Consultation on Draft Emissions Units, Settlement Systems and Futures Bill

The Ministry of Economic Development, in consultation with other agencies, including the Reserve Bank and the Securities Commission, has led the policy development that has resulted in the drafting of the Draft Emissions Units, Settlement Systems and Futures Bill ("Draft Bill").

The Draft Bill is intended to implement the recommendations in these Cabinet papers, which Cabinet has agreed to:

• Reform of the Law Relating to Futures Exchanges and Clearing and Settlement Systems (POL (07) 382)
  
• Designated Settlement Systems and the Primacy of Clearing Houses' Interest in Collateral (CAB (07) 632)
  

To view the Cabinet papers, and the attached Regulatory Impact Statements, which include a list of the recommendations that were made to Cabinet, see Futures Exchanges and Clearing and Settlement Systems.

The purpose of this consultation is to test with stakeholders and other interested parties how well the Draft Bill implements the recommendations agreed to by Cabinet, including whether there are better ways of implementing these proposals in legislation.

Links to the Discussion Document on the Draft Bill and the Draft Bill itself are found here. The Discussion Document is also available in HTML below.

Please send submissions to:

Caroline Ramsey
Manager, Financial Sector
Competition, Trade & Investment Branch
Ministry of Economic Development
33 Bowen St, PO Box 1473,
Wellington 6011, New Zealand
(04) 474 2887
Caroline.Ramsey@med.govt.nz

The closing date for submissions is Monday 10 March 2008.

This site uses cookies to track and analyse usage.