South African Airways Act, 2007
R 385
Securities Services Act, 2004 (Act No. 36 of 2004)Chapter III : ExchangesFunctions of exchange14. Application of new listing requirements and conditions to previously listed securities |
| (1) | Listing requirements or conditions determined by an exchange in respect of the listing of securities may be applied by the exchange to securities listed before the determination of the listing requirements or conditions, by notice in writing to the issuer of such listed securities. |
| (2) | Listing requirements or conditions so applied take effect from a date determined by the exchange, which date must not be earlier, except when special circumstances justify an earlier date, than one month after the date on which the exchange so notifies the issuer, but the exchange may postpone the former date on written request by the issuer. |
| (3) | If an exchange refuses a request for a postponement in terms of subsection (2) the issuer concerned may make representations in writing to the registrar, and if the request for a postponement is reasonable, the registrar may, after consultation with the exchange, postpone the date on which the listing requirements or conditions take effect by not more than three months and must inform the exchange accordingly in writing. |
