Indemnity Although the JSE will endeavour to ensure that the relevant company information submitted to IRS is published in the form submitted, the JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy, or completeness of the information published on IRS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind of nature, howsoever arising, from the use of IRS or the use of, or reliance on, information disseminated through IRS. |
IRS has been established as a result of a need to disseminate company announcements and price sensitive company releases ("relevant company information") to the market on a real time basis in order to ensure that the relevant information is distributed in a timely manner to market participants.
IRS forms an integral part of the JSE's communication with its customers, ensuring that listing obligations and regulations are met.
IRS is a workflow system that enables ‘external users’ to submit SENS Announcements electronically. It also enables ‘JSE Internal Users’ to process the received documents. Once the announcements have been disseminated they will be published on the JSE website for public access.
IRS provides a platform for customers to gain access to company announcements, for example:
mergers
take-overs
rights offers
capital issues
cautionaries
These activities start with the submission of the relevant documentation, The 'Announcement Type', 'Subtype', as well as the 'type of company' determines the correct process to be followed. This eventually results in the approval or rejection of the announcement submitted.
All Equity Issuers announcements and price sensitive company releases, is submitted to IRS through a sponsor or a designated advisor. ETF issuers, Warrant issuers and Debt issuers are allowed to submit their own announcements. To prevent a delay in publication via IRS, submissions must conform to the specifications contained in the JSE Listings Requirements.
Relevant company information will be published immediately after it has been authenticated and approved (if necessary).
Publication will take place by electronically transmitting the relevant company information to all subscribers, which include the major wire services, who will immediately disseminate such information to their customers.
In a nutshell, the purpose of IRS is to:
Submit SENS Announcements
Submit Announcement Corrections
Register new system users
Create a new Issuer Role
Manage Tokens