Participant Rules Archive

October 2026

• NZX Participant Rules (19 February 2026) PDF951.53 KB
• NZX Participant Rule Procedures (17 November 2025) PDF405.91 KB

November 2025

NZX Participant Rules PDF948.35 KB

22 April 2025

NZX Participant Rules (22 April 2025) PDF961.74 KB

NZX Participant Rule Procedures (22 April 2025) PDF418.78 KB

20 March 2024

NZX Participant Rules (20 March 2024) PDF2.20 MB

1 January 2020

NZX Participant Rules (1 January 2020) PDF2.16 MB

1 July 2019

NZX Participant Rules (1 July 2019) PDF808.17 KB

8 October 2018

NZX Participant Rules (8 October 2018) PDF825.03 KB

1 December 2017

NZX Participant Rules (1 December 2017) PDF1.78 MB

NZX Participant Rule Procedures (1 December 2017) PDF464.25 KB

7 March 2016

NZX Participant Rules (7 March 2016) PDF2.06 MB

NZX Participant Procedures (26 September 2014) PDF626.28 KB

1 December 2015

NZX Participant Rules (1 December 2015) PDF2.07 MB

16 April 2015

NZX Participant Rules (16 April 2015) PDF1.08 MB

September 2014

NZX Participant Rules (26 September 2014) PDF2.01 MB

NZX Participant Procedures (12 September 2014) PDF606.83 KB

November 2013

NZX Participant Rules (8 November 2013) PDF1.28 MB

May 2004 to 1 March 2007

• Contents PDF112.38 KB
• Definitions and administration PDF321.84 KB
• Summary of rules for market participants and FASTER registries PDF79.02 KB
• Market participants PDF207.88 KB
• Trading participants PDF102.41 KB
• Client advising participants PDF128.19 KB
• Delivery and settlement participants PDF82.04 KB
• Primary market participants PDF94.98 KB
• General obligations of all market participants and advisors PDF119.90 KB
• Client advising PDF223.76 KB
• Trading - general obligations PDF465.91 KB
• Trading on behalf of clients PDF191.91 KB
• Market makers PDF82.26 KB
• Delivery and settlement PDF259.29 KB
• Client assets PDF115.88 KB
• Capital adequacy PDF176.96 KB
• Accounting, audit and surveillance PDF153.63 KB
• NZX powers PDF107.97 KB
• FASTER registries PDF63.64 KB

