Financial Markets Conduct (Catalist Public Market) Approval of Market Rules Notice 2021

Pursuant to section 332(1) of the Financial Markets Conduct Act 2013, the Financial Markets Authority gives the following notice.

Contents

1 Title
2 Commencement
3 Interpretation
4 Approval of market rules

Notice

1 Title

This notice is the Financial Markets Conduct (Catalist Public Market) Approval of Market Rules Notice 2021.

2 Commencement

This notice comes into force on 22 June 2021.

3 Interpretation

(1) In this notice, unless the context otherwise requires, -

Act means the Financial Markets Conduct Act 2013
Catalist means Catalist Markets Limited
FMA means the Financial Markets Authority
Regulations means the Financial Markets Conduct (Catalist Public Market) Regulations 2021

(2) Any term or expression that is defined in the Act and used, but not defined, in this notice has the same meaning as in the Act or the Regulations.

4 Approval of market rules

1. Pursuant to section 331 of the Act, and regulation 11 of the Regulations, the FMA approves the rules provided by Catalist to the FMA on 2 June 2021, as further amended on 12 June 2021, as market rules for Catalist Public Market as follows:

(a) Issuer Rules are approved as listing rules for Catalist Public Market operated by Catalist
(b) Investor Terms and Conditions, Parts A and B, are approved as business rules for Catalist Public Market operated by Catalist.

Dated at Wellington this 21 June 2021.

Sarah Vrede
Director of Capital Markets
Financial Markets Authority

Explanatory Note

This note is not part of the notice, but is intended to indicate its general effect.

This notice approves market rules for Catalist Public Market, a new financial product market operated by Catalist Markets Limited for small- and medium- sized issuers where financial products are to be traded in auctions.

For purposes of Part 5 of the Act, the Issuer Rules are the listing rules, and the Investor Terms and Conditions, Parts A and B, are the business rule for Catalist Public Market.

The approved market rules come into effect on 22 June 2021 to align as much as possible with the effective date of the financial product market licence granted to Catalist and the Regulations

Download Financial Markets Conduct (Catalist Public Market) Approval of Market Rules Notice 2021 [170KB]