Strengthening trust

    Strate Directives

    As a self-regulatory organisation, mandated by the Financial Markets Act (2012), Strate  contributes to financial market stability by establishing, maintaining and monitoring standards that uphold confidence in the market.

    Strate Rules and Directives are issued by Strate’s Legal, Risk and Compliance Division with the aim of upholding the stability and efficiency of South Africa’s financial market ecosystem, minimising systemic risk and promoting transparency and efficiency in the market.

    Strate continuously assesses its rules and directives to ensure they remain relevant.

    Below is a comprehensive list of the Strate Rules and Directives.

    Directive SA.1 – Strate Participation Criteria and Application

    Directive SA.2 – Requirements for Financial Soundness

    Directive SA.3 – Client Acceptance Procedure

    Directive SA.4 – Requirements for Own Name Clients

    Directive SA.6 – Strate Compliance Officer Appointments

    Directive SA.7 – Requirements for a Nominee to Operate in the Strate Environment

    Directive SA.8 – File Layout for Beneficial Ownership Register – Equities, Bonds and Participatory Interests

    Directive SA.9 – Segregated Depository Accounts: Opening, Administration and other Procedures

    Directive SA.10 – Risk Management

    Directive SA.11 – Claims Procedure from a Cash Suspense Account in a Participant’s Insolvency Proceeding

    Directive SA.12 – Pledge or Cession In Securitatem Debiti

    Directive SB.1 – Procedures for Dematerialisation and Rematerialisation of Equity Securities

    Directive SB.2 – Procedures for Dematerialisation and Rematerialisation of Bond Securities

    Directive SB.3 – Registers and Central Securities Accounts Administration – Bond and Money Market Securities

    Directive SB.4 – Issuing of Securities – Bond and Money Market Securities

    Directive SC.1 – Operational Market Windows – On-Market – Equities – JSE and A2X

    Directive SC.2 – Operational Market Windows – Off Market – Equities

    Directive SC.3 – Special Circumstances for the Reversal of Commitments – Equities

    Directive SC.4 – Processing of Corporate Actions – Equities

    Directive SC.5 – Voting Procedure – Domestic Companies – Equity Securities

    Directive SC.6 – Voting Procedure – Foreign Incorporated Companies – Equity Securities

    Directive SC.7 – Operational Market Windows – Unlisted – Equities Securities

    Directive SD.1 – Operational Market Windows – On-market – Bond Securities – JSE and ETP

    Directive SD.2 – Operational Market Windows – Offmarket – Bond Securities – JSE

    Directive SD.3 – Processing of Capital Events – Bond Securities

    Directive SD.4 – Proxy Voting Procedure – Bond Securities

    Directive SD.5 – Operational Market Windows – Unlisted – Bonds Securities

    Directive SE.3 – Operational Market Windows – Money Market Securities

    Directive SE.4 – Electronic Trade Reporting, Matching, Clearing, Commitment and Settlement – Money Market Securities

    Directive SE.5 – Processing of Capital Events Money Market Securities

    Directive SF.1 – Fines Schedule – Strate Rules

    Directive SF.2 – Fines Schedule – On market, Off-market and Unlisted – Equity Securities

    Directive SF.3 – Fines Schedule – On-market, Off-market and Unlisted – Bond Securities

    Directive SF.4 – Fines Schedule – Compliance

    Directive SF.5 – Fines Schedule – Money Market Securities

    Directive SF.7 – Fines Schedule – On-market and Off-market – Cape Town Stock Exchange (CTSE)

    Directive SF.8 – Fines Schedule – Equities and Bonds – I-EX

    Directive SH.1- Operational Market Windows and Securities Processing – Equity Securities – Cape Town Stock Exchange (CTSE)

    Directive SH.2 – Operational Market Windows and Securities Processing – Bond Securities – Cape Town Stock Exchange (CTSE)

    Directive SH.3 – Operational Market Windows for Open Market – Equity Securities – Cape Town Stock Exchange (CTSE)

    Directive SH.5 – Operational Market Windows for Open Market – Bond Securities – Cape Town Stock Exchange (CTSE)

    Directive SI.1 – Operational Market Windows and Securities Processing – Equity Securities – A2X

    Directive SJ.1 – Operational Market Windows and Securities Processing – Equities – I-EX

    Directive SJ.2 – Operational Market Windows and Securities Processing – Bonds – I-EX

    Directive SL.1 – Operational Market Windows and Distributions Processing – Collective Investment Schemes (CNAV)

    Directive SZ.1 – Interpretation and Definitions