Commerce Minister Craig Foss today welcomed the Financial Markets Authority (FMA) approval of new rules for NZX’s growth market.
Mr Foss granted an exemption in July to allow the new growth market to operate with an alternative disclosure regime.
“I am pleased to see the rules have now been formally approved by the FMA. The aim is to reduce the barriers to capital-raising for New Zealand’s smaller and high-growth businesses and provide new opportunities for investors,” Mr Foss says.