NZX
23/06/2016 10:34
GENERAL
NOT PRICE SENSITIVE
REL: 1034 HRS NZX Limited
GENERAL: NZX: NZX welcomes FMA Market Operator Obligations Review
NZX welcomes the Financial Markets Authority's (FMA) annual Market Operator
Obligations Review, released today, which assesses and reports on NZX's
compliance with its statutory obligations.
The FMA's report concluded that NZX complied with all of its market operator
obligations during the 2015 review period. The FMA did not require NZX to
take any specific actions following the review.
The outcome of the FMA's review reflects the constructive working
relationship between the two organisations and continued oversight by the FMA
of NZX's operation of its regulated markets. This is supported by regular
engagement and collaboration between NZX and the FMA on real time market
issues and other matters relating to the regulation and oversight of NZX's
markets.
In line with initiatives noted in the report for increased transparency of
NZX's regulatory function, NZX recently launched its inaugural NZX Regulatory
Agenda. That agenda highlighted the regulatory outcomes NZX Regulation is
pursuing this year, and identified three key strategic areas of focus.
These three areas - market infrastructure, orderly markets and market
engagement - reflect NZX's statutory obligations; the current economic
environment; and NZX's view of the key risks and trends relevant to the
regulation of its market
o Market infrastructure - NZX rules and market architecture balance the need
for informed, confident participation in our markets, with the efficient
operation of those markets
o Orderly markets - comprehensive and effective frontline monitoring and
enforcement of trading misconduct, and understanding of permitted trading
conduct by market participants
o Market engagement - constructive engagement with issuers and participants,
to support compliance frameworks, organisational culture and market conduct
The NZX Regulatory Agenda can be downloaded at:
http//www.nzx.com/regulation/publications
For further information please contact:
Hannah Lynch
Communications Manager
T: 09 308 3710
M: 021 252 8990
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 the countries in which we operate.
To learn more about NZX please visit: www.nzxgroup.com
End CA:00284527 For:NZX Type:GENERAL Time:2016-06-23 10:34:36
