06/25/2024 | Press release | Distributed by Public on 06/24/2024 19:47
Media Release
MR No. 2024 - 25
NZX has complied with its licensed market operator obligations, a review by the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko - has found.
The annual NZX Market Operator Obligations Review, released today, assesses how well the NZX is meeting the requirements for its market operator licence. The report found NZX met all its obligations during the review period from 1 January 2023 to 31 December 2023.
In particular, the review found:
The report has made two recommendations. The first recommendation is to consider how NZX can further address its dependency on the resilience of participants and providers regarding the overall stability of the ecosystem. The second recommendation is for NZX to continue to improve crisis management scenario testing by considering testing a system being unrecoverable.
FMA Director of Markets, Investors, and Reporting, John Horner, said: "This year's report shows NZX continues to improve its systems and processes, particularly in key risk areas such as technology and security. NZ RegCo operates in a structured and considered way, with a clear strategy to achieve its outcomes. The FMA encourages NZX to build on the improvements with a focus on the two FMA recommendations on participant resilience and crisis management."
ENDS
Media contacts:
Andrew Park
FMA Media Relations Manager
[email protected]
021 220 6770
Matt Chatterton
FMA Senior Adviser, Media Relations
[email protected]
021 241 7868