ZSE reviews listing requirements

THE Zimbabwe Stock Exchange (ZSE) has begun consultations for the first draft of the new listing requirements issued on Monday.

Tarisai Mandizha

The ZSE’s listing rules were last reviewed in 2002 and in June 2013, the local bourse embarked on a programme to revamp the rules.

In a statement, ZSE chief executive officer Alban Chirume said: “Members of the public are hereby advised that the ZSE formally invites comments from the public on the first draft of the revised ZSE listing requirements issued on March 10 2014.”
Chirume said the proposed consultations would run until end of next month.

He said the proposal for input on the current listing rules which were last reviewed in February 2002 was sent to stakeholders and the comments received were considered in the preparation of the first draft of the revised listing rules.

“The Zimbabwe Stock Exchange requires the public’s input on the draft as part of the stakeholder consultation process. Unless input is of a general nature, comments must be specific and cross-referenced to the relevant sections in the first draft,” he said.

He added that the second draft of the listing rules would be issued in due course once stakeholders’ input had been considered.

The ZSE listings rules outline the guidelines and procedures for pre-listed, listed and those that need to de-list.

ZSE has previously stated that the current set of its listing rules were in conflict with other laws governing publicly listed companies, adding that the listing rules were vague and not specific.

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