This activity is performed by the CFO’s. In this activity, the CFO will receive the Corporate Finance Manual Allocation.
The Activity Description field (on the "Submission Detail screen - Activity tab") will display the following description: "Approval”.
'Corporate Finance approval' is the process of approving the submission.
The Corporate Finance user will be assigned the work item for approval. The Corporate Finance user can either approve or decline the submission. When approved, the submission will continue to the next step in the submission process. If the submission is declined, it will be returned to the submitter to be re-worked.
The SENS Super user and the System administrator, can re-allocate a submission in the 'CFO Approval group'.
The SENS Super user and the System administrator can also approve this work item.
Unallocated items cannot be viewed by Corporate Finance users.
Corporate Finance users can only view work items that have been allocated to them.
IMPORTANT: Refer to the section "Submission Workflow activities" for an explanation of the 'announcement workflow' that may or may not be followed for each of the 3 'announcement types'.
The table below displays each of the 3 announcement types, that is, General Announcement, Primary Listing Announcement and Secondary Listing Announcement. For each of these announcements, the table reflects the Current Workflow Activity (Column 4) that can be viewed on the “SENS Worklist screen”.
Once the relevant announcement is selected, the Next Action field (Column 5) on the “Submission Detail screen” will display the actions that can be selected. Once the action is selected, the Next Workflow Activity (Column 6) is displayed. The “Next Workflow Activity” is dependant on the rules defined by the IRS Administrator. These rules may change over time. As such, different activities may be displayed based on the work flow and the rules set up by the IRS Administrator.
Example:
If you selected “Submit Announcement”, the next workflow activity might be Review, Needs File Size Approval, Finalisation, etc. This is based on the rules set up in IRS. But, Finalisation can only be performed for General Announcements and Primary Listing Announcements. Finalisation is not part of the workflow for Secondary Listing Announcements.
At any stage of the work flow, the internal user may choose to send the announcement back to any action allowed in the work flow. For example, if the process went through Submit, Review, CA Approval and Finalisation, the user may request - in the Finalisation stage - to send the announcement back for Rework.
Current Workflow Activity Status (SENS Worklist screen) |
Next Action field (Submission Detail screen) |
Subsequent Workflow Activity Status (SENS Worklist screen) |
Description |
General Announcement |
Primary Listing Announcement |
Secondary Listing Announcement |
CFO Approval |
Approve |
Finalisation |
The review of the submission is complete and the CFO approval is needed. The JSE has approved the submission. |
|
Yes |
|
CFO Approval |
Disapprove |
Review |
The submission is not approved and will be sent for review. |
|
Yes |
|
CFO Approval |
Send for Rework |
Rework |
The submission is sent back to the submitter for rework. |
|
Yes |
|
Below is a graphical representation of the work flow that will be followed, depending on the option selected from the Next Action field. The 'workflow activity' that will follow is dependant on the 'announcement type'.
