Market News
Mar. 28, 2022 TSE Designation of Securities Under Supervision (Confirmation): NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange Traded Fund
TSE has designated an issue as Securities Under Supervision (Confirmation) as follows.
| １．Issue Name | NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange Traded Fund beneficiary certificates (Code: 1323, Market Division: ETF) |
| ２．Period of Designation as Securities Under Supervision (Confirmation) | From Mar. 28, 2022 (Mon.) to the day when TSE determines whether the ETF has fallen under the delisting criteria |
| Provision | Enforcement Rules for Securities Listing Regulations, Rule 1115, Paragraph 1, Item (2) (Due to falling under cases where a decision concerning an amendment to the trust deed of an investment trust has been made, which falls under establishment of an investment trust agreement period) |
| ３．Reason | Today, the management company pertaining to NEXT FUNDS FTSE/JSE Africa Top40 Linked Exchange Traded Fund (hereinafter "the ETF"), made a decision concerning an amendment to the trust deeds of the investment trust for the ETF that will make the investment trust agreement period expire on Jul. 26, 2022 and announced said decision. If the agenda of the aforementioned amendment to the trust deeds is approved by written resolution of the beneficiaries scheduled for Jun. 24, 2022, the ETF will be delisted on Jul. 25, 2022. As such, TSE deems that it is likely that the ETF will be delisted and thus has designated the ETF as Securities Under Supervision (Confirmation). |
Designation History of Securities Under Supervision & Securities to Be Delisted
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