Current business law work
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.
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.
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.
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.
Securities law governs how financial products are created, promoted and sold, and the ongoing responsibilities of those who offer, deal and trade them.
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.
The Ministry of Economic Development is working on regulations for unsolicited offers to buy securities.
We sought feedback on a proposal to require non-bank deposit takers to disclose standardised prudential information.
The Securities Regulations 2009 have been updated.
Cabinet has agreed to the drafting of regulations under the Securities Trustees and Statutory Supervisors Act 2011.
Background information on the establishment of the Financial Markets Authority, the consolidated market conduct regulator for New Zealand's financial markets.
In October 2011 the Government introduced legislation to tighten requirements around company directors and company registration.
Cabinet had agreed to measures to strengthen the financial service providers registration regime.