Securities Commission

The Securities Commission is New Zealand's main regulator of investments. Its work involves:

• Enforcement, monitoring and market oversight
• overseeing securities markets activity
• inquiring into suspected breaches of securities law
• intervening in the interests of investors
• Law reform
• reviewing securities law and practice
• recommending reform of the law
• Exemptions
• considering applications for exemption from securities law
• granting exemptions from the law where appropriate
• Authorisations
• considering and deciding on applications for authorisation as trustees and statutory supervisors and futures exchanges and futures dealers
• International co-operation
• promoting New Zealand as a well-regulated country
• keeping abreast of developments in global standard-setting and contributing the Commission's views to this process
• maintaining good relationships with other regulators
• Public understanding
• promoting public understanding of the law and practice of securities.

MED is the monitoring department for the Commission and helps the Minister of Commerce to oversee the Commission’s performance and how it is carrying out its functions.  MED also administers appointment processes for new Commission members, helps to negotiate the agreement between the Minister and the Commission for the services or outputs the Commission provides, and deals with any issues relating to funding for the Commission through the Government's Budget process.

More information on the Commission can be found on the Securities Commission website [external link].