Rules and Guidance Consultations
This page includes details of market developments and consultations undertaken by NZX on the NZX rule sets.
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 30 July 2026.
Tiered compliance
NZX is consulting on amendments to the NZX Listing Rules and NZX Corporate Governance Code, and the introduction of a new Guidance Note, to introduce differential settings for SME issuers within the NZX Listing Rules.
Under the proposals, issuers that qualify for SME Issuer status would be able to elect to be subject to a modified set of obligations under the NZX Listing Rules, including reduced requirements relating to governance, related party transactions and capital raisings.
Additional proposals
We are also consulting on additional proposals that are relevant to all issuers, including:
- increasing the de-minimis threshold below which shareholder approval is not required for related party transactions from $250,000 to $500,000 (Rule 5.2.2(i)), and
- requiring issuers to look through all custodial holdings (rather than only those of the NZ CSD) for annual reporting disclosures relating to the 20 largest holders (Rule 3.7.1(c)).
Consultation materials
The consultation paper, along with exposure drafts of the proposed amendments, are available below:
- Consultation Paper PDF298.05 KB
- Exposure Draft – NZX Listing Rules PDF1.33 MB
- Exposure Draft – NZX Corporate Governance Code PDF2.99 MB
- Exposure Draft – Guidance Note PDF514.47 KB
We invite interested parties to provide their viers 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, 28 August 2026.