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NZX and FMA's response to COVID-19

23 March 2020

On Friday 20th March NZX and the Financial Markets Authority (FMA) made significant announcements regarding their response to COVID-19. 

NZX announces two class waivers

NZX Regulation announced two class waivers for issuers in response to the challenges posed by COVID-19.

This annoucement will be of interest to those who are considering their capital raising needs in the coming months; and/or facing internal and external pressures that may impact their ability to meet their financial reporting obligations. 

What does the annoucement cover?

  • Equity capital raising
  • Financial reporting requirements

The FMA provides regulatory relief.

Financial Markets Authority (FMA) provided both:

Information included in this insight was last updated on 23.03.2020

Please contact your local adviser for specific advice.