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- Release Date: 04/06/13 11:59
- Summary: GENERAL: NZX: FMA report on NZX General Obligations Review
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NZX
04/06/2013 09:59
GENERAL
REL: 0959 HRS NZX Limited
GENERAL: NZX: FMA report on NZX General Obligations Review
News release
4 June 2013
The Financial Markets Authority has today released its annual report on NZX's
compliance with its obligations under the Securities Markets Act and the
Authorised Futures Exchange (NZX Limited) Notice. The period under review was
1 January to 31 December 2012.
FMA has concluded that by the end of the review period NZX was fully
compliant with its obligations and had met its statutory requirements.
"NZX has committed itself to a programme of continuous improvement in all
aspects of its operations that contribute to its delivery of fair, orderly
and transparent markets," said FMA Head of Compliance Monitoring, Elaine
Campbell.
"Where we did identify areas that need more work, NZX displayed a willingness
to take this feedback on board, and a commitment to implementing our
recommendations," said Ms Campbell.
The report found three areas where NZX needs to focus further efforts in
2013:
Managing potential conflicts of interest;
Enforcing compliance; and
Board reporting and oversight.
A copy of the NZX General Obligations Review can be found here.
Ends
Contact:
Tony Reid on 021 739 052 or [email protected]
End CA:00237002 For:NZX Type:GENERAL Time:2013-06-04 09:59:28
