The Financial Services Board, acting in terms of the Financial Markets Act 2012, has published proposed amendments to the JSE Derivatives Rules and Directives.

The proposed amendments deal with:

  1. The buying and selling of derivative securities; and
  2. Derivative transactions that take place off the JSE’s Automatic Trading System (ATS). The ATS is the computerised facility which facilitates trading in and reporting of derivative securities.

The proposed amendments provide a list of off-ATS transactions that do not have to be executed through the central order book and may be validly reported to the trading system. Comments on the proposed amendments are invited within 14 days of the date of publication of the notice (2 December 2016), and can be emailed to