Tougher NZX disclosure obligations get mixed response in listing rules review

Mon, 23 Jul 2018

By Paul McBeth July 23 (BusinessDesk) - NZX's proposals to impose stiffer disclosure obligations received a mixed response, finding favour with investor groups whereas listed companies and law firms were more cautious or outright hostile to the added burden. The stock market operator wants to align continuous disclosure obligations with its Australian counterpart, requiring directors and senior managers be subject to those rules where they ought to have that information, rather than the current listing rules which only encompass actual k...

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