Celebrating 25 Years of Scoop
Minister welcomes NZX growth market approval
Hon Craig Foss
Minister of
Commerce
29 September 2014 Media Statement
Minister welcomes NZX growth market approval
Commerce Minister Craig Foss today welcomed the Financial Markets Authority (FMA) approval of new rules for NZX’s growth market.
Mr Foss granted an exemption in July to allow the new growth market to operate with an alternative disclosure regime.
“I am pleased to see the rules have now been formally approved by the FMA. The aim is to reduce the barriers to capital-raising for New Zealand’s smaller and high-growth businesses and provide new opportunities for investors,” Mr Foss says.
“The new market will have additional features such as a research provision, market-making services and the support of a dedicated sponsor.
“Encouraging new public growth markets is part of the Government’s Business Growth Agenda. The NZX growth market complements our comprehensive work programme to build high-performing capital markets and enable New Zealand businesses to seize opportunities at home and abroad.”
Gordon Campbell: On New Zealand’s Timid Reluctance To Tax The Rich
NZ Government: Honouring The Legacy Of New Zealand’s Suffragists
Companion Animals NZ: Stronger Push For Responsible Cat Ownership Likely To See More Councils Require Microchipping & Desexing
E tū: Government’s Contractors Proposal “Designed To Lock In Exploitation”
NZ Police: Three-year Investigation Into Comancheros Results In Over 100 Charges Laid, Assets Restrained
Te Pāti Māori: Government Warned - Increasing Snapper Quota Breaches Fisheries Settlement
Global Road Safety Partnership: Open Letter To NZ Prime Minister & Minister Of Transport - Grave Concerns Over Proposed Speed Increases
