Equity Compliance General

Question 1

Controlling body

Answer 1

• board of directors of the JSE
• governing body managing the affairs of the JSE

Question 2

Purpose of the rules and directives

Answer 2

• to achieve the objects of the JSE AS SET OUT IN its MEMORANDUM and Articles of Association by PROVIDING the PROCEDURES necessary
• to establish and regulate fair and efficient markets and
• to ensure that the business of the JSE is carried out in an orderly manner and with due regard to the objects of the Act

Question 3

On who are the directives binding?

Answer 3

• members and their employees

Question 4

On who are the rules binding

Answer 4

1. Members and their employees
2. On any person utilising the services of a member or who concludes a transaction with a member in the course of that member’s business

Question 5

What specific condition must every transaction in equity securities entered into by a member be concluded

Answer 5

On the specific condition that the transaction is entered into subject to
-the Act,
- the rules
- the directives.

Question 6

With whom does the interpretation and enforcement of the rules and the directives rest?

Answer 6

The controlling body (who is the board of directors of the JSE)