In terms of section 12 (6) of the Stock Exchanges Control Act, 1985 (Act NO.1 of 1985), it is hereby notified that the JSE Securities Exchange South Africa has applied to the Registrar of Stock Exchanges for the approval to make amendments to its rules, as set forth in the Schedule herleto.
In terms of section 12 (7) of the said Act all interested persons (other than members of the Securities Exchange) who have any objections to the proposed amendments are hereby called upon to lodge their objections with the Registrar of StockExchanges, PO Box 35655, Menlo Park, 0102, within a period of 30 days fromthedate of publication of this notice.
Words underlined with a solid line (-) indicate the insertions in the existing rules.
Words in square brackets (I I) indicateomissionsfrom existing rules.
A brokinq member (equities) shall apaoint a settlement officer to ensure that the settlement of transactions in securities and STRATE approvedsecurities effected bv thatmembertakes place. Such settlement officer shall have obtained a pass in the settlement officer examination as may be prescribed by the JSE.
A brokins member (equities) shall appoint an alternate settlement officer who shall act in the absence of the settlement officer in all matters for which the settlement officer is responsible in terms of these rules. Such and business in the absenceof a duly appointed settlement officeror alternate settlement officer.
failinq, when requested, to assist the JSE's Surveillance DeDartrnent in the exercise of its duties which shall include, but shall not be limited to, failure without sufficient cause to provide information in accordance with the provisions of rule 3.275.2.1.51 3.
5.10.11(8efore undertaking to execute any transaction for a newclient, a broking member (equities) shall, as a minimum, authenticate the identityand residential address of such client and maintain a record of the means of such authentication.
Everybrokinamember(equities). CSM and CSA shallensurethat it obtains and maintains suficient information on each client account so as to beable to identify the beneficiary of the account and the person or persons responsiblefor placinq instructions ton the account at all times.
5.15.3Theinformationreferred to in 5.15.2.1 to 5.15.2.4 shall also be obtained in respectoftheperson Or persons responsible for placinq instructions on a client account if the Derson Dlaanq the instructions is not the individualin whose namethe account is held or the accountis not in the name of an individual.