NEW ZEALAND: NZX Amends Market and Clearing Rule

Friday February 28 2025

28^th February 2025, New Zealand Exchange (NZX) and NZX Clearing consulted on amendments to certain rule settings to better facilitate third-party clearing structures for the settlement of Trades executed on the NZX Derivatives Market, as part of the work relating to the proposed relaunch of the S&P/NZX 20 Index Futures.

As the necessary regulatory approvals have been received, NZX, New Zealand Clearing Limited (NZC) and New Zealand Depository Limited (NZD) wish to notify the market of amendments to the:

• NZX Derivatives Market Rules and Procedures
• NZC Clearing & Settlement Rules and Procedures
• NZD Depository Operating Rules and Procedures
• Capital Adequacy Guidance Note

These amendments, along with a Practice Note that describes the application of the revised settings, will become effective on 28^th March 2025.

Click on the above link for further information