BOND MARKETS
Futuregrowth in fresh battle over new JSE rules on R3-trillion bond market
Futuregrowth says it will approach the Treasury to amend the Financial Markets Act
Futuregrowth 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...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.