NZX statement on FMA Market Operator Obligations Report

NZX statement on FMA Market Operator Obligations Report
28 January 2021 –
NZX has closely reviewed the Financial Markets Authority (FMA) report, Market
Operator Obligations Targeted Review – NZX, and acknowledges the FMA's conclusions that, in certain
respects, NZX breached its market operator obligations in relation to its technology resources.
NZX Chief Executive, Mr Mark Peterson said NZX takes its market operator obligations extremely
seriously. “We acknowledge the issues that have affected our technology platforms and market
participants in 2020.”

“NZX accepts that it did not meet the high standards it sets for itself in key areas of technology resources.
We also agree that improvements are required and we are committed to delivering these improvements
via an action plan that will be agreed with the FMA. We will work constructively with the FMA through that
process and engage closely with the broader capital markets technology ecosystem,” he said.

ENDS
For further information, please contact:
Media – David Glendining 027 301 9248
Investors – Graham Law 029 494 2223


About NZX:

For more than 150 years we have been creating opportunities for Kiwis to grow their personal wealth and
helping businesses prosper. As New Zealand’s Exchange, we are proud of our record in supporting the
growth and global ambitions of local companies.

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. Our NZX Wealth Technologies subsidiary is an online asset management
platform. Learn more about us at: www.nzx.com