Issuer Training Modules
If you are the Primary Authorised Representative for a primary listed equity Issuer, you are required to pass the prescribed test requirements of all eight training modules.
Existing Issuers – Listing Rule requirements
The NZX Listing Rules (including Listing Rule 1.7.2 and 1.22) require issuers to appoint a Primary Authorised Representative and a Secondary Authorised Representative.
These requirements include that primary listed equity Issuers must ensure that their Primary Authorised Representative has successfully completed the Authorised Representative Training. The relevant Primary Authorised Representatives must pass the test of all eight modules to meet this requirement. Users will receive email confirmation after passing the test for each module.
NZ RegCo encourages Secondary Authorised Representatives to complete Authorised Representative Training, although there is no Listing Rule requirement for them to do so.
Prospective Issuers
Applicants who are seeking to list on NZX must also appoint a Primary and Secondary Authorised Representatives. Primary Authorised Representatives for primary listed equity Issuers must successfully complete the Authorised Representative Training prior to listing.
Training Modules
The Issuer Training Modules are available here:
Issuer Training ModulesThe Primary Authorised Representative for each primary listed equity Issuer is required to access all training modules via this link and pass the prescribed test for each module.
The modules include a test and are designed, subject to individual professional requirements, to qualify for continuing professional development (CPD) time. Each module is expected to take no more than one hour to complete.
The NZX Listing Rule training modules are:
| Subject | Summary |
|---|---|
Continuous Disclosure | Information on Continuous Disclosure, when disclosure is required, and other disclosure obligations under the NZX Listing Rules |
Shareholder Meetings | NZX Listing Rule obligations that apply in relation to shareholder meetings |
Periodic Reporting | Summary of financial reporting obligations along with other event-based disclosures under the NZX Listing Rules |
Issuing Securities and Raising Capital | Information on raising capital and issuing securities, including disclosure requirements, prescribed templates, and MAP data |
Trading Halts and Suspensions | Information on trading halts and suspensions, and the process issuers and advisers must follow when seeking one |
Regulatory Landscape for NZX Listed Issuers | Information on NZX and NZ RegCo, including a summary of various matters NZX listed issuers should be aware of |
Corporate Governance | Key corporate governance requirements under the NZX Listing Rules, and the NZX Corporate Governance Code |
Major and Related Party Transactions | Overview of major and related party transactions including information issuers should include in a notice of meeting |
The Authorised Representative Training (as defined in the Listing Rules) is the online training and associated tests. To complete the Authorised Representative Training, an Authorised Representative must pass the test for each of the eight modules.
Refresher training
Primary Authorised Representatives for primary listed equity issuers must undertake the Authorised Representative Training every three years. The date that Authorised Representatives must use to calculate this anniversary is the date that all eight modules were completed, and the tests were passed.
Authorised Representative Training
Under the Listing Rules, the Authorised Representative Training means training on Listing Rules and other Issuer compliance matters that is prescribed by NZX from time to time.
The prescribed Authorised Representative Training comprises the online training modules and associated tests available using the link above.
NZ RegCo retains records of completion of the Authorised Representative Training. Primary Authorised Representatives who are required to have completed the Authorised Representative Training do not need to complete the training modules until their next due date.
Questions
If you have any questions in relation to the Issuer Training Modules please contact NZ RegCo Issuer Regulation. Email: issuer@nzregco.com or phone: +64 4 495 2825