tiktok³ÉÈË°æ

The Stock Exchange Agreement serves as the foundational document for establishing and operating a securities exchange in New Zealand. It is primarily used when setting up a new exchange or updating the regulatory framework of an existing one. The agreement must comply with the Financial Markets Conduct Act 2013 and other relevant New Zealand legislation, incorporating requirements from the Financial Markets Authority (FMA) and international best practices. This document typically includes comprehensive provisions for trading operations, market supervision, risk management, membership criteria, and technological infrastructure. The Stock Exchange Agreement is essential for ensuring market integrity, transparent trading operations, and regulatory compliance while providing clear guidelines for all market participants.

1. Parties: Identification of the contracting parties, including the exchange operator and relevant authorities

2. Background: Context of the agreement, regulatory framework, and purpose of the stock exchange

3. Definitions: Comprehensive definitions of terms used throughout the agreement

4. Grant of License: Authorization to operate as a stock exchange and scope of permitted activities

5. Regulatory Compliance: Obligations to comply with Financial Markets Conduct Act and other relevant legislation

6. Exchange Rules and Operations: Framework for establishing and maintaining exchange rules and trading procedures

7. Trading Systems: Requirements for maintaining reliable and secure trading systems

8. Market Supervision: Obligations for market monitoring, surveillance, and enforcement

9. Membership: Criteria and procedures for exchange membership

10. Listing Requirements: Standards and procedures for listing securities

11. Risk Management: Systems and procedures for managing market and operational risks

12. Data Protection and Confidentiality: Requirements for handling sensitive market and participant information

13. Fees and Charges: Framework for setting and collecting exchange fees

14. Reporting Requirements: Obligations for regular reporting to regulators and stakeholders

15. Term and Termination: Duration of agreement and circumstances for termination

16. Dispute Resolution: Procedures for resolving disputes between parties

17. General Provisions: Standard legal provisions including notices, amendments, and governing law