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ARTICLE · 29 JULY 2014

FMCA and FMC regulations implementation update

Chapman Tripp
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Progress update on regulations to fully implement the Financial Markets Conduct Act.

New ZealandFinance and Banking
Roger Wallis
Roger Wallis
Ross Pennington
Ross Pennington
Bradley Kidd
Bradley Kidd
Tim Williams
Tim Williams
Penny Sheerin
Penny Sheerin
John Holland
John Holland
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The Ministry for Business, Innovation and Employment has today published a progress update on regulations to fully implement the Financial Markets Conduct Act ( FMCA) from 1 December 2014.

We highlight the key milestones to come.

Key developments

  • Formal consultation on three earlier exposure drafts is nearing completion, and MBIE is now working to compile the full set of FMC regulations.
  • Cabinet will make further policy decisions soon, and MBIE will provide a further update at that point.
  • MBIE plans to publish a near-final version of the FMC Regulations before the election, to assist planning by industry, with the final regulations to be made in October 2014 ahead of the 1 December 2014 commencement.

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