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ZSE invites input for debt listings

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THE Zimbabwe Stock Exchange (ZSE) has called for stakeholder to submit input for the second draft of the debt listings requirement.

BY TARISAI MANDIZHA

In a statement, ZSE chief executive Alban Chirume said the inputs for the second draft were expected from February 26 to March 12 2015.

“Further to the notice issued on November 12 2014, the ZSE hereby notifies all stakeholders that the second draft of debt listing requirements is now available for comments for a two-week period commencing February 26 2015,” Chirume said.

He said the debt listings requirements reflect inter alia the rules and procedures governing new applications and the ongoing obligations of issuers and are aimed at providing investor confidence via an orderly, secure, efficient and transparent financial market.

He added that in producing the second draft, the ZSE has collated and considered comments submitted by stakeholders on the first draft during the consultation period between November 2014 and January 2015.

The ZSE listing 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.
The stock exchange has also been working on its new listing requirements which attract stiffer penalties for companies that fail to comply, especially on late submission of information relating to financial and cautionary statements.

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