"NZX has indicated that it is happy to discuss with the Securities Commission its Terms of Reference for the proposed programme, to ensure that it is efficient, effective and relevant, and is in the best interests of New Zealand's capital markets," said NZX Chairman Simon Allen.
"NZX looks forward to open dialogue with the Commission in the context of the co-regulatory model and strategy going forward," Allen said.
NZX will make no further comment on this matter.
