BSE secures approval for "tough" new rules

BSE Thapelo Tsheole. Slumber Tsogwane and Tebogo Masire at BSE's openning bell ceremony.PIC: KENNEDY RAMOKONE
BSE Thapelo Tsheole. Slumber Tsogwane and Tebogo Masire at BSE's openning bell ceremony.PIC: KENNEDY RAMOKONE

The Botswana Stock Exchange (BSE) will next January initiate a new set of equity listing requirements, including a sterner disciplinary regime which will penalise errant companies by moving them to a default board where daily fines of P500 will be levied.

The Non-Bank Financial Institutions Regulatory Authority (NBFIRA) finally approved the new listing rules last month, following a four-year consultative process that involved an extended feedback period with affected market players.

The new disciplinary structure comes as the local bourse battles to keep counters compliant, particularly in terms of publicising their financial statements on time, ensuring these are not qualified by auditors and paying regulatory fees.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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