Jamaica Stock Exchange (JSE) – Lobbies for fee decrease & Change in Management

Roy L. Johnson, Vice President, Investments, Victoria Mutual Building Society was re-elected to head the 15-member Council of the JSE. Curtis Martin, President of Capital & Credit Merchant Bank Ltd. is the new Deputy Chairman.

The newest member of the Council is Ravi Rambarran, Managing Director of Edward Gayle & Company Ltd. This was announced at the post-annual general meeting press conference at the JSE’s headquarters on June 26, 2003.

Mr. Johnson announced that the JSE is lobbying for a decrease in the fees it currently pays to the Financial Services Commission. He pointed out that the JSE pays to the FSC more than 25% of the cess revenues earned by the company.