NZX questions Unlisted's rule exemption bid

Wed, 22 Apr 2015

By Tina Morrison April 22 (BusinessDesk) - NZX, New Zealand's only registered stock market operator, fears that exempting the unregulated Unlisted share-trading platform from new market rules risks undermining their aim to strengthen confidence in New Zealand's financial markets. Unlisted is seeking an exemption from Commerce Minister Paul Goldsmith from the Financial Markets Conduct Act, which came into force in December and requires that it apply for a licence from the Financial Markets Authority, saying the costs would be too onerous f...

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