The Financial Markets Authority (FMA) recently released a consultation paper which proposes Financial Markets Conduct Act 2013 (FMCA) relief for overseas issuers and overseas reporting entities. Under the Securities Act 1978 and the Financial Reporting Act 1993 overseas issuers are able to rely on exemptions to disclosure, governance, and financial reporting requirements. These exemptions have [...]
The Financial Markets Conduct Amendment Regulations 2015 were enacted in November last year, with most of the amendments coming into force on 1 December 2015. However, some amendments relating to disclosure requirements will be coming into force on 1 June 2016. These amendments were introduced to address disclosure matters relating to non-standard offers. Some of [...]
Legislative reform is set with the introduction of the Regulatory Systems Amendment Bill (the Bill). The objective of the Bill is to maintain the effectiveness and efficiency of the regulatory systems established by the Ministry of Business Innovation and Employment. The Bill will amend 17 Acts which administer the following regulatory sectors: building and housing; [...]