Update on financial markets overhaul
Update on financial markets overhaul
02 February 2016 | By  Liz Buxton
The Financial Markets Conduct Act 2013 is in the process of completely overhauling New Zealand’s financial markets laws. We are currently approaching the end of the transition period, in which our existing capital markets and financial services legislation, most notably the Securities Act 1978, is being phased out and replaced by the new Act. Read More →
Update on financial markets overhaul
Update on financial markets overhaul
02 February 2016 | By  Liz Buxton
The Financial Markets Conduct Act 2013 is in the process of completely overhauling New Zealand’s financial markets laws. We are currently approaching the end of the transition period, in which our existing capital markets and financial services legislation, most notably the Securities Act 1978, is being phased out and replaced by the new Act.
Read More →
IRD Warning on Employee Share Purchase Arrangements
IRD Warning on Employee Share Purchase Arrangements
24 November 2015 | By  Rick Shera
The IRD has issued a warning about employee share purchase arrangements that you'd do well to check if you are considering one or have one in place ...
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FINANCIAL MARKETS OVERHAUL COMPLETE
FINANCIAL MARKETS OVERHAUL COMPLETE
12 February 2015 | By  Andrew Wallace
On 1 December 2014 the second phase of the implementation of the Financial Markets Conduct Act 2013 came into force. The Act has replaced the Securities Act 1978 as well as several other pieces of legislation and, in doing so, has completely overhauled New Zealand’s capital markets and financial services law.
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Key considerations for employee share schemes
Key considerations for employee share schemes
03 April 2014 | By  Andrew Wallace
Employee share schemes can be a great way to attract, retain and incentivise staff. They haven’t been widely used in New Zealand, with a big part of the problem being that the rules you need to comply with to offer one make doing so impractical and, in a lot of cases, also undesirable. On 1 April those rules got completely overhauled.
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Financial Markets Conduct Act
Financial Markets Conduct Act
02 April 2014 | By  Michael Busch  | Andrew Wallace
On 1 April the first phase of the Financial Markets Conduct Act reforms came