RCFE COMPONENT 2 INTERVIEW
COMPLETE EXAMINATION TEST
QUESTIONS WITH VERIFIED SOLUTIONS
●● 11 July 2016
Answer: The JSE's equities market moved from a five business day
settlement cycle (T+5=trading day plus 5 business days) to a three
business day settlement cycle.
The move aligned South Africa's equity market closer to international
settlement standards.
●● 31 August 2026
Answer: The Financial Sector Conduct Authority (FSCA) granted ZAR
X and 4AX with a license to operate as a stck exchange in South Africa.
●● 6 April 2017
Answer: A license was also granted to the A2X Markets exchange.
This step by the FSCA brought an end to an era where the JSE was the
only available exchange for company listings and the trading of
securities.
●● 20 February 2017
, Answer: Senwes was the first company to list on ZAR X, and trading on
the exchange commenced on 20 Feb 2017. The first trade was settles in
only 10 seconds.
One of the benefits offered to investors by this exchange was a T+0
settlement cycle(Real time settlement), implying that transactions were
executed immediately.
●● 13 February 2023
Answer: The ZAR X stock exchange was, however, shut down by the
FSCA after failing to comply with liquidity and capital requirements.
●● October 2021
Answer: 4AX relaunched as The Cape Town Stock Exchange(CTSE)
and continues to provide low listing costs, enabling entrepreneurs to list
on the exchange
●● Goal of 4AX
Answer: Aims to offer an alternative trading platform to all investors.
Possible listings of small and medium-sized businesses such as township
entrepreneurs will, amongst others, be considered for listing to provide
these businesses with access to additional capital
●● A2X Markets
Answer: A Secondary listing exchange that aims to provide an
alternative trading platform for companies listed on the JSE. Its main
COMPLETE EXAMINATION TEST
QUESTIONS WITH VERIFIED SOLUTIONS
●● 11 July 2016
Answer: The JSE's equities market moved from a five business day
settlement cycle (T+5=trading day plus 5 business days) to a three
business day settlement cycle.
The move aligned South Africa's equity market closer to international
settlement standards.
●● 31 August 2026
Answer: The Financial Sector Conduct Authority (FSCA) granted ZAR
X and 4AX with a license to operate as a stck exchange in South Africa.
●● 6 April 2017
Answer: A license was also granted to the A2X Markets exchange.
This step by the FSCA brought an end to an era where the JSE was the
only available exchange for company listings and the trading of
securities.
●● 20 February 2017
, Answer: Senwes was the first company to list on ZAR X, and trading on
the exchange commenced on 20 Feb 2017. The first trade was settles in
only 10 seconds.
One of the benefits offered to investors by this exchange was a T+0
settlement cycle(Real time settlement), implying that transactions were
executed immediately.
●● 13 February 2023
Answer: The ZAR X stock exchange was, however, shut down by the
FSCA after failing to comply with liquidity and capital requirements.
●● October 2021
Answer: 4AX relaunched as The Cape Town Stock Exchange(CTSE)
and continues to provide low listing costs, enabling entrepreneurs to list
on the exchange
●● Goal of 4AX
Answer: Aims to offer an alternative trading platform to all investors.
Possible listings of small and medium-sized businesses such as township
entrepreneurs will, amongst others, be considered for listing to provide
these businesses with access to additional capital
●● A2X Markets
Answer: A Secondary listing exchange that aims to provide an
alternative trading platform for companies listed on the JSE. Its main
