Details on FSB Regulation
Phuthuma Nathi 1 and Phuthuma Nathi 2 have engaged and continue to engage proactively with the Registrar of Securities Services (the "Registrar") regarding the application of the Financial Markets Act, 2012 (the "FM Act") to the trading platforms. Following such engagement, the Registrar has agreed to extend the temporary exemption granted to Phuthuma Nathi 1 and Phuthuma Nathi 2 to regularise their affairs until 31 March 2017. This extension is subject to certain conditions which Phuthuma Nathi 1 and Phuthuma Nathi 2 have to (and will) comply with on an ongoing basis. Phuthuma Nathi 1 and Phuthuma Nathi 2 will continue to build on the positive engagement they have had with the Registrar so far and remain committed to complying with any directives and/or conditions issued by the Registrar.