Regulatory Alerts2020-05-20
FSCA Communication 26 of 2020 (FM) – Draft Conduct Standard and Directive for Exchanges
The Financial Sector Conduct Authority (FSCA) has published draft Conduct Standard and Directive for Exchanges to manage market fragmentation and ensure fair, efficient equity operations across South Africa's multiple exchange environment. The draft Conduct Standard establishes comprehensive conduct requirements for exchanges, while the accompanying Directive compels dual-listed entities to harmonize their listing rules regarding accounting standards, corporate governance, and continuing disclosure. Interested stakeholders may submit written comments using the provided templates on or before 15 July 2020 through the FSCA’s official website.
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