NZX fully operational – update COVID-19 – 23 March 2020
NZX fully operational – markets, regulatory function and services
23 March 2020 – Following the Government’s announcement on 21 March 2020 outlining the New
Zealand COVID-19 Alert Levels, NZX confirms that the capital markets – as an essential service to New
Zealand – will remain fully operational.
NZX and many of our capital markets participants have been operating in a split-team mode over recent
weeks. Trading and settlement of all activity has performed well, including under the pressure of heavy
trading volumes.
NZX has communicated its BCP status with all Participants, Issuers and Regulators in recent days, and
has assured stakeholders that we expect to be able to perform all essential functions – even if the Alert
Level in New Zealand is raised to the maximum (Level 4).
NZX is closely monitoring Government and Ministry of Health advice and has split its core markets
operational, technology and regulation teams (into two separate cohorts), with these cohorts rotating
weekly from home and work. Other teams are working remotely but have also been split so that there is
no physical contact, to reduce any risk of cross transmission between the teams or spread into the
community.
NZX sees no material risk to the operation of core trading and clearing activities, or the energy markets
we run, and has confirmed this to regulators – on the basis that we believe NZX’s BCP arrangements will
enable our markets to continue to operate effectively, even if the Alert Status is raised.
For further information:
Media – David Glendining 027 301 9248
Investors – Graham Law 029 494 2223
About NZX:
NZX operates New Zealand's equity, debt, funds, derivatives and energy markets. To support the growth
of our markets, we provide trading, clearing, settlement, depository and data services for our customers.
We also own Smartshares, New Zealand's only issuer of listed Exchange Traded Funds (ETFs), and
KiwiSaver provider SuperLife. NZX Wealth Technologies is a 100%-owned subsidiary delivering rich
online platform functionality to enable New Zealand investment advisors and providers to efficiently
manage, trade and administer their client's assets. Learn more about us at: www.nzx.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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