Listing requirements are standards that are established by stock exchanges such as ZAR X to control what may be issued on the exchange. Companies wishing to issue their stock on a given exchange must meet its listing requirements also referred to as continuing obligations and continue to do so for as long as they are on the exchange.
The ZAR X listings department undertakes a completeness check.
On completion of the completeness check the ZAR listings team performs a full due diligence.
On completion of the due diligence, the ZAR X listings team compiles a proposal for listings committee.
The ZAR listings committee meets on a weekly basis.
The Acceptance letter is sent a week after Listings committee.
Depending on technology interface required, financial & legal processes, a new Listing Onboarding takes between 16 and 20 weeks.