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The amended JSE debt listings requirements come into operation on 22 December 2014. They aim to bring the JSE debt listings requirements in line with the Financial Markets Act, 2012 that came into force in 2013. The authority of the JSE, including its general powers over listing debt securities such as bonds and commercial paper, remain largely in place. But there are a number of developments to the listings requirements including those concerning the appointment…
The IFLR1000 2014, guide to the world’s leading financial and corporate law firms, has ranked our banking and finance team Tier 1 for the 10th year in the Debt Capital Markets (DCM) category. The guide says: “The firm’s debt capital markets practice was involved in the first bond listed by a Chinese bank on Johannesburg Stock Exchange’s (JSE) Interest Rate Market. It advised the Bank of China and Absa Capital in setting up a €218 million…
The JSE has said that the amendments to the JSE Debt Listings Requirements (DLR) were done to align them with the provisions of the Financial Markets Act, 2012 (FMA). The amendments largely serve to replace the references to the Securities Services Act with the FMA and to provide for the listing, trading, clearing and settlement of debt securities in a transparent, efficient and orderly market place. The amendments largely serve to replace the references to…