The JSE is licensed as an exchange under the Security Services Act, 2004. It has operated as a market place for the trading of financial products for nearly 120 years. In this time, the JSE has evolved from a traditional floor based equities trading market to a modern securities exchange providing fully electronic trading, clearing and settlement in securities, financial and agricultural derivatives and other associated instruments and has extensive surveillance capabilities. The JSE is also a major provider of financial information. For companies to be listed on the Exchange there is certain requirements that need to be met.
The JSE Listings requirements are available on the JSE Limited website.
Practice letters issued by the JSE
The JSE issues practice letters to assist in the understanding of the Listings Requirements.
The following practice letters has been issued:
- 4 April 2012
Listing of the Debentures on the JSE (219 Kb PDF)
- 2 November 2011
Debt listings requirements - a practice note regarding 8.3(t) of the debt listings requirements, which deals with auditors letters (205 Kb PDF)
- 10 June 2011
Audit for Subsidiaries of Listed Companies – despite Companies Act, 2008, the JSE still requires subsidiaries to be audited (237Kb PDF)
- 15 July 2011
Status of audit for foreign subsidiaries – no audit needed for foreign registered subsidiaries (178Kb PDF)
- 25 July 2011
Summary of Financial Statements – requirements for summary financial statements (263Kb PDF)
Please visit the JSE practice letters page for the more letters.
Proposed Amendments to the JSE Listings Requirements
The JSE announced proposed changes to the appointment of company secretaries who must be appointed in terms of the Companies Act, 2008, and cannot be a director of the company. Comments were due by 18 November 2011.
- Announcement re consultation process-company secretaries (66Kb PDF)
- Proposed amendment re company secretaries (8Kb PDF)
Archives
The JSE announced proposed changes to various areas of the Listing Requirements. All interested parties were requested to comment on the JSE Listings Requirements by 23 October 2009. The JSE Limited issued the amendments to the Listings Requirements on 17 February 2010 and the amended Listings Requirements are available on the JSE website. The changes will be effective from 1 April 2010, except for the definition of an independent director as it relates to share incentive / options schemes that will only become effective from 1 April 2011. The changes relating to King III must be complied with for financial years commencing on or after 1 March 2010.
- Amendments to the JSE Listings Requirements - 17 February 2010 (600Kb PDF)
- SAICA Comment letter on JSE Listings requirements (4MB PDF)
- Proposed JSE Listing requirements (12Kb PDF)