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Definition

The JSE has very strict rules about what listed companies can and cannot do. If these rules are ignored or broken the JSE sometimes issues a public censure. Sometimes, a director of a listed company fails to report transactions that he may have made in the company's shares, or a company fails to produce audited financial statements within three months of its financial year-end. This type of breach of the rules would typically result in a censure - and a warning.

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