FMA plans to beef up transparency on stock exchange

Thu, 28 Feb 2013

By Paul McBeth Feb. 28 (BusinessDesk) - The Financial Markets Authority says improving levels of transparency on New Zealand's stock exchange is one of four major areas it will keep tabs on this year as the government's partial privatisation programme steps up a gear. New Zealand's securities watchdog was unimpressed by "poor administrative practices by substantial shareholders, directors and officers, resulting in delays in notifying the market of trading" and has concerns about "a lack of focus on obligations to investors by some issuers an...

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