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Current business law work
Insolvency Practitioners Bill
The Ministry of Economic Development has been working on the Insolvency Practitioners Bill that will require practitioners to join a new register and meet key criteria in order to practice.
Auditors
A new regulatory regime for the audit industry will come into force from 1 July 2012. The Auditor Regulation Act 2011 establishes a co-regulatory oversight regime to regulate auditors and audit firms that undertake issuer audits.
Changes to KiwiSaver
In April 2010 the government announced a programme of changes to improve both the governance of KiwiSaver schemes and the public disclosure obligations of KiwiSaver Funds.
Single Economic Market outcomes agenda
Creating a Single Economic Market (SEM) with Australia will enable businesses, consumers, and investors to conduct operations across the Tasman in a seamless regulatory environment.
Review of securities law
Securities law governs how financial products are created, promoted and sold, and the ongoing responsibilities of those who offer, deal and trade them.
Fee and levy changes
New levies for the Financial Markets Authority (FMA), External Reporting Board (XRB), and a new fee structure for the Companies Office have been finalised following a thorough consultation period with stakeholders.
Regulations for unsolicited offers
The Ministry of Economic Development is working on regulations for unsolicited offers to buy securities.
Disclosure requirements for non-bank deposit takers
We sought feedback on a proposal to require non-bank deposit takers to disclose standardised prudential information.
Securities trustees
Cabinet has agreed to the drafting of regulations under the Securities Trustees and Statutory Supervisors Act 2011.
Establishment of the Financial Markets Authority
Background information on the establishment of the Financial Markets Authority, the consolidated market conduct regulator for New Zealand's financial markets.
Companies Act changes
In October 2011 the Government introduced legislation to tighten requirements around company directors and company registration.
Financial service provider registration changes
Cabinet had agreed to measures to strengthen the financial service providers registration regime.
![[link to the New Zealand government website].](http://www.med.govt.nz/site-tools/footer-images/newzealand.govt.nz.png "[link to the New Zealand government website].")
![[link to the Ministry of Business, Innovation and Employment website].](http://www.med.govt.nz/site-tools/footer-images/MBIE.png "[link to the Ministry of Business, Innovation and Employment website].")
![[link to the business.govt.nz website].](http://www.med.govt.nz/site-tools/footer-images/business.govt.nz.png "[link to the business.govt.nz website].")
