n Without Prejudice - Breaches of listing requirements : company law




South African securities law is up for revision. The Securities Services Act (SSA), which came into force on February 1 2005, is to be replaced by the Financial Markets Bill at some stage in the future. The review of the SSA apparently highlighted a number of critical provisions that must be given effect to in legislation to ensure that the integrity of the regulatory framework of the South African financial markets is maintained, that the regulatory framework continues to meet its objectives and the objectives of financial regulation in general and that it is aligned with relevant local and international developments and standards.


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