Compliance for October 2022 was 93%
The Jamaica Stock Exchange (JSE) has seen a marginal improvement in the compliance rate for member-dealers’ filing of financial returns due for the month ended October 2022.
The compliance rate for that month was 93 per cent, up from the 92 per cent posted 12 months prior.
The JSE’s October 2022 Monthly Regulatory Report, which was published last week, notes that for the previous month of September 2022, all member dealers, except one, satisfied the JSE’s Excess Net Free Capital (ENFC) requirement as prescribed by JSE Rule Appendix 12 – Member/Dealers’ Report and Financial Information, which is represented in the table below.
Member-Dealers’ Excess Net Free Capital as at September 2022
| Excess Net Free Capital (ENFC) Range($M) | # Of Member Dealers Sept 2022 | # Of Member Dealers Sept 2021 |
| Below 0 | 1 | 0 |
| 0 – 299 | 6 | 3 |
| 300 – 899 | 4 | 3 |
| 900 – 1,999 | 1 | 2 |
| 2,000 – 5,999 | 1 | 2 |
| 6,000 and above | 2 | 3 |
Market Surveillance and Compliance Activities
Market surveillance and compliance issues that were brought to the attention of the JSE for the month of October 2022 amounted to 11, down from 19 recorded for the comparative period in 2022. The list of regulatory breaches and enforcement actions for the period ended mainly dealt with delays in filing annual report and audited financial statements, incomplete monthly statements and late notification of directors and or managers’ dealings in securities.
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