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NZX today published the following guidance notes to assist companies and their advisors in the interpretation of NXT’s Market Rules and, where applicable, the NZX Participant Rules:
- Listing as a NXT company
- Key Operating Milestones
- NXT Disclosure Framework
- Trading Halts & Suspensions
- Migration to NZX Main Board
- Eligibility to trade on NXT Market
- NXT Advisors
NXT is a new market built for small and mid-sized businesses, and differs from other markets operated by NZX. In particular, NXT listed companies operate under a new disclosure regime and are required to appoint a NXT Advisor for a minimum period of three years, unless a shorter period is approved by NZX.
NZX Head of Policy and Legal Robyn Dey commented: “The guidance notes intend to provide additional support to companies and their advisors as they familiarise themselves with a new set of obligations outlined in NXT’s Market Rules and the NZX Participant Rules.”
The guidance notes are available at https://nxt.co.nz/pages/market_integrity
For companies considering a NXT listing or those interested in becoming a NXT Advisor, please contact NZX Head of Markets Aaron Jenkins on aaron.jenkins@nzx.com or 09 309 3652.
