S&P/NZX 20 Index Futures Omnibus Rule Changes

5 December 2024
S&P/NZX 20 Index Futures Omnibus Review: Notice of Rule and Procedure Amendments
Earlier this year, NZX and NZX Clearing consulted on changes to its regulatory settings to
support broader participation in relation to the S&P/NZX 20 Index Futures relaunch, which
include changes to compliance attestation periods and changes to NZX Clearing’s set-off and
collateral requirements.
NZX and NZX Clearing have received necessary approvals from the FMA and RBNZ (as
appropriate) and wish to notify the market of changes to the following rules and procedures:
• NZX Participant Rules and Appendices
• NZX Derivatives Market Rules and Procedures
• New Zealand Clearing Limited, C&S Rules and Procedures
• New Zealand Depository Limited, Depository Operating Procedures
• Trading Conduct Guidance Note
The updated Rules, Procedures and Guidance Note referred to above will become effective on
Friday 17 January 2025.
NZX also notes that it has suspended trading in the S&P/NZX Index 20 Futures Contract pending
the relaunch of the product to prevent open interest arising in the contracts prior to the
relaunch.
For more information on the project relating to the relaunch of the S&P/NZX Index 20 Futures
Contracts please refer to the link below;
NZX, New Zealand's Exchange- S&P/NZX 20 Index Futures Relaunch Project
Amendments
A mark-up of the amendments to the Rules and Procedures described above, along with the
amended Trading Conduct Guidance Note, are available at the link below:
NZX, New Zealand's Exchange- Upcoming Rules & Guidance Changes
For further information, please contact:
Kristin Brandon
Head of Policy & Regulatory Affairs
T: 04 495 5054
M: 027 577 6994
E: kristin.brandon@nzx.com