NZX's new market gets ministerial go-ahead

Mon, 07 Jul 2014

By Suze Metherell July 7 (BusinessDesk) - Commerce Minister Craig Foss has given the go-ahead on alternative disclosure requirements for the New Zealand stock market operator's proposed "new market". The exemption will let the NZX's proposed market to skirt continuous disclosure requirements for listed companies, with less onerous disclosure obligations reducing costs for issuers in a bid to attract small to medium sized businesses to list. NZX must now satisfy the Financial Markets Authority that the market's rules will support the alter...

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