NZX seeks feedback on proposed changes to participant rules

NZX, the stock market operator, is seeking feedback on plans to tweak rules for market participants such as brokers and advisers.

Wellington-based NZX released a consultation paper outlining proposed changes in August, following a discussion document circulated late last year. It's now seeking further feedback on proposed amendments to the participant rules based on feedback from nine submissions on the consultation paper, it said in a statement.

Changes proposed include removing the NZX Associate Adviser status and retaining only the NZX Adviser status, clarifying the information participants should know about their clients for the purpose of monitoring compliance, and ensuring adequate arrangements are in place for the control of all broking offices.

Submissions close at the end of trading on Dec. 23.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness
General Capital Subsidiary General Finance Market Update
AFT,Massey Ventures,Gilles McIndoe to develop scar treatmen
April 24th Morning Report
Cheers to many fewer grape harvest spills
GTK - Half-Year Results Announcement Date
Government ends war on farming
Sky and BBC Studios renew expanded, multi-year agreement
AOF - Q1 Improved Trading Performance & FY24 Guidance Maintained