Publications

Oversight Report

NZ RegCo publishes an Oversight Report. This report provides increased insight into NZ RegCo's strategic objectives, investigation and enforcement activity, and its monitoring and engagement work with issuers and participants.

The report reflects the risk-based approach to regulation and emphasis on proactive engagement and best practice behaviour, and includes information on:

Investigation and enforcement activity undertaken, including complaints received by NZ RegCo
Key learnings for issuers and participants coming out of matters referred by NZ RegCo to the NZ Markets Disciplinary Tribunal
Key themes in NZ RegCo’s conduct and engagement work
Initiatives undertaken to support broader market regulation

The NZ RegCo Oversight report for the year ending 31 December 2023 can be viewed here.

Past years' reports can be viewed here.

NZ RegCo Enforcement Policy

NZ RegCo's Approach to Enforcement explains:

our goals and priorities
our process for investigating potential breaches of the Rules
what we consider when deciding whether or not to take enforcement action and
what happens when we take enforcement action.

A copy of Approach to Enforcement can be found here.

NZX Issuer Updates

NZX's quarterly update for issuers includes updates on regulation and market operations. If you would like to be added to the subscription list, please email issuerrelationships@nzx.com with Issuer Update in the subject line.

Date	NZX and/or NZ RegCo	Listing Rules	Summary of NZ RegCo information
October 2024	NZ RegCo	1.22	Authorised Representatives Authorised Representatives Training
October 2024	NZ RegCo	2.1.1 2.13.2 3.7.1 3.8.1 Corporate Governance Code	Annual Reporting and Governance Listing Rules Practice Notes
September 2024	NZX and NZ RegCo	1.22	Authorised Representatives Authorised Representatives Training
June 2024	NZX and NZ RegCo	1.22	Authorised Representatives Authorised Representatives Training
May 2024	NZ RegCo	Definitions, 1.22	Authorised Representatives Authorised Representatives Training
April 2024	NZX and NZ RegCo	Chapter 4, 9.9.1	Trading halts Raising capital NZMDT public censure of issuer
March 2024	NZ RegCo	Chapter 4, 9.9.1	Oversight Report Trading halts Raising capital Authorised representatives Issuer training modules
December 2023	NZX and NZ RegCo	3.7.1	Climate reporting disclosures Trading halts NZMDT decisions
September 2023	NZX and NZ RegCo	2.6.3, 2.13.2(c), 3.26.2(a) & Corporate Governance Code	Trade with Caution Alerts Annual Reporting and NZX Corporate Governance Code NZMDT determination Audit Committee Composition Market Announcements - Contact Information Listing Rules Practice Notes
September 2023	NZ RegCo	None	Information on new "Trade with Caution" alert
June 2023	NZX and NZ RegCo	3.1.1, 3.6 - 3.8, 3.23.1, 3.23	MAP data and templates Trading halts Price sensitive announcements Sending documents to shareholders
May 2023	NZ RegCo	3.8.1	Annual reporting NZX Corporate Governance Code
March 2023	NZX and NZ RegCo	3.7.1, 3.8.1	2022 Oversight Report Climate Statements report
December 2022	NZX and NZ RegCo	2.7.1, 3.20.1	Effective date of changes to Directors and Senior Managers Debt offers - "P" flags Appointment and election of Directors
September 2022	NZX and NZ RegCo	3.13	Appropriate MAP use Issuer availability Practice Note on Issues, Redemptions, and other changes in Quoted Financial Products
June 2022	NZX and NZ RegCo	3.1.1 3.13.1 3.14.1	Waiver and ruling applications - engagement with NZ RegCo Asset impairment - financial reporting and continuous disclosure Announcements - applying the "P" flag
May 2022	NZ RegCo	1.7.2 3.26	Foreign exempt issuer obligations
March 2022	NZ RegCo	2.8 8.4	NZ RegCo 2021 Oversight and Engagement Report 2022 Market Conduct enforcement work
December 2021	NZX and NZ RegCo	3.1.1 3.5.1 3.26.1	Debt listing - maturity of quoted bonds Market conduct case studies: breach of continuous disclosure obligations and incorrect entry of net tangible assets data
October 2021	NZX and NZ RegCo	3.1.1 3.14.4	Information on trading halts Cancelling a shareholder meeting cancelling a dividend payment Class Ruling and Waiver on AT1 instruments Market conduct case study: releasing material information to the market "promptly and without delay"
September 2021	NZ RegCo	Various	Class Ruling and Waiver on AT1 perpetual preference shares
August 2021	NZ RegCo	3.19.1(b)	Shareholders Meetings during COVID-19 alert level 4
July 2021	NZX and NZ RegCo	3.1.1 3.2.1 3.8.1(c) 3.20.1	Gender Composition in Annual Reporting Continuous disclosure obligations
March 2021	NZX NZ RegCo	3.26.1	Oversight and Engagement report Trading halts '3 strike' approach to Market Announcement Platform data breaches
December 2020	NZX and RegCo	3.1.1	Data entry Market conduct - continuous disclosure
October 2020	NZX and NZ RegCo	None	Amendments to COVID-19 class waiver decisions Continuous disclosure guidance note
September 2020	NZ RegCo	3.8.1(b)	Amendments to COVID-19 class waiver deicisions
August 2020	NZ RegCo	3.1.1(b) 3.26.3	Releasing announcements when experiencing connectivity issues with MAP Disclosure obligations of ASX Foreign Exempt Issuers
April 2020	NZ RegCo	3.1 3.14.4	COVID-19 and approach to disclosure: Assessing materiality in a volatile market Material deviations Insufficient information for market updates Cancellation or deferral of dividends and interest payments Capital raising
March 2020	NZ RegCo	3.13 4.17 4.19	COVID-19 class relief for Accelerated Non-Renounceable Entitlement Offers and the pricing of retail entitlement offer components of accelerated offers
March 2020	NZ RegCo	3.5.1 3.6.1 3.12.1 4.3.1 4.5.1 4.17	COVID-19 class relief for periodic reporting requirements COVID-19 class relief for equity capital raising capacity
January 2020	NZX and NZ RegCo	3.5.1 3.6.1	Thematic review on material information Guidance on MAP data entry "Gross value" definition for major transactions

Archived Issuer Updates

View Archive

NZX Participant Updates

NZX's periodic update for participants includes updates on regulatory and policy matters.

Current and historical versions of the NZX Participant Updates can be read below:

Thematic Review

The 2019 thematic review focused on issuer practices for identifying and flagging market announcements containing Material Information. The review is intended to provide insights and guidance to issuers and their advisers in support of market disclosures.

The Thematic Review for 2019 can be viewed here.

Past years' reports can be viewed here.