While the MOU is useful, the lack of clarity around the roles of the two regulators remains.

Financial service providers wanting to go on the FSPR will need to provide more than mere administrative services in NZ.

New Zealand financial institutions' FATCA obligations are clarified with today's signing of a NZ/US agreement.

NZX has released the first of what will be annual reports into its enforcement and monitoring activities.

The Securities Act (Short Form Prospectus) Exemption Notice 2009, which replaces the Securities Act (Short Form Prospectus) Exemption Notice 2002, came into force on Monday.

FBU was found not in breach of its continuous disclosure obligations in the management of previous earnings downgrades.

It has become harder to obtain bank funding to carry out property developments or to buy commercial investment properties.

The Personal Property Securities Register (PPSR) incorporates the introduction of the New Zealand Business Number (NZBN).

The final detailed FMCA disclosure requirements do reflect improvements from the most recent consultative round.

NZX has decided against compulsion, to provide members with flexibility and because of the potential compliance costs.

Anyone carrying on insurance business in New Zealand will be under the Reserve Bank’s supervision and will need to be licensed and comply with a number of ongoing prudential requirements under the new Insurance (Prudential Supervision) Act.

The Law Commission completed a report on provisions to modernise the 1952 Act and the updated Act has received assent.

Lenders on certain aircraft and aircraft equipment now have the protection of a specialist international registry after legislation was passed last year to bring the Cape Town Convention and Protocol into effect in New Zealand. The convention, which also provides for remedies if a debtor defaults, is intended to reduce the risk to financiers and therefore to reduce the cost of aircraft funding.

The recent Court of Appeal decision in Vuletic v Contributory Mortgage Nominees Limited highlights the need for clarity in documentation intending to bind a guarantor.

This act introduces some significant changes which will affect all lenders providing consumer credit in New Zealand.

The Australian Federal Court in Leveraged Equities Limited v Goodridge has reaffirmed accepted practice regarding novations and assignments in the loan syndication and securitisation markets. This should lay to rest concerns raised in the first instance decision, Goodridge v Macquarie Bank Limited, almost a year ago. But the relief may be temporary as Mr Goodridge has indicated that he will appeal the court’s decision to the Australian High Court.

When you are considering your next building project, it's important to think about what security you require.

These proposals aim to increase certainty, provide assistance to company directors, and further protect jobs and income.