Financial Markets Conduct Act 2013

Friday 1 November 2013

Author: Glenn Joblin

Overview for NZX Main Board Listed Companies

The Financial Markets Conduct Act 2013 (FMC Act) contains the most substantive securities law reforms New Zealand has seen for many years. It will replace the Securities Act 1978 and the Securities Markets Act 1988,  and will come into force in stages with initial parts of the FMC Act coming into force on 1 April 2014.

Bell Gully has produced a brief overview of the provisions of the FMC Act which may be relevant to NZX Main Board listed companies, with details of the expected timing of the implementation of those provisions. The overview includes discussion on the FM C Act provisions relating to capital raising, insider trading and market manipulation, disclosure of substantial security holders and relevant interests in securities by directors and senior managers, unsolicited offers, financial reporting and disclosure of information on request.

Click here to read Bell Gully's overview.‚Äč


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.