Regulator gives NZX a pass mark, wants progress on compliance, conflicts

Mon, 03 Jun 2013

June 4 (BusinessDesk) – NZX has been given a pass mark in the Financial Markets Authority’s second review of New Zealand’s markets operator though the FMA identified areas for improvement including managing conflicts of interest and enforcing compliance. The FMA “has concluded that, during the review period, NZX complied with the statutory obligations, with the exception of the adequacy of its arrangements for enforcing compliance with the relevant market rules, and the sufficiency of human resources allocated to the regulation division,” the...

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