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The Futures and Options Rules have been developed to match the structure of the proposed NZX Participant Rules and encompass international best practice. They draw heavily on the content of the NZFOE Rules to ensure a smooth changeover to the new regime for current NZFOE participants.
NZX is seeking comment on the Futures and Options Rules from market participants and other interested parties, and will review and consider all comments prior to finalising the rules. Once finalised, the Rules will be submitted to the Securities Commission for their consent.
The Futures and Options Rules are available for downloading on the NZX website at www.nzx.com/regulation. Comments on the Rules are to be made in writing and should be received by NZX no later than 2 March.
To assist interested parties in understanding the differences between the existing regulatory framework and the proposed new Futures and Options Rules, NZX has also provided comparison tables which compare the Futures and Options Rules with both the proposed NZX Participant Rules and the NZFOE Rules.
NZX will host a conference call for all interested parties to comment on the neil.hammond@nzx.com.
Timetable & Key Dates
| Comments on Futures and Options Rules to be received by NZX | Tues, 2 March |
| Conference call with interested parties | Tues, 2 March |
| Securities Commission consent | Fri, 12 March |
| NZX Futures & Options Accreditation Course, Module 6 | 15 March – 26 March |
| Submit applications for regulatory approval from 3 May | Thurs, 8 April |
| NZX approval of applications 12 April – | 30 April |
| NZX assumes regulatory responsibility in New Zealand | 3 May |
| SFE to list NZFOX products on behalf of NZX | May |
For more information, please contact:
Bridgit Vivian
New Zealand Exchange Limited
04-496-2874
027-472-7599
