The FMA will be asking BlackRock what happened

BlackRock withdrew 11 substantial shareholder notices on the NZX. (Image: Getty)

Thu, 10 Aug 2023

The Financial Markets Authority is following up with global asset manager BlackRock after it withdrew 11 substantial shareholder notices on the NZX.“The FMA will be following up with BlackRock to understand what happened and any lessons that can be learned from today’s incident,” it said in an emailed response. While the FMA does not generally comment on individual entities or whether it’s investigating an entity, “it is important that market announcements are accurate and any errors are remediated quickly&quo...

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