Monday October 18 2021

News Source: Global Exchanges

Focus: Stock Exchange Regulation

Type: General

Country: New Zealand

Link: https://bit.ly/3lSSyI0




On 15th October 2021, New Zealand’s Exchange (NZX) Limited and New Zealand Clearing Limited (NZCL) announced that it had made amendments to the Clearing and Settlement Rules and Procedures, and the Derivatives Market Procedures. These amendments are necessary to enable the mandatory migration of open interests from the NZX Derivatives Market to SGX-DT which is expected to take place on 27th November 2021, although the migration date will be confirmed in the coming weeks.

Please note the dates that the amended Rules and Procedures will take effect on the following dates:

  • Clearing and Settlement Rules amendments will take effect on Monday 22th November, 2021;
  • Clearing and Settlement Procedures amendments will take effect on Tuesday 30th November 2021, subject to the successful completion of the migration; and
  • NZX Derivatives Market Procedures amendments will take effect on Tuesday 30th November 2021 subject to the successful completion of the migration.

Marked-up versions of the amended Rules and Procedures are available below:

Click on the above link for further information