Regulators relax rules to help out public companies

Thu, 19 Mar 2020

The Financial Markets Authority and NZX are relaxing their rules to help companies during the coronavirus outbreak. The markets regulator is giving listed companies extra time to file accounts, while the stock exchange operator will make it easier for firms to raise cash. The FMA said it is doing its bit to support the industry during a time of “extreme circumstances.”In a statement, it said entities need time to assess the impact of the coronavirus on their businesses and how that should be reflected in financial statements. It...

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