New Zealand Exchange Limited (NZX) is pleased that NZX's management and operation of New Zealand's capital markets is described by the Securities Commission as good in the report released today.
The report concludes that NZX is “satisfying its obligation to operate its markets in accordance with its conduct rules”.
The report is the result of an overview by the Commission across all aspects of NZX's business during the 2005 calendar year.
“The process has been valuable for both parties. While it is inevitable that the parties will not be in complete accord on every matter, we see this as a healthy aspect of the dynamics of the co-regulatory model,” said NZX Head of Regulation Elaine Campbell.
