ASB Securities is a NZX firm. When you trade on the NZX markets through ASB Securities you must comply with:
A summary of some of the key requirements of good broking practice in relation to trading conduct encompassed by the NZX Participant Rules are set out below. Please note this is intended to be a brief summary of some of the key requirements of good broking practice only. You should review the NZX Rules for more detailed information on all of the requirements prior to trading through ASB Securities.
Please refer to the NZX Participant Guidance Note - Trading Conduct for further information on this requirement.
Please refer to the NZX Participant Guidance Note - Trading Conduct for further information and examples of conduct that could be viewed as market manipulation.
ASB Securities is not permitted to operate an account for a Prescribed Person of another Trading Participant or NZX Advising firm.
A Prescribed Person is:
An Employee includes all persons employed by a Market Participant and includes directors (but not independent directors), partners, employees, officers, agents, dealers, advisers and contractors. Immediate Family means the spouse or de facto partner and dependent children of an individual.
You can check whether your employer is a Market Participant on the NZX website.
If you are or if you become a Prescribed Person you should notify ASB Securities immediately.
ASB Securities systems and processes
ASB Securities has systems and processes in place to identify orders that may breach the above requirements. If ASB Securities considers that an order placed contravenes the NZX Rules, ASB Securities may intervene to stop or amend the order to ensure compliance with the NZX Rules.
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