Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Securities Commission Considers NZX Referral

17 May 2006

Securities Commission Considers NZX Referral

The Securities Commission has received a referral from the NZX relating to comments reported to have been made by the Telecommunications Minister David Cunliffe on Telecom’s dividend policy.

The NZX referral was made on the basis of complaints from market participants that the Minister’s reported comments may have resulted in trading in Telecom’s shares when the information was not available to the whole market.

“The Commission’s purpose is to strengthen investor confidence and foster capital investment in New Zealand,” temporary Deputy Chairman Lloyd Kavanagh says.

“This depends on well informed markets and high standards of disclosure. The markets are best served when investors have equal access to material information, so that they can trade on the same information at the same time.”

The Commission is considering the referral and has no further comment at this time.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>