We develop policy relating to the regulation of New Zealand's capital and financial markets and market intermediaries, the conduct of its participants and their responsibilities to provide information to the public, corporate governance, financial reporting and the business law enforcement bodies.
An effective and consistent framework for regulation promotes confidence and participation in financial markets.
Effective corporate governance systems foster transparency and accountability by ensuring shareholders receive quality information about the company's performance and the directors' stewardship of their assets. This ensures that shareholders are able to exercise their powers to hold directors to account.
We aim to support economic growth and access to information, while managing risk and encouraging innovation in the financial sector.
In this area
Current business law work
Read about current work in business law, including:
Changes to NZ’s financial reporting framework will affect charities, small and medium businesses, and other entities.
Find out about changes to the Securities Act 1978 and the Securities Regulations 2009, which regulate offers of financial products to the public.
We administer the Securities Markets Act 1988, which regulates trading on registered exchanges and authorised futures exchanges.
We administer the Unit Trusts Act 1960, and jointly administer the KiwiSaver Act 2006 with Inland Revenue.
Financial advisers must meet minimum standards of disclosure, competency and accountability.
Changes are proposed to the way that business financial reporting is done.
In 2013, the Law Commission published a report A New Act for Incorporated Societies.
The Ministry of Business, Innovation & Employment monitors several agencies involved in financial issues in New Zealand, on behalf of the Minister of Commerce.
We administer various legislation relating to the operation of companies and financial services in New Zealand.