Regulation
NZX regulates listed companies and market participants with the aim of ensuring a transparent and efficient marketplace. NZX provides Listing Rules governing the behaviour of listed companies, Participant Rules and an accreditation programme for market participants, and real-time monitoring and surveillance of trading on its markets.
NZX is supported in its role as front-line regulator by the Securities Commission, the statutory regulator of New Zealand's financial markets although the Securities Commission has no legislative mandate to regulate NZX.
Read more about this topic: New Zealand Exchange
Famous quotes containing the word regulation:
“Nothing can be more real, or concern us more, than our own sentiments of pleasure and uneasiness; and if these be favourable to virtue and unfavourable to vice, no more can be requisite to the regulation of our conduct and behavior.”
—David Hume (1711–1776)
“Nothing changes my twenty-six years in the military. I continue to love it and everything it stands for and everything I was able to accomplish in it. To put up a wall against the military because of one regulation would be doing the same thing that the regulation does in terms of negating people.”
—Margarethe Cammermeyer (b. 1942)
“Lots of white people think black people are stupid. They are stupid themselves for thinking so, but regulation will not make them smarter.”
—Stephen Carter (b. 1954)