Legislation/In Parliament

Government to review regulation of financial intermediaries
On 8 November, the Government appointed a task force to review the regulation of financial intermediaries in New Zealand. The role of the task force is to assess the existing regulatory framework for financial intermediaries (such as share brokers, mortgage brokers, insurance brokers and financial advisers) and to recommend options for reform.

Disclosure by finance companies – discussion paper released
The Securities Commission has released a discussion paper setting out its preliminary views about required disclosure standards for finance companies under the Securities Act 1978 and the Securities Regulations 1983.

Trans-Tasman harmonisation
The Governments of New Zealand and Australia have increased efforts to try to create a trans-Tasman business environment in which New Zealand and Australian companies can enjoy a kind of “common citizenship”.

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