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. Requirements in relation to the adoption of the KING IV Report on Corporate Governance and other governance arrangements, including a race diversity policy and the publication of a compliance report pursuant to the Broad-Based Economic Empowerment Amendment Act No.46 of 2013. The final amendments will be effective from 19 June 2017.
The JSE Listings Requirements are available on the JSE Limited website.
Amendments to the JSE Listings Requirements – Auditor Accreditation Model
The JSE released the following documents on 18 September 2017, which are available on their website.
- Announcement regarding amendments
- Implementation letter information
SAICA prepared a summary of the amendments to the JSE Listings Requirements applicable to audit firms and individual auditors. Although also dealt with in the Listings Requirements, IFRS Advisors, Reporting Accountants and Reporting Accountant Specialists are not specifically included in the summary:
- JSE Listings Requirements – A summary of the new auditor accreditation model (7MB PDF)
Request for comments
- Call for comments to Amendments to the JSE Listings Requirements: Transferability of Securities, comments due by 12 February 2018 (1MB PDF)
The JSE issues guidance letters on matters dealing with administrative issues, procedures and guidance on specific listings requirements.
These guidance letters are included in the Listings requirements, available on the JSE website.
- Key audit matters in auditor’s reports (324Kb PDF)