Market Regulation

ZAR X is a licensed stock exchange as contemplated in the Financial Market Act 19 of 2012 and is ultimately regulated by the Financial Sector Conduct Authority and South African Reserve Bank Prudential Authority

The regulatory framework that governs ZAR X as a Self Regulatory Organisation (SRO) and the compliance obligations of ZAR X Market Participants comprises the Financial Markets Act, 2012, ZAR X Rules and Procedures and the Financial Intelligence Centre Act, 2001. The regulatory activities undertaken by ZAR X Market Regulation division include the monitoring of trading on the ZAR X market to identify possible market abuse and oversight of ZAR X Market Participant’s compliance with their regulatory obligations.

For any query, concern or complaint related to Trading activity, including potential market abuse; or the operation of your account at a ZAR X Market Participant, you may contact the ZAR X Markets Division on providing us with all the relevant information.

For all other queries please contact

Download Financial Markets Act

Listing Requirements

Listing requirements are standards that are established by stock exchanges (such as ZAR X) to control membership in the exchange. Companies wishing to issue their stock on a given exchange must meet its listing requirements and continue to do so for as long as they are on the exchange.

Download Listing Requirements

Rules and Procedures

A stock exchange is an organized market for buying and selling corporate and other securities. Here, securities are purchased and sold out as per certain well-defined rules and regulations.

Download Rules and Procedures

Conflicts of Interest arrangements

The Financial Markets Act No. 19 of 2012 (“the FMA”) requires that market infrastructures take the necessary steps to avoid, eliminate, disclose and otherwise manage possible conflicts of interest that could arise between their regulatory functions and commercial services.


Amendments to the Financial Intelligence Centre ACT, 2001

The Financial Intelligence Centre Act, No 38 of 2001 (the FIC Act) was amended by the Financial Intelligence Centre Amendment Act, No 1 of 2017 (the Amendment Act).

DOWNLOAD THE Amendments to the Financial Intelligence Centre ACT

Market Notice

FSCA has resolved to suspend ZAR X exchange licence with effect from 16h00 on Friday 20th August 2021. Your attention is drawn to the attached Stakeholder Announcement which has also been released today via ZAPS.