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  • Finance and Planning Minister, Dr. the Hon. Peter Phillips, says there are no plans to phase out the Jamaica Stock Exchange (JSE) Junior Market after April 1.
  • Dr. Phillips was responding to concerns that the Junior Market benefits would not be available to any new company after April 1, and that once the period of tax relief expires for those already listed, the Jamaica Junior Market will effectively disappear.
  • Launched in 2009, the JSE Junior Market was established to encourage and facilitate the development of smaller companies, particularly newer enterprises, by enabling them to raise equity.

Finance and Planning Minister, Dr. the Hon. Peter Phillips, says there are no plans to phase out the Jamaica Stock Exchange (JSE) Junior Market after April 1.

Speaking in the House of Representatives on January 26, the Finance Minister said the exchange would continue to exist due to “critical ingredients” such as the size of the companies listed, the amount of paid-up capital, the number of shareholders and other provisions.

“We are currently looking at the entire range of issues of what can be done to incentivise listing of private companies on the exchange…we will do everything we can to facilitate its continuation. When we have concluded those deliberations, we will report in the Budget Debate,” he said.

Dr. Phillips was responding to concerns that the Junior Market benefits would not be available to any new company after April 1, and that once the period of tax relief expires for those already listed, the Jamaica Junior Market will effectively disappear.

Launched in 2009, the JSE Junior Market was established to encourage and facilitate the development of smaller companies, particularly newer enterprises, by enabling them to raise equity.

This would be done within a regulated framework and engender confidence among potential investors.