Malawi Stock Exchange (MSE) has reviewed listing and trading requirements on the local shares market, as MSE operations manager Kelline Kanyangala said the changes are meant to be in line with provisions of the revised Acts and directives and with other stock exchanges in the region.

The revision was also an effort to protect investors, maintain a fair, orderly and efficient market, and facilitate capital formation. Among others, the changes include review of clauses which were contradicting the provisions of the Financial Services Act and Companies Act and minimum capital requirements for listing and enforcement of the Listing Requirements.

The revision follows the Companies Act 2013 as well as the Financial Services Act 2010, which both incorporated some new definitions and terms. “Essentially our goal is to ensure that the minimum requirements are enough to safeguard investors but at the same time ensure they do not pose a hindrance to companies that would like to list.” said Kanyangala.