NZX proposes changes to flagging price-sensitive announcements

Wed, 13 Jul 2016

By Paul McBeth July 13 (BusinessDesk) - NZX wants to change the way it flags price-sensitive announcements which attract brief trading halts, putting the onus on issuers to identify what's material. The Wellington-based stock market operator is seeking more feedback on a proposal to change the way it uses administrative halts after initial submissions were divided on whether to drop the practice altogether. NZX now plans to rely on an issuer's assessment of whether an announcement is material, which would then be flagged to the market an...

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