Examples of South African Financial Markets Act in a sentence
Form of Securities: The Securities in this Series are issued in uncertificated form and held by Strate Limited (the CSD), a licensed central securities depositary in terms of the South African Financial Markets Act 2012.
South African Notes will be issued in registered form, and in the case of South African Notes which are listed on the Interest Rate Market of the JSE, will be in uncertificated form in terms of section 33 of the South African Financial Markets Act (subject to applicable laws and applicable procedures).
The holder of a Beneficial Interest in SA Notes may, in terms of the Applicable Procedures and Applicable Laws, by written notice to the holder’s nominated Relevant Participant (or, if such holder is a Relevant Participant and subject to section 42 of the South African Financial Markets Act, the CSD), request that such Beneficial Interest be exchanged for SA Notes in definitive form represented by an Individual Certificate (the Exchange Notice).
A Tranche of Notes which is listed (i) on the Interest Rate Market of the JSE or (ii) on the Interest Rate Market of the JSE and the NSX, as the case may be, will be issued in registered uncertificated form, in terms of Chapter IV of the South African Financial Markets Act, and will be held in the CSD.
South African Notes may only be issued by GSI and will be listed on the Interest Rate Market of JSE Limited, a public company with limited liability incorporated in accordance with the laws of SouthAfrica and a licensed exchange in terms of the South African Financial Markets Act ("JSE") and cleared through Strate Limited, licensed as a central securities depository in terms of section 29 of the South African Financial Markets Act (the "CSD").
The Closed Period, or equivalent thereof, shall be determined on a case by case basis in respect of such Excluded SARS, taking into account any valuations, Material Non‐public Information and any other relevant factors, as applicable, so as to avoid the abuse of such Excluded SARS.“FMA”The South African Financial Markets Act, 19 of 2012 (as amended).
The redemption of Beneficial Interests shall take place in accordance with the South African Financial Markets Act and the relevant Applicable Procedures.
Ms. Kessler referred to page six of the meeting packet and recalled there are change forms included before the draft of each section of code the Committee has been working on.
A SA Note which is represented by an Individual Certificate may be replaced by uncertificated securities in terms of section 33 of the South African Financial Markets Act.
All Notes held in the CSD will be held subject to the South African Financial Markets Act and the Applicable Procedures.