THE Jamaica Stock Exchange (JSE) has formally established its new Micro Market as a second tier of the Junior Market, allowing smaller companies to access the same income tax concessions while subjecting them to additional governance and investor-protection requirements.

Ten companies were initially identified at the market’s June launch, while the Government subsequently said a wider pool of 25 Jamaica Business Development Corporation (JBDC) accelerator graduates had been identified as potential candidates.

The JSE published the rules in July, less than a month after the formal launch on June 23 at the Terra Nova All-Suite Hotel in Kingston. However, instead of creating an entirely separate rule book, the JSE has integrated the Micro Market rules into the Junior Market rule book.