BOTSWANA: BSE Announces Introduction of New Member Rules

Thursday June 3 2021

On 1^st June 2021, the Botswana Stock Exchange (BSE) published a notice on introduction of new Members Rules. The Rules have been approved by the Non-Bank Financial Institutions Regulatory Authority.

The new Rules were drafted to align with the changes in governance structure of that the Botswana Stock Exchange Limited (BSEL) following demutualization in 2018 and also to adhere to international best practice.

The new Rules seek to achieve the objects of BSEL as set out in its Constitution by providing procedures necessary to establish and regulate a fair and efficient capital market and to ensure that the business of BSEL is carried out in an orderly manner.

An important highlight in the new Rules is that membership to the Exchange is no longer restricted and there is now provision for special membership to trade specific securities.

The new Rules will become effective on the 1^st of July 2021.

Click on the above link for further information.