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NZX Publishes Guidance Note On Continuous Disclosure

Date 18/12/2014

NZX today published its final guidance notes on continuous disclosure and trading halt and suspensions.

This follows the release of NZX’s consultation paper in August 2014 outlining proposed changes to the guidance notes. NZX received 16 submissions from interested parties on the proposed changes.

NZX Head of Policy and Legal Robyn Dey commented: “The continuous disclosure requirements in NZX’s Listing Rules are an important part of the regulatory framework applying to issuers listed on NZX’s markets, and are designed to ensure that important information relevant to investors' decisions is made available to the public in a timely fashion.”

“The guidance notes are intended to assist listed issuers meet their continuous disclosure obligations, and provide transparency on our approach to the interpretation of the continuous disclosure rules and practise concerning trading halts and suspensions.”

The guidance notes are available at https://www.nzx.com/regulation/listing-rule-guidance and a paper summarising the changes following consultation is available at https://www.nzx.com/regulation/consultation