Corporate & Commercial
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Legislation/In Parliament
Crown Deposit Guarantee Scheme - an overview
In response to similar initiatives abroad, the New Zealand Government announced a retail deposit guarantee scheme on 12 October. A further announcement of a wholesale funding guarantee facility followed on 1 November. The scheme has evolved over the past month but now appears to be mostly settled.
Territorial scope provision of the Financial Advisers Act
Amendments are scheduled to the section dealing with the territorial scope of the recently enacted Financial Advisers Act. The version that is currently law today in New Zealand differs from the version that was passed by Parliament.
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.
