The New Zealand Stock Exchange (NZSE) was established by the Sharebrokers Amendment Act 1981. It approves membership applications and oversees the management of the NZSE.
A Market Surveillance Panel monitors the behavior of listed issuers and is responsible for enforcing and administering the NZSE Listing Rules.
All trading is conducted through stockbrokers who are official members of the NZSE and work on a commission basis. The NZSE operates a screen-based trading system and there are no trading floors. It has a user-pays share price service that provides updates on share price movements, this is available in print and electronic format.
Listing on the New Zealand Stock Exchange
To be listed on the NZSE a company must:
- Have a market value of NZ$5 million.
- Have at least 500 public shareholders, who together hold at least 25% of the securities of each listed class.
- Fully comply with NZSE disclosure and other continuing obligations.
Once a company is listed, it must follow the rules that protect shareholders and investors, as specified in the NZSE Listing Rules.
Like most people, I have many passions, goals and dreams. As a self made business professional, my focus is helping my clients, associates and friends, build, strengthen and maintain their success. It would be fair to say I am in the full time business of building relationships and feel my purpose and skill is connecting the right people with the right people.
My professional work tends to dominate my personal life, to the horror of my friends and business mentor. They fully support me yet give me the hard truths when I need to hear this. I am always investing in my personal development to have a fulfilled work/life balance. I enjoy Target Shooting, Hiking & Mountain Biking to clear the brain and to take the guilt away when indulging at a quirky cafe for a cooked breakfast or brunch.
My passion for travelling has seen me experience the world on many occasions, my next adventure will be doing the Tibet Rail Journey on the Qinghai-Tibet Railway from Lhasa to Golmud as long as they have Wi-Fi aboard. I have many goals I still wish to achieve but am pretty chuffed that I have accomplished so many of these already.
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