Printed from: http://www.seccom.govt.nz/publications/documents/nzx-2006/index.shtml?print=true on Wed 25 November 2009
OVERSIGHT REVIEW OF NZX 2006
28 June 2007
CONTENTS
- GLOSSARY OF KEY TERMS AND ABBREVIATIONS
- Structure of NZX and its markets
- EXECUTIVE SUMMARY
- Findings and recommendations
- INTRODUCTION
- CONFLICT MANAGEMENT
- Autonomy of the regulatory function
- Commercial pressure to reduce regulatory standards
- Recommendations
- THE NZAX MARKET
- Review of the NZAX
- Standards applied to the NZAX market
- Recommendations
- NZX'S FRONTLINE REGULATION
- Minimising the risk of non-compliance
- Admission of issuers
- Approval of market participants
- Recommendations
- NZX DISCIPLINE
- Matters considered
- Process and procedure
- Publication of decisions
- Amendments to the NZX discipline rules
- Recommendations
- THE SPECIAL DIVISION
- Independent solicitor and autonomy
- Disciplinary action in respect of NZX
- Recommendations
- RECOMMENDATIONS ARISING FROM THE REVIEW OF THE 2005 YEAR
- Update on progress made in implementing the recommendations
- CONCLUSION
- APPENDIX
- Scope of review
- Background to review
- Process