As a consequence of the submissions received NZSE reviewed the proposed changes and has made some alterations to them. These revised Listing Rule changes will come into force as of 1 December 2002 to align with the proposed commencement date of the Securities Market and Institutions Bill.
Listed companies with a 31 December 2002 balance date will not be required to comply with the amendments to Listing Rules 10.4.1, 10.5.1 and 10.5.2 until 3 months and 1 day after the amendments to those Listing Rule come into force.
NZSE will announce a commencement date for those Listing Rule changes which relate to Corporate Governance once all submissions received by NZSE have been considered.