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...

More Markets

Advent International eyes NZ deals with Aussie outpost
Markets

Advent International eyes NZ deals with Aussie outpost

US private equity giant says NZ key market for growth.

These shares are 'priced for awful'
Markets

These shares are 'priced for awful'

Kathmandu, SkyCity and Fletcher shares are under pressure. Some are taking the plunge.

NZ sharemarket drifts lower
Markets Market close

NZ sharemarket drifts lower

The S&P/NZX 50 Index closed at 11,776.73, easing 12.65 points or 0.11%.

Graham Skellern 02 Jul 2024