Jamaica Stock Exchange Limited

8 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 11 JAMAICA STOCK EXCHANGE other technology-driven software that we use to provide services for our clients (member dealers) and their clients (investors), besides issuers who offer the securities. Business View Magazine: What are some highlights of the requirements companies must fulfill to be listed on the JSE? Dr. Street-Forrest: Companies intending to list on the exchange need to prove they have robust corporate governance. To ascertain this, we’ll look at the board composition regarding independence and mix and their audit and remuneration committees. They must also demonstrate that they uphold core corporate governance practices and offer at least 20% of shareholdings to the public. Alongside these requirements for the main market, other conditions apply to the junior market, like having audited financial statements for at least five years. Companies can list on the JSE via a prospectus issue (IPO) or introduction. Besides these requirements, all companies must demonstrate the ability to provide post-listing updates to the market. Business View Magazine: Your listings have grown significantly over the last two years. Could you tell us how this has changed your listing composition? Dr. Street-Forrest: We have had many listings on the junior and main markets. In addition, we recently introduced a private market, where we currently have three companies representing fourteen security listings on the private market. Business View Magazine: How is the private market different from the other markets the JSE offers? Dr. Street-Forrest: The private market allows companies to list exempt distribution securities to the market. It is an accredited investor market catering only to accredited investors who understand the various risks of these types of bonds. Securities listed on the private market require