Legislation/In Parliament

Support for regulation of financial services sector
Two separate, but related, reviews of financial sector law are under way in New Zealand - the review of financial products and providers led by the Ministry of Economic Development, and the review of financial intermediaries led by the Financial Intermediaries Task Force.

Companies that no longer need to register financial statements may still need to have their financial statements audited
Amendments to the Financial Reporting Act have resulted in some companies no longer being required to register financial statements with the Companies Office.  However, the Ministry of Economic Development has pointed out that such companies may still be required to appoint an auditor and have their financial statements audited in compliance with section 196(3) of the Companies Act 1993.

Enquiries and information

For more information on any of the cases, articles and features in Financial Services Quarterly, please email Rachel Gowing or call on 64 9 916 8825.

Disclaimer

This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.