Securities and capital markets

Government announces commencement date for new securities law
Cabinet has finally approved the regulations giving effect to the remaining changes to the securities law made when the Securities Legislation Bill was passed in October 2006. Market participants have been told they have three months to prepare for the implementation of the new law on 29 February 2008.

Considering going public and a sharemarket listing? A guide to navigating the process
Bell Gully corporate partner Andrew Brown has authored a guide for those considering a sharemarket listing. The guide sets out the work typically required for an IPO and the subsequent listing on the NZSX.

New powers for trustees of finance companies
The law has been changed to strengthen the position of trustees of finance companies. The changes, which came into force in September, are intended to assist trustees in performing their supervisory roles in the interests of investors.

Securities Act class exemption review complete
The Securities Commission has completed its five-yearly review of class exemptions from the Securities Act.

Financial Reporting Programme - Cycle 5
The Securities Commission has reviewed financial reports prepared in accordance with NZ IFRS and under previous NZ GAAP.

Enquiries and information

For more information on any of the cases, articles and features in Commercial Quarterly, please email Diane Graham or call her on 64 9 916 8849.