'NXT' year for NZX's new growth market

Wed, 12 Nov 2014

By Suze Metherell Nov. 12 (BusinessDesk) - NXT, NZX's new growth focused market, is unlikely to launch this year, as companies wait for new legislation to come into effect and the quiet Christmas period approaches, the stock market operator says. Wellington-based NZX's new NXT market and its alternative disclosure regime is effectively registered under both the outgoing Securities Act and the incoming Financial Markets Conduct Act, due to take full effect at the start of December. The less onerous market rules, designed to ease the cost...

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