NZX to split regulation from commercial functions

Tue, 31 Mar 2020

Stock exchange operator NZX is splitting out its regulatory functions from its commercial operations and the regulatory arm will have its own board independent of NZX and won't be expected to contribute to profit.Chair James Miller announced the split at today's annual meeting, saying the move "is ground-breaking in the 150-year history of New Zealand's capital markets, aligned with global best practice."Miller said the restructuring came after a full review of NZX's regulatory operating model, "which was prompted by the increasing complexity o...

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