Futuregrowth in fresh battle over new JSE rules on R3-trillion bond market

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Business News News

Asset manager says new rules, which come into effect on Monday, have significant shortcomings

31 August 2020 - 05:05Futuregrowth Asset Management, best known for cutting lending to corruption-hit state-owned entities, will approach the Treasury to rewrite underlying financial markets regulations to give investors greater protection as the new JSE rules governing SA’s R3-trillion bond market fall short.

The JSE published the fifth and final version of the new regulations, which come into effect on Monday, in July, broadly tightening disclosure rules for companies with publicly traded debt instruments, including mandatory compliance with corporate governance guidelines under the King IV Code, the latest non-legislative guidelines for governance.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Academics speak out: JSE racist towards Dr Iqbal Survé and his companiesThe issue the academics had with the fine was that two white-owned companies, Tongaat Hulett and EOH, with a bigger market share than AYO and facing similar allegations, were handed lesser fines.
Source: IOL - 🏆 46. / 51 Read more »