FSCA approves JSE’s plans to divide its main board into two segments

The Financial Sector Conduct Authority (FSCA) has approved amendments to the JSE’s listings requirements dealing with market segmentation, which will come into effect on September 23.  The market segmentation project repositions the JSE’s main board into two segments, the prime and the general segment. This 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.