Rules and Guidance Consultations

This page includes details of market developments and consultations undertaken by NZX on the NZX rule sets.

Should you wish to receive updates on policy related matters, please email us at policy@nzx.com with your request to be added to our mailing list.

This page was last updated on 29 May 2026.

Dual Class Share structures

NZX is consulting on amendments to the NZX Listing Rules and NZX Corporate Governance Code, and the introduction of a new Guidance Note to enable dual class share structures. These structures arise where an issuer has two classes of shares, superior shares with multiple voting rights, and ordinary shares which carry 1:1 voting rights.

We are also consulting on a minor change to remove the reference to prospective financial information (PFI) from the NZX Listing Rules.

The consultation paper, along with exposure drafts of the proposed amendments, are available below:

• Consultation Paper
• Exposure Draft – NZX Listing Rules
• Exposure Draft – NZX Corporate Governance Code
• Exposure Draft – Guidance Note

We invite interested parties to provide their viers on the matters raised in the consultation paper, by emailing a written submission to policy@nzx.com. Alternatively, please get in contact with us to provide a verbal submission. Please note that the final date for submissions is Friday, 10 July 2026.