What can you do as an investor to prepare for these new requirements?

The Capital Market Development Taskforce has released its final report outlining its ‘blueprint’ for developing New Zealand’s capital markets.

This edition of the NZ Funds Management Update includes articles on the capital market development taskforce proposals, prosectus extensions and new proposed licensing schemes for corporate trustees.

This Act replaces other pieces of legislation, principally the Securities Act 1978 and the Securities Markets Act 1988.

If your charity is at risk of being caught by the provisions of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act), you should be seeking advice now on whether you could qualify for an exemption.

This third batch of NZX practice notes provides user-friendly advice on common questions raised by issuers and advisors.

The Prime Minister today provided a little more detail on the KiwiSaver changes which will be announced in next week’s budget.

All financial advisers, brokers, QFEs, and financial service providers should review this Bill to identify any issues.

The Reserve Bank last week released a consultation paper seeking comment on policy proposals for a second non-bank deposit takers (NBDTs) Bill. The Bill will complete the legislative framework for the Reserve Bank’s regulation of the NBDT sector.

The stage is set for a rebound of New Zealand's equity capital markets, with much brighter years now firmly predicted.

The review of the NZX Corporate Governance Code represents a significant step forward, with further progress to come.

NZ amendment regulations address insider trading and issues of financial products; and timing of reporting requirements. .

Businesses should manage risks by PPSR registration against all customers at the time of setting up their accounts.

On September 15, 2020, New Zealand's Minister for Climate Change announced that New Zealand will be the first country in the world to require the financial sector to report on climate risks.

This was a reminder that only "material" information must be disclosed when a company is in voluntary administration.

An outcome of COVID-19 has been the decision to remove Loan to Value Ratio (LVR) requirements for the next 12 months.

The framework for peer to peer lending is set out in the Financial Markets Conduct (Phase 1) Regulations 2014.

Where a lender obtains judgment against a debtor the normal rule is that contractual rights merge in the judgment and from that time the right to contractual interest ends and the statutory rate of interest applies to the judgment amount.

The FMA's revised draft guidance note on disclosure shows the FMA has taken on board the criticisms of its first effort.

Five international law firms with a presence in Australia have got together and developed a set of model PPSA provisions.