Pursuant to section 331 of the Financial Markets Conduct Act 2013, the Financial Markets Authority (FMA) on 15 December 2015 approved rule changes for the licensed markets operated by NZX Limited, as contained in the Financial Markets Conduct Act (NZX Markets – Standard Settlement) Approval of Market Rules Notice 2015.

The following rules and appendices have been approved:

• NZX Main Board/Debt Market Listing Rules provided by NZX to the FMA for approval on 20 October 2015.
• Appendices to the NZX Main Board/Debt Market Listing Rules provided by NZX to the FMA for approval on 20 October 2015.
• NZAX Listing Rules provided by NZX to the FMA for approval on 20 October 2015.
• Appendices to the NZAX Listing Rules provided by NZX to the FMA for approval on 20 October 2015.
• NXT Market Procedures provided by NZX to the FMA for approval on 20 October 2015.
• FSM Rules provided by NZX to the FMA for approval on 20 October 2015.
• NZX Participant Rules provided by NZX to the FMA for approval on 4 December 2015.

The rules and appendices as approved incorporate amendments necessary to effect a change to NZX’s standard settlement cycle, from trade date plus three business days (“T+3”) to trade date plus two business days (“T+2”) for cash trades on NZX’s markets.

A copy of the notice is available on the FMA’s website

www.fma.govt.nz

Copies are also available for purchase on request to the Financial Markets Authority, Level 2, 1 Grey Street, Wellington, or Level 5, Ernst & Young Building, 52–70 Galway Street, Britomart, Auckland, or by post to PO Box 1179, Wellington 6140.