NZ markets regulator gives qualified tick to NZX for meeting obligations

Thu, 28 Jun 2012

By Jonathan Underhill June 29 (BusinessDesk) - NZX, the stock market operator, has been given a qualified tick for meeting its obligations under securities law by the Financial Markets Authority. The FMA cited three exceptions to NZX’s compliance, noting that the company says it will adopt all of the regulator’s recommendations by the end of 2012. It is the regulator’s first assessment of NZX’s compliance with the Securities Markets Act and the Authorised Futures Exchange (NZX Limited) Notice 2010. The regulator said NZX had potential confli...

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