Sharechat Logo

NZX Limited (NZX: NZX) Statement on FMA Market Operator Obligations Report

Thursday 28th January 2021

Text too small?

NZX has closely reviewed the Financial Markets Authority (FMA) report, Market Operator Obligations Targeted Review – NZX, and acknowledges the FMA's conclusions that, in certain respects, NZX breached its market operator obligations in relation to its technology resources.

NZX Chief Executive, Mr Mark Peterson said NZX takes its market operator obligations extremely seriously. “We acknowledge the issues that have affected our technology platforms and market participants in 2020.”

“NZX accepts that it did not meet the high standards it sets for itself in key areas of technology resources. We also agree that improvements are required and we are committed to delivering these improvements via an action plan that will be agreed with the FMA. We will work constructively with the FMA through that process and engage closely with the broader capital markets technology ecosystem,” he said.

Please see the link below for more details:

NZX statement on FMA Market Operator Obligations Report

Source: NZX Limited



  General Finance Advertising    

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.

Related News:

BIF - Acquires shares in Hot Lime Labs
RUA - Cann Group granted TGA GMP for Mildura facility
AFI - Invitation to Results Webcast
PFI Share Buyback Programme to Pause
Greenfern Industries Limited ("GFI") - Late Annual Report
FSF - Monthly Allotment/ Redemption Notice
1st July 2022 Morning Report
General Capital Releases 2022 Annual Report
Fonterra, NZX, EEX confirm GDT strategic partnership
BIF - Annual Report 2022