NZX and FMA sign MoU
Friday, January 30th 2015, 10:18AM
FMA and NZX have signed a memorandum of understanding setting out a framework for co-operation in their regulatory responsibilities.
In addition to the FMA’s statutory requirement to review NZX’s performance of its regulatory functions on an annual basis, the MoU confirms the structure for the ongoing dialogue between the FMA and NZX in respect of NZX’s day-to-day regulatory functions.
The MoU also points to the mutual commitment to the wider development of New Zealand’s capital markets and to contributing to the protection of shareholders and investors’ interests.
The MoU focuses on four key areas and formalises protocols and structures to enable greater collaboration: Relationship governance, oversight review processes, operational interaction between NZX and the FMA and public statements.
The FMA said particular areas of focus to ensure the markets remained, fair, orderly and transparent were live market issues, continuous disclosure, insider trading and reviews of offer documents.
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