NZX
26/05/2015 09:20
GENERAL
NOT PRICE SENSITIVE
REL: 0920 HRS NZX Limited
GENERAL: NZX: NZX welcomes FMA General Obligations Review
NZX welcomes the Financial Markets Authority's (FMA) fourth annual General
Obligations Review, released today, which assesses and reports on NZX's
compliance with its statutory obligations.
The FMA's report concluded that during the 2014 review period NZX complied
with all of its statutory obligations. It also noted:
o NZX has effective arrangements for operating fair, orderly and
transparent markets, and its activities during 2014 demonstrated a commitment
to continuous improvement, ensuring its ongoing compliance with the statutory
obligations
o The actions delivered by NZX in 2014 have further strengthened NZX's
arrangements for handling conflicts, monitoring conduct and enforcing
compliance
o There is now greater visibility and market awareness of NZX's
regulatory activities and outcomes
The FMA does not require NZX to take any specific actions following this
current review.
NZX CEO Tim Bennett commented: "This review by the FMA highlights the
significant work and investment NZX has made in our role as frontline
regulator of New Zealand's capital markets to ensure we run fair, orderly and
transparent markets."
"Against the backdrop of a new market environment in New Zealand following
the introduction of the Financial Markets Conduct Act, NZX is 100% committed
to operating well regulated markets that support confident and informed
investor participation."
NZX Head of Market Supervision Joost van Amelsfort, who leads NZX's
regulatory function, commented: "Our regulatory responsibilities are
fundamental to the operation of well functioning and vibrant capital markets,
and NZX is extremely well placed on this front."
"We are committed to a positive and robust working relationship with the FMA,
and look forward to continuing to work together to run well regulated markets
that support public confidence in New Zealand's financial markets."
For further information please contact:
Kate McLaughlin
Corporate Communications
T: 09 309 3654
M: 027 533 4529
E: [email protected]
About NZX Limited
NZX builds and operates capital, risk and commodity markets and the
infrastructure required to support them. We provide high quality information,
data and tools to support business decision making. We aim to make a
meaningful difference to wealth creation for our shareholders and the
individuals, businesses and economies in which we operate. To learn more
about NZX, please visit: www.nzxgroup.com
End CA:00264793 For:NZX Type:GENERAL Time:2015-05-26 09:20:25
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