Input on NZSE conduct rules sought

The exchange is planning to put its demutualisation to a members' vote, possibly next month, but its code of conduct must be approved by the Governor-General.

A discussion paper has been released by the Securities Commission to gather comment on behalf of Minister of Commerce Paul Swain so he can make a recommendation.

Demutualisation will transform the exchange from one owned by its members, predominantly sharebrokers, to one with shareholders and the ability to raise funds to reinvest in the business.

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