NZX spring cleans its rule book, market structure

Mon, 29 Oct 2018

By Nikki Mandow Oct. 30 (BusinessDesk) - In the stock market equivalent of a satisfying fridge clean-out, the NZX today announced it has “refreshed” its market structure and updated its listing rules. The new rules are the first rewrite for 15 years and are being touted by the NZX as shorter, less complex, more user-friendly and written in plain English. They dispense with references to fax, telex or the word “forthwith” and have taken a year to draft. The revised market structure coincides with a previously-announced move to a single...

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