Scoop has an Ethical Paywall
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.
ENDS
FSCL: Woman Scammed Out Of $25,000 After Job Offer On LinkedIn
NIWA: Cheers To Crustaceans - New Species Named After Welly Brewery
MBIE: Trans-Tasman Earth Observation Research Studies Confirmed
NZ Association of Scientists: Royal Society Te Apārangi Governance Submissions Close - NZAS Submission
HortPlus: Project Aims To Improve Quality Of Weather Data In New Zealand
Air New Zealand: Air New Zealand And Cathay Pacific Welcome New Zealand Ministerial Approval To Extend Partnership
