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NZX today published its inaugural Regulatory Agenda which highlights the regulatory outcomes NZX Regulation is pursuing this year, and identifies three key strategic areas of focus for 2016.
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 markets:
• Market infrastructure – NZX rules and market architecture balance the need for informed, confident participation in our markets, with the efficient operation of those markets
• Orderly markets – comprehensive and effective frontline monitoring and enforcement of trading misconduct, and understanding of permitted trading conduct by market participants
• Market engagement – constructive engagement with issuers and participants, to support compliance frameworks, organisational culture and market conduct
NZX’s Head of Market Supervision Joost van Amelsfort commented: “NZX’s regulatory function contributes to the operation of ‘fair, orderly and transparent’ markets, to the ongoing development of New Zealand’s capital markets, and ultimately to lowering the cost of capital for issuers.”
“To be an effective regulator, NZX Regulation takes a proactive approach to addressing market trends, changes in technology and law and developments in international best practice. The NZX Regulatory Agenda reflects the focus and investment we place on effective oversight of our markets.”
“This agenda also provides further transparency to the market in terms of the matters NZX Regulation is currently focussed on, to help drive engagement with those participating in New Zealand’s capital markets.”
NZX’s Regulatory Agenda 2016 can be downloaded here:
https://www.nzx.com/regulation/publications
For further information please contact:
Kate McLaughlin
Head of Communications
T: 09 309 3654
M: 027 533 4529
E: kate.mclaughlin@nzx.com
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: http://www.nzxgroup.com
