Monday March 29 2021

News Source: Global Exchanges

Focus: Stock Exchange Regulation

Type: General

Country: New Zealand

Link: https://bit.ly/3cwuIgB




On 29th March 2021, New Zealand Exchange (NZX) announced it had made amendments to the NZX Derivatives Market Rules (Rules) pursuant to Rule 1.6. The amendments to the Rules were approved by the Financial Markets Authority on 15th February 2021, following consultation with the market in April 2020.

These amendments involve conformance updates to bring the Rules in conformance with the 2019 amendments to the NZX Participant Rules. The changes will amend the following areas of the Rules:

  • financial advice;
  • discretionary accounts;
  • know your client (KYC) procedures/required client information;
  • contract notes;
  • voice recording;
  • disclosure of interests;
  • employee and prescribed person trading;
  • surveillance tools; and
  • Direct Market Access (DMA) trading.

These Rule amendments will take effect from 28rdApril 2021.

NZX will also be releasing updates to the NZX Derivatives Market Procedures (Procedures) consistent with these changes and updating derivatives market forms 1 to 8.

Marked-up copies of the amendments to the Rules and Procedures are available here:

https://www.nzx.com/regulation/nzx-rules-guidance/upcoming-rules-changes

Click on the above link for further information.