2020 – The JSE issued an announcement dealing with the transitional provisions in respect of the amendments to the Debt Listings Requirements (Part 2 of 2018).
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July 2020
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July 2020 – The JSE released an announcement regarding the approval of the amendments to the JSE Debt Listings Requirements (Part 2 of 2018). Find attached the Final Version. Also refer to the final marked–up amendments to the JSE Debt Listings Requirements.
July 2020 - The JSE issued a letter to Audit Committees in respect of paragraph 3.84(g)(iii) of the JSE Listings Requirements. Please also refer to the guidance issued
July 2020 – The JSE issued a letter on directors’ responsibilities on financial controls in respect of paragraph 3.84(k) of the JSE Listings Requirements. The SAICA prepared document referred to in the JSE letter is accessible here.
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June 2020
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June 2020 – The JSE made an announcement regarding amendments to the JSE Debt Listings Requirements in respect of the Sustainability Segment. Find attached the final version of the amendments to the JSE Debt Listings Requirements.
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May 2020
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May 2020 – The JSE issued a letter on written resolutions for issue of shares for cash resolutions by Main Board listed issuers. Please refer to the FSCA Market Notice.
May 2020 – The JSE issued a letter on LSE Standard Listings which is now recognised as an equivalent board for secondary listings on both AltX and the Main Board of the JSE
May 2020 – The JSE issued a letter reminding property entities of their disclosure obligations if they defer distributions.
May 2020 – The JSE issued a letter for issuers to remind them of their obligations to they give full disclosure of the impact of COVID-19 in their financial results.
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April 2020
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April 2020 - The Financial Sector Conduct Authority issued the attached Board Notice for comments on the amendments to the JSE Debt Listings Requirements (Sustainability Segment). Kindly see the attached Amendment Schedule.
April 2020 – The JSE issued a letter drawing attention to various resources that can assist issuers with their final reporting obligations under the COVID-19 environment.
April 2020 – The JSE issued a further letter to the market regarding the payment of dividends.
April 2020 – The JSE issued a letter to the market regarding capital raising measures and other.
April 2020 – The JSE issued a further letter to the market dealing with a general extension of financial reporting periods. Please see the attached Market Notice.
April 2020 – The JSE issued a further letter to the market dealing with the variation of declared dividends.
April 2020 – The JSE issued a letter dealing with listed instruments.
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March 2020
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March 2020 - March 2020 – The Financial Sector Conduct Authority issued a letter to the debt market allowing more time to provide comments on the amendments to the Debt Listings Requirements (Part 2 of 2018).
March 2020 - The JSE issued a letter to the market dealing with the variation of declared dividends.
March 2020 – The JSE issued a letter to the market regarding the amendments to the Debt Listings Requirements (Part2 of 2018). See the attached Gazette Notice.
March 2020 – The JSE issued a letter to the market regarding the potential impact of COVID-19 on REITs.
March 2020 – The JSE issued a letter to the market regarding the potential impact of COVID-19 on financial reporting.
March 2020 – The JSE issued a letter to the market regarding the potential impact of COVID-19 on transitional provisions applicable to Service Issue 27.
March 2020 – The JSE issued a letter to the market regarding the potential impact of COVID-19 on shareholder meetings.
March 2020 – The JSE issued a letter to the market regarding the potential impact of COVID-19 on Issuer Regulation. Kindly note the attached letter .
March 2020 – The JSE issued a letter to the market regarding the potential impact of COVID-19 on the JSE Listings Requirements.
March 2020 – The JSE issued a letter to the market regarding the potential impact of COVID-19 on the JSE Debt Listings Requirements
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February 2020
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February 2020 – The JSE published an announcement regarding amendments to the JSE Debt Listings Requirements (Sustainability Segment). Please review the Explanatory Memorandum and Amendment Schedule.
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January 2020
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January 2020 – The JSE released an announcement regarding the JSE Debt Listings Requirements. Kindly see Version 4 of the JSE Debt Listings Requirements, the Compare Version and the Briefing Note.
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December 2019
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December 2019 - The JSE issued a guidance letter on remuneration targets as applied to profit forecasts or estimates.
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November 2019
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November 2019 – The JSE issued a letter regarding an update on the proposed amendments to the Debt Listings Requirements
November 2019 – The JSE issued a letter dealing with transitional provisions relating to its amendments to the JSE Listings Requirements resulting from the JSE Consultation Paper.
November 2019 – The JSE released an announcement regarding amendments to the JSE Listings Requirements resulting from the JSE Consultation Paper issued in September 2018. Please refer to the Amendments Schedule – Primary Listings and Amendments Schedule – Secondary Listings.
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September 2019
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September 2019 – The JSE issued an announcement regarding public consultation in respect of amendments to the Debt Listings Requirements. Please refer to Version 3 of the Debt Listings Requirements, the Comparison Version and the Briefing Note.
September 2019 - The JSE Issued a revised guidance letter on AltX Business Plans.
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May 2019
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May 2019 - The JSE issued an announcement regarding amendments to the JSE Listings Requirements relating to the reporting of various performance measures including alternative or non-IFRS measures and ratios. Please review the attached Explanatory Memorandum and Amendment Schedule.
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May 2019 - The JSE issued an Update Letter on the new process for the release of financial results on SENS.
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April 2019
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April 2019 – The JSE released an announcement regarding amendments to the JSE Debt Listings Requirements: Part 2 of 2018. Please refer to the explanatory memorandum and amended Debt Requirements.
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April 2019 – The JSE released an announcement regarding the JSE Consultation Paper. Find herewith the relevant documents for public consultation:
- Explanatory Memorandum and Amendment Schedule for primary listings.
- Explanatory Memorandum and Amendment Schedule for secondary listings.
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February 2019
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The JSE issued a guidance letter on the new process for the release of financial results on SENS
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December 2018
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- December 2018 – The JSE released an announcement regarding the proposed amendments to the debt listings requirements (Part 2 of 2018).
- December 2018 – The JSE released an announcement regarding the JSE consultation paper.
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November 2018
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- November 2018 – The JSE released an announcement regarding amendments to the JSE listings requirements - Venture capital companies. Please review the attached explanatory memorandum and amendment schedule.
- November 2018 – The JSE updated the corporate action timetables relating to the JSE listings requirements. Please refer to the announcement and updated schedule 2 form H1
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September 2018
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- September 2018 – The JSE released an announcement regarding proposed amendments to the JSE debt listings requirements. Please see part 2 of 2018: explanatory memorandum and amendment schedule.
- September 2018 – The JSE released a consultation paper on possible regulatory responses to recent events surrounding listed issuers and trading in their shares.
- September 2018 – The JSE released an announcement regarding amendments to the JSE debt listings requirements - Part 1A of 2018. The amendments are attached for ease of reference.
Also see the implementation letter.
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April 2018
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April 2018 – The JSE released an announcement regarding proposed amendments to the JSE debt listings requirements. Please see Part 1A: explanatory memorandum and amendment schedule.
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January 2018
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January 2018 – The JSE released an announcement regarding the approval of amendments to the JSE Debt Listings Requirements
January 2018 – The JSE released an announcement regarding amendments to the JSE Listings Requirements.
Announcements regarding listing requirements
Contact Information
Conflicts Officer | Alwyn Fouchee | +2711 520 7678 |
Refer to the following link for the Issuer Regulation Conflicts of Interest Policy | ||
Corporate Finance | ||
Equities | Bernardine Joubert | +2711 520 7073 |
Zakaria Rashid | +2711 520 7667 | |
Specialist Products | Debt & Specialist Securities | +2711 520 7582 |
Investigations | Nadia Jada | +2711 520 7968 |
Proactive Monitoring | Tania Wimberley | +2711 520 7067 |
SENS Office | Sharon Nair | +2711 520 7152 |
Teboho Tatiso | +2711520 7092 | |
Nonhlanhla Mabuza | +2711 520 7336 | |
Natasha Fernandes | +2711 520 7871 |