Appendices

• Appendix 1 - Market participant application form CDFV2149.50 KB
• Appendix 1A - Managing Principal - Statutory Declaration CDFV260.50 KB
• Appendix 1(a) - Responsible executive application form CDFV285.00 KB
• Appendix 1B - Responsible Executive - Application Form CDFV290.50 KB
• Appendix 1D - Directors / Partners Statutory Declaration CDFV257.50 KB
• Appendix 1E - Compliance Manager - Undertaking CDFV270.00 KB
• Appendix 1F - Surveillance Officer - Undertaking CDFV270.00 KB
• Appendix 2 - Dealer / DMA Dealer - Application Form CDFV291.00 KB
• Appendix 2A - Dealer /DMA Dealer - Statutory Declaration CDFV268.00 KB
• Appendix 2(a) - Managing principal - statutory declaration CDFV265.50 KB
• Appendix 2B - Undertaking from Trading Partner for Dealer / DMA Dealer CDFV257.50 KB
• Appendix 2(b) - Responsible executive - statutory declaration CDFV264.50 KB
• Appendix 2C - Dealer / DMA Dealer - Designation of Access Rights CDFV227.50 KB
• Appendix 2D - Trading System - Firm Manager and Enquiry Access CDFV229.50 KB
• Appendix 2E - Dealer /DMA Dealer - Application for Removal CDFV228.00 KB
• Appendix 3 - NZX Associate Advisor / NZX Advisor - Application Form CDFV291.00 KB
• Appendix 3 - Directors/partners statutory declaration CDFV266.00 KB
• Appendix 3A - NZX Associate Advisor / NZX Advisor - Statutory Declaration CDFV262.00 KB
• Appendix 3B - NZX Associate Advisor / NZX Advisor - Undertaking from Market Participant CDFV268.50 KB
• Appendix 3C - NZDX Advisor- Application Form CDFV291.00 KB
• Appendix 3D - NZDX Advisor - Statutory Declaration CDFV261.50 KB
• Appendix 3E - NZDX Advisor - Undertaking from Market Participant CDFV268.00 KB
• Appendix 5 - Surveillance officer of market participant - Undertaking CDFV272.00 KB
• Appendix 6 - FASTER Dealer/FASTER DMA Dealer application form CDFV287.00 KB
• Appendix 6A - Authority to Act (excluding Distribution and Underwriting) CDFV287.00 KB
• Appendix 6a - FASTER Dealer/FASTER DMA Dealer – Designation of Access Rights CDFV226.50 KB
• Appendix 6a(i) - FASTER Trading - Enquiry_Firm Manager Access CDFV228.00 KB
• Appendix 6b - FASTER Dealer/FASTER DMA Dealer – Application for NZX Removal CDFV227.50 KB
• Appendix 6C - NXT Advisor - Declaration CDFV261.50 KB
• Appendix 7 - Market Maker Application Form CDFV289.00 KB
• Appendix 7 - Statutory declaration - NZX FASTER Dealers/FASTER DMA Dealers CDFV266.50 KB
• Appendix 8 - Arbitrageur Application Form CDFV284.50 KB
• Appendix 8 - Written undertaking from trading participant for NZX FASTER Dealer/FASTER DMA Dealer CDFV266.00 KB
• Appendix 9 - Minimum requirement for a post-trade agreement CDFV263.00 KB
• Appendix 10 - Direct Market Access Participant Application Form CDFV289.00 KB
• Appendix 10 - NZDX Advisor application form CDFV288.50 KB
• Appendix 11 - NZX Trainer Application Form - Trading CDFV285.50 KB
• Appendix 11 - NZDX Advisor - statutory declaration CDFV268.00 KB
• Appendix 11A - Written Undertaking from Market Participant for NZX Trainer CDFV235.00 KB
• Appendix 11B - NZX Trainer - Notification of Resignation CDFV226.50 KB
• Appendix 12 - Written undertaking from market participant in the NZDX Market CDFV273.50 KB
• Appendix 12A - FSM Participant/RMA Provider Application Form CDFV2314.50 KB
• Appendix 12B - FSM Dealer/FSM DMA Dealer Application Form CDFV2330.00 KB
• Appendix 13 - NZX Advisor/NZX Associate Advisor application form CDFV286.50 KB
• Appendix 14 - NZX Associate Advisor/NZX Advisor statutory declaration CDFV268.00 KB
• Appendix 15 - FASTER Settlement Officer application form CDFV285.00 KB
• Appendix 15a - FASTER SETTLEMENT OFFICER – Designation of Access Rights CDFV226.00 KB
• Appendix 15a(i) - FASTER Settlement Other Access Rights CDFV226.00 KB
• Appendix 15b - FASTER SETTLEMENT OFFICER – Application for NZX Removal CDFV232.50 KB
• Appendix 16 - FASTER Settlement Officer - statutory declaration CDFV270.00 KB
• Appendix 17 - Written undertaking from delivery and settlement participant regarding FASTER Settlement Officers CDFV268.00 KB
• Appendix 18 - Authority to act CDFV262.00 KB
• Appendix 19 - Market maker application form CDFV285.00 KB
• Appendix 20 - Arbitrageur application form CDFV280.50 KB
• Appendix 21 - FASTER Registry application form CDFV298.00 KB
• Appendix 22 - Directors/partners undertaking CDFV264.50 KB

Guidance Notes

GN0001/04 - Know Your Client: Section 9 PDF105.91 KB

GN0002/04 - Trading on Behalf of a Client PDF185.14 KB

GN0003/04 - Capital Adequacy PDF177.54 KB

NZX FF1&2 - Monthly Reporting (Trial Balance Summary and Liquidity and Equity Statement)

NZX FF3 - Summary Report

NZX FF4 - Daily Underwriting

GN0004/04 - Schedule of Registers, Records and Training PDF109.22 KB

GN0005/04 - Delivery and Settlement PDF69.67 KB

GN0006/04 - NZX Sponsors PDF67.45 KB

GN0006/04 - NZX Sponsor Declaration/Certificate PDF28.12 KB

GN0007/04 - Direct Full Time Control of Broking offices and Supervision of Advisors yet to be Accredited PDF74.76 KB

GN0008/05 - Client Assets PDF115.63 KB

GN0009/05 - One-Off Sales PDF57.20 KB

GN0010/06 - Monthly ICC PDF32.14 KB

NZX ICC Template

GN0011/06 - Stands in the Market PDF54.04 KB

GN0012/06 - Information Controls at NZX Market Participants PDF63.09 KB

Practice Notes

PN 01/04 - Daily Liquidity Reporting PDF81.71 KB

PN 02/05 - Direct Market Access PDF61.78 KB

PN 03/05 - Client Agreements PDF58.02 KB

PN 04/05 - Waivers from and Rulings on the NZX Participant Rules PDF77.98 KB

PN 05/05 - Ex Record Date Conversion (Withdrawn)

PN 06/05 - Client Funds for NZX Advising Firms PDF63.08 KB

PN 07/05 - Monthly Reporting PDF84.92 KB

PN 08/05 - Bank Reconciliation Standards PDF56.99 KB

PN 09/05 - Overdraft Reporting PDF71.45 KB

PN 09/05 - Overdraft Reporting Template

PN 10/05 - FASTER Training and Accreditation PDF83.73 KB

PN 11/06 - Annual Reporting Return PDF57.11 KB

Business Notes

The Business Rules and Regulations have been replaced by the NZX Participant Rules.

Business Rules June 2003 PDF270.10 KB

Business Rules Comparison PDF346.41 KB

Regulations Code of Practice PDF138.13 KB

NZX Regulations - Guidance Notes PDF207.99 KB