Securities and capital markets

Increased monetary threshold for share purchase plans
Nearly nine months after the release of a discussion document on the issue, the Securities Commission has finally settled on its revised policy for the share (and unit) purchase plan class exemption set out in the Securities Act (NZX-Share and Unit Purchase Plans) Exemption Notice 2005.

Progress made on the implementation of the new financial advisers' regime
A number of work streams to implement the Financial Advisers Act 2008 and the Financial Service Providers (Registration and Dispute Resolution) Act 2008 are now well underway. In this update, solicitor Debbie Wong outlines the current key developments.

Takeovers Panel issues policy on the approval of independent advisers
In October 2009, the Takeovers Panel issued its current policy for approving applications for the appointment of independent advisers for takeovers and other transactions effected under the Takeovers Code.

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.