skip to Main Content

NZ Emissions trading scheme oversight Bill


PAST SUBMISSION (Deadline was 24.12.2022)

The Government is engaging with stakeholders about its proposals to improve governance of the market for New Zealand Units (NZU).

This engagement seeks feedback on the impact of treating NZUs as financial products, the leveraging of existing financial market legislation, and on alternative market governance proposals considered as part of the policy design phase.

Proposed changes include:

  • Using existing financial legislation to regulate the market, which will prohibit insider trading and market manipulation.
  • Requiring market operators of NZU exchanges to be licensed as a financial product market.
  • Regulating NZU financial advice, transaction and/or custodial services to bring these in line with the Financial Markets Conduct Act.
  • Improving transaction reporting to bring transparency to trading of NZUs, including the price and type of stakeholder buying or selling (while protecting sensitive information).
  • Improving transparency in transactions and providing participants with an optional centralised exchange.

The government is carrying out targeted engagement with stakeholders most impacted by the proposals. The consultation is also open to any member of the public who wishes to submit a response. Feedback will inform NZ ETS market governance policy decisions which will be made in early 2023.

Read the consutation document here.

View the glossary and appendices of the document here.

If you have any questions, contact

How to make a submission:

Make an online submission here.

Subscribe to Our Newsletter

Subscribe to our newsletter to receive the latest news, events, submissions, petitions and more directly in your inbox. We will not spam and you can cancel at anytime.

Back To Top