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To order a printed copy of the NZX Participant Rules, please contact us.

         Contents (PDF, 113 KB)

1. Definitions and administration (PDF, 322KB)
2. Summary of rules for market participants and FASTER registries (PDF, 80KB)
3. Market participants (PDF, 208KB)
4. Trading participants (PDF, 103KB)
5. Client advising participants (PDF, 129KB)
6. Delivery and settlement participants (PDF, 83KB)
7. Primary market participants (PDF, 95KB)
8. General obligations of all market participants and advisors (PDF, 120KB)
9. Client advising (PDF, 224KB)
10. Trading - general obligations (PDF, 466KB)
11. Trading on behalf of Clients (PDF, 192KB)
12. Market makers (PDF, 83KB)
13. Delivery and settlement (PDF, 260KB)
14. Client assets (PDF, 116KB)
15. Capital adequacy (PDF, 177KB)
16. NZX Supervision (PDF, 154KB)
17. NZX powers (PDF, 108KB)
18. FASTER registries (PDF, 64KB)

Appendices

1. Appendix 1 - Market participant application form (WORD, 148KB)
   • Appendix 1(a) - Managing principal - statutory declaration (WORD, 71KB)
   • Appendix 1(b) - Responsible executive application form (WORD, 88KB)
   • Appendix 1(c) - Responsible executive - statutory declaration (WORD, 64KB)
   • Appendix 1(d) - Directors/partners statutory declaration (WORD, 66KB)
   • Appendix 1(e) - Compliance manager of market participant - Undertaking (WORD, 67KB)
   • Appendix 1(f) - Surveillance officer - Undertaking (WORD, 67KB)
2. Appendix 2 - Dealer/DMA Dealer application form (WORD, 88KB)
   • Appendix 2(a) - Dealers/DMA Dealers Statutory declaration (WORD, 66KB)
   • Appendix 2(b) - Undertaking from trading participant for Dealer/DMA Dealer (WORD, 64KB)
   • Dealer/DMA Dealer – Designation of Access Rights (WORD, 27KB)
   • Appendix 2(d) - Trading System - Firm Manager & Enquiry Access (WORD, 33KB)
   • Appendix 2(e) - Dealer/DMA Dealer – Application for Removal (WORD, 28KB)
3. Appendix 3 - NZX Advisor/NZX Associate Advisor application form (WORD, 87KB)
   • Appendix 3(a) - NZX Associate Advisor/NZX Advisor statutory declaration (WORD, 68KB)
   • Appendix 3(b) - NZX associate advisor/NZX Advisor - Written undertaking from Market Participant (WORD, 73KB)
   • Appendix 3(c) - NZDX Advisor application form (WORD, 88KB)
   • Appendix 3(d) - NZDX Advisor - statutory declaration (WORD, 66KB)
   • Appendix 3(e) - NZDX Advisor - Undertaking from market participant (WORD, 73KB)
4. Appendix 4 - FASTER Settlement Officer application form (WORD, 85KB)
   • Appendix 4(a) - FASTER Settlement Officer - statutory declaration (WORD, 65KB)
   • Appendix 4(b) - Written undertaking from delivery and settlement participant for FASTER Settlement Officers (WORD, 67KB)
   • Appendix 4(c) - FASTER Settlement Officer – Designation of Access Rights (WORD, 33KB)
   • Appendix 4(d) - FASTER Settlement Enquiry, Shareholder Balance Enquiry, CSN Access (WORD 28KB)
   • Appendix 4(e) - FASTER Settlement Officer – Application for Removal (WORD, 25KB)
5. Appendix 5 - Minimum requirement for a post-trade agreement (WORD, 62KB)
6. Appendix 6(b) - Authority to act distribution and underwriting (WORD, 62KB)
7. Appendix 8 - Arbitrageur application form (WORD, 81KB)
8. Appendix 9(a) - Undertaking from Director/partner for FASTER Registry (WORD, 63KB)
9. Appendix 10 - DMA Participant Application Form (WORD, 91KB)
10. Appendix 11 - NZX Trainer Application form - Settlement and Trading (WORD, 91KB)
    • Appendix 11(a) - Written Undertaking from Market Participant for NZX Trainer (WORD, 34KB)
    • Appendix 11(b) - NZX Trainer - notification of resignation (WORD, 32KB)

NZX Participant Rules - Guidance Notes

Following the changes to the NZX Participant Rules in 2007, NZX has reviewed and reissued the Guidance Notes under the existing numbers.

• GN0001/04 - Know Your Client: Section 9 (PDF, 102 KB)
• GN0002/04 - Trading on Behalf of a Client (PDF, 104 KB)
• GN0003/04 - Capital Adequacy (PDF, 95 KB)
  • NZX FF1&2 - Monthly Reporting (Trial Balance Summary and Liquidity and Equity Statement) (Excel, 30 KB)
  • NZX FF3 - Summary Report (Excel, 69 KB)
  • NZX FF4 - Daily Underwriting (Excel, 62 KB)
• GN0004/04 - Schedule of Registers, Records and Training (PDF, 103 KB)
• GN0005/04 - Delivery and Settlement (PDF, 70 KB)
• GN0006/04 - NZX Sponsors (PDF, 72 KB)
• GN0007/04 - Direct Full Time Control of Broking offices and Supervision of Advisors yet to be Accredited (PDF, 108KB)
• GN0008/05 - Client Assets (PDF, 119KB)
• GN0009/05 - One-Off Sales (PDF, 59KB)
• GN0010/06 - Monthly ICC (PDF, 37KB)
  • NZX ICC Template (WORD, 216KB)
• GN0011/06 - Stands in the Market (PDF, 54KB)
• GN0012/06 - Information Controls at NZX Market Participants (PDF 64KB)
• GN0013/07 - Conflict Management procedures (PDF 100KB)
• GN0014/07 - Compliance Monitoring Plans (PDF 74KB)
• Guidance note - Share Purchase Plans (01 May 2007) (PDF, 92KB)
• GN0015/08 - Market Manipulation (PDF, 114KB)
• GN0016/08 - Reporting Short Sales (PDF, 80KB)
  

Please note that NZX will provide additional Guidance Notes as and when required. Any additional Guidance Notes will be posted here on the website.

NZX Participant Rules - Practice Notes

Following the changes to the NZX Participant Rules in 2007, NZX has reviewed and reissued the Practice Notes under the existing numbers.

• PN 01/04 - Daily Liquidity Reporting
• PN 02/05 - Direct Market Access
• PN 03/05 - Client Agreements
• PN 04/05 - Waivers from and Rulings on the NZX Participant Rules
• PN 05/05 - Ex Record Date Conversion (Withdrawn)
• PN 06/05 - Client Funds for NZX Advising Firms
• PN 07/08 - Monthly Reporting
• PN 08/05 - Bank Reconciliation Standards
• PN 09/05 - Overdraft Reporting
  • PN 09/05 - Overdraft Reporting Template
• PN 10/05 - FASTER Training and Accreditation
• PN 11/06 - Annual Reporting Return

Please note that NZX will provide additional Practice Notes as and when required. Any additional Practice Notes will be posted here on the website.

Archived NZX Participant Rules

 

Disclaimer: NZX Regulation section is provided as general information only. It is not intended as a substitute for legal or professional advice to company directors and officers or investors. NZX Limited disclaims any liability arising from the use of this information.

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