Market Cleanliness in the New Zealand Equity Market

As New Zealand’s financial conduct regulator, the Financial Market Authority (FMA) has a statutory requirement to ensure our capital markets are fair, efficient and transparent, to encourage investors to participate and allow businesses to raise funds.

Insider trading, among other forms of market abuse, is a threat to the integrity and reputation of markets as it leads to unfair advantages for some investors over others.

Our focus is detecting and deterring insider trading and other forms of market abuse. This requires a combination of strong regulation and strict enforcement of the rules, which in turn require high-quality data and statistics.

Improving how we measure and monitor the prevalence of insider trading in the market assists the FMA in our response to market abuse. This report serves that purpose by examining the cleanliness of the New Zealand equity market since 2004.

Download Market Cleanliness in the New Zealand Equity Market 2024 [PDF] 1.5MB