NZFMA “New Zealand Business Day” Guidance effective 6 October 2025
and updated supporting Q&As.
With just over one month until the NZFMA “New Zealand Business Day” (NZBD) Guidance takes effect on 6 October 2025, this Market Notice serves as a reminder of the upcoming change and the supporting materials available.
Key content:
- the NZFMA “New Zealand Business Day” (NZBD) Guidance is intended to be used by New Zealand financial market participants to determine a “New Zealand Business Day” for the purposes of transacting and settling in New Zealand’s wholesale over-the-counter financial markets,
- if a "New Zealand Business Day" is applicable to a transaction, Wellington, Auckland, and all other New Zealand provincial Anniversary Day public holidays will be good business days, for the purposes of that transaction,
- for clarity, from 2026, Auckland and Wellington Anniversary Day public holidays will be good business days for the purposes of transacting and settling in New Zealand’s wholesale over-the-counter financial markets,
- the NZBD Guidance will take effect from 6 October 2025, and
- the NZDB Guidance states that where the New Zealand Parliament legislates, at short notice, a new New Zealand public holiday, the NZFMA may issue a Market Notice specifying whether that new New Zealand public holiday is to be considered a “New Zealand Business Day” for the purposes of transacting and settling in New Zealand’s wholesale over-the counter financial markets.
Supporting Materials:
To support implementation, we have updated the "New Zealand Business Day" – Your Questions Answered document. This resource provides clarification on the application of the NZBD Guidance and addresses frequently asked questions.
The updated "New Zealand Business Day" – Your Questions Answered document, along with the full NZBD Guidance and related resources, are available on the NZFMA website.
Market participants are encouraged to review these materials and ensure appropriate operational readiness ahead of the 6 October 2025 effective date.
If you have a question or would like to contact the NZFMA, email info@nzfma.org
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