Unlisted granted ministerial exemption from FMCA licensing requirements

Tue, 25 Aug 2015

By Suze Metherell Aug. 25 (BusinessDesk) - Unlisted, the share trading platform, has been granted an exemption from licensing requirements of the Financial Markets Conduct Act by Commerce Minister Paul Goldsmith. Unlisted sought an exemption to run its 12-year-old market, owned by Efficient Market Services (EMS), under the Financial Markets Conduct Act, which came into force in December. Unlisted currently requires minimal disclosure, keeping costs low for the 14 securities that trade on its platform. “Unlisted will be allowed to conti...

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