FMA pushed back on continuous disclosure exemptions for NZX's new 'growth' market, papers show

Wed, 06 Aug 2014

By Suze Metherell Aug. 6 (BusinessDesk) - The Financial Markets Authority pushed back on exemptions from continuous disclosure that companies would enjoy on NZX's new growth market, noting its departure from international best practice, while the Treasury questioned whether it was even needed, cabinet papers show. The stock market operator wants to lure more small-to-medium sized firms to the bourse with less-costly disclosure rules, filling a funding gap for SMEs that was first identified in the 2009 Capital Markets Development Taskforce...

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