NZX 'strongly opposes' exemption for Unlisted, saying it could tarnish capital markets

Wed, 08 Jul 2015

By Tina Morrison July 8 (BusinessDesk) - NZX, which is New Zealand’s only registered stock market operator, "strongly opposes" a bid by share trading platform Unlisted to be exempted from new licensing requirements, saying its lack of basic shareholder protections could tarnish the reputation of the country's capital markets. Unlisted is petitioning Commerce Minister Paul Goldsmith for an exemption from being licensed by the Financial Markets Authority, as required by the Financial Markets Conduct Act which came into force in December, ar...

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