Multiple 'serious compliance breaches' found in NZ sharemarket last year

Multiple 'serious compliance breaches' found in NZ sharemarket last year
The Markets Disciplinary Tribunal has the power to issue fines of up to $500,000 for the most serious breaches. (Image: NZME)
Murray Jones
Members of the New Zealand stock exchange were found to be involved in multiple “serious compliance breaches” last year.Seven matters were referred to the NZ Markets Disciplinary Tribunal in the calendar year, a significant uptick from the single case in 2022. In the tribunal's annual report, released on Wednesday, chair Deemple Budhia said five of the seven matters “involved breaches of the board and/or audit committee composition requirements”, and the other two concerned “breaches of the annual reportin...

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