Category Archive: Financial Services

Jun 14

Supervision For Trustees To Improve With New Bill

The Hon. Simon Power

New laws is pleased to bring you this post on a new Bill to improve the supervision of trustees and to attempt to plug gaps which were highlighted by the collapse of so many companies in the finance sector in recent years. With the continuing earthquakes in the Christchurch region it is opportune to be …

Continue reading »

Apr 21

New Financial Watchdog Operational By 1 May 2011

The Hon. Simon Power

New Laws advises that the new Financial Markets Authority (FMA) will be up and running and fully operational by the first of May. The bill which will establish the FMA was recently passedby a unanimous vote is known as the Financial Markets (Regulators and KiwiSaver) Bill The new market regulator will supersede the functions of …

Continue reading »

Oct 28

New Laws | Update On Financial Advisers Disclosure Statement Requirements

The Hon. Simon Power

New Laws | Update On Financial Advisers Disclosure Statement Requirements Commerce Minister Simon Power announced yesterday that Cabinet has now approved regulations which set out the details of disclosure statements required under the Financial Advisers Act 2008. “These regulations are another important step in the Government’s work programme to improve investor confidence in our financial …

Continue reading »