A move to streamline requirements for listing on the NZX is being lauded as a win

From June 12, it becomes optional for companies to disclose prospective financial information in initial public offers.

NZX chief executive Mark Peterson says one of the most expensive aspects of listing is the documentation - sometimes in the realm of half a million dollars.

He expects our capital markets will be more competitive now.

Peterson says there's a number of options now embedded into the law - which will provide a lot of flexibility, reduce red tape and be good for investors.