Regulatory Alerts2023-07-31
NZX Submission on Financial Market Infrastructures Standards Exposure Drafts
NZX Limited submitted comments to the Reserve Bank of New Zealand and the Financial Markets Authority regarding proposed Financial Market Infrastructures Standards. The submission argues against imposing stricter capital requirements and mandatory segregation rules, warning that these measures would increase costs and reduce market participation in New Zealand. It also requests clarification on the legal status of guidance notes and proposes adjustments to governance and transition period requirements to align with international standards and local market conditions.
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