Unlisted asks for support in the face of 'unsubstantiated' NZX opposition

Thu, 14 May 2015

By Suze Metherell May 14 (BusinessDesk) - Unlisted, the share trading platform applying for an exemption from the Financial Markets Authority, is looking for support from its participants saying it faces opposition from licensed rival, NZX. Unlisted is seeking an exemption to run its market, via its owner Efficient Market Services (EMS), under the Financial Markets Conduct Act, which came into force in December. Unlisted currently requires minimal disclosure, keeping costs low for the 17 securities that trade on its platform. In a no...

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