Rules and Guidance Consultations

This page includes details of market developments and consultations undertaken by NZX on the NZX rules set.

Should you wish to receive updates on policy related matters, please email us at policy@nzx.com with your request to be added to our mailing list.

This page was last updated on 1 November 2024.

Third-Party Clearing and Direct Margining

NZX and NZX Clearing are consulting on amendments to support the preferred clearing and settlement arrangements for participants in relation to the relaunch of the S&P/NZX20 Index Futures Contract (NZX20 Futures).

The proposed amendments better facilitate the preferred third-party clearing structures for the settlement of Trades executed on the NZX Derivatives Market in relation to NZX20 Futures, promoting innovation and flexibility in NZX's markets. The consultation materials, along with exposure drafts of the proposed amendments to NZX's regulatory settings are available below:

• Consultation Paper
• NZX Derivatives Market Rules Exposure Draft
• NZX Derivatives Market Procedures Exposure Draft
• New Zealand Clearing Limited Clearing & Settlement Rules Exposure Draft
• New Zealand Clearing Limited Clearing & Settlement Procedures Exposure Draft
• New Zealand Depository Limited Depository Operating Rules Exposure Draft
• New Zealand Depository Limited Depository Operating Procedures Exposure Draft
• Capital Adequacy Guidance Note Exposure Draft

We invite interested parties to provide their views on the matters raised in the consultation paper by emailing a written submission to policy@nzx.com. Alternatively, please get in contact with us to provide a verbal submission. Please note that the final date for submissions is Friday, 29 November 2024.