JSE overhauls debt listing requirements

Substantive proposals for amending Johannesburg Stock Exchange (JSE) debt listing requirements have been released for comment in the form of objections by 9 April. CompliNEWS contributor Pam Saxby reports that, among other things, they spell out the general principles to be observed ‘in all corporate actions and … all submissions pertaining to the registration of a programme; and debt securities listed and to be listed’. The draft amendments also propose a raft of new definitions; overhaul many listing conditions; have significant implications for corporate governance; and propose a raft of changes affecting continuing obligations. Once finalised, the revised listing requirements will be published on the JSE website.