Published: 24 July 2013

The ZSE will have new listing requirements by November as the bourse pushes for more disclosures in line with modern trading trends, chief executive officer Alban Chirume has said.

Speaking at the first roundtable discussion with the audit committee of the Public Accountants and Auditor's Board on Monday, Chirume said the ZSE was in the process of crafting the new set of rules and the first draft was currently being looked at.

The current listing requirements were drafted in 1998. Chirume said the new listing requirements should be in place by November 24 and would cover issues such as conditions of listing, pre-listing statements and methods and procedures of bringing securities to listing.

He added that the ZSE was currently working on four major projects: the revision of the listings rules, the automated trading system, demutualisation and the setting-up of a secondary exchange.

Speaking at the same event, Securities Commission of Zimbabwe chief executive officer Tafadzwa Chinamo said quoted companies should release financial statements providing more disclosures in a bid to attract foreign investors.
- newsday

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