The Financial Sector Conduct Authority FSCA has approved the Johannesburg Stock Exchange JSE amendments to the listing requirements dealing with market segmentation which come into effect on September 23, 2024.
The Market Segmentation Project repositions the JSEs Main Board into two segments Prime and General.
The JSE says the new structure aims to offer a suitable and efficient level of regulation tailored to the size and liquidity of issuers on the Main Board, while continuing to uphold investor confidence in the market.
The General Segment affords issuers on the Main Board listing with different application of certain provisions of the listing requirements.
Issuers seeking to apply for the General Segment can submit an application to the JSE from September 23, 2024, with the effective launch date of the General Segment to be communicated.
