NZX seeks feedback on proposed changes to participant rules

Monday 28th November 2016

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

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