FMA concerned about NZX market surveillance, conflict of interest, continued operational errors

Wed, 27 Jun 2018

By Tina Morrison June 28 (BusinessDesk) - NZX has been ticked off by the Financial Markets Authority which said the stock market operator's market surveillance wasn't up to scratch, it needs to better manage conflicts of interest, and its continuing operational errors were concerning. In its seventh review, covering the 2017 calendar year, the FMA said the NZX was generally compliant with its obligations, however, it noted several exceptions where it wanted improvement. The FMA had raised a concern the previous year that NZX had rela...

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