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NZX has recently obtained Financial Markets Authority (FMA) approval for its proposed new market 'NXT'. NXT has been in the works since 2009, and the FMA's approval follows significant local and international research and market consultation by NZX. No date has yet been set for NXT's launch, with NZX noting that the timing will depend on companies being ready to list, but is now seen as more likely to occur in the new year.
- Moreon "Banking and commercial legal update - What's 'NXT'? The new market"