The JSE has already undertaken several initiatives recently to reduce complexity and compliance costs for listed companies. These include introducing market segmentation, a project to simplify listings requirements and the removal of the auditor accreditation model, which broadened the pool of firms available to audit listed companies.
The JSE has proposed a number of amendments to the listings requirements following consultations with a broad range of stakeholders.
In November, the bourse published a consultation paper on financial reporting costs following feedback from a survey, which had identified financial reporting and audit-related costs as among the most significant costs associated with maintaining a listing on the JSE.
The consultation paper formed part of the JSE's broader reforms aimed to ensure South Africa's capital markets remain competitive, attractive, and appropriately regulated.
The JSE has already recently undertaken several initiatives to reduce complexity and compliance costs for listed companies. These include introducing market segmentation, a project to simplify listings requirements, and the removal of the auditor accreditation model, which broadened the pool of firms available to audit listed companies.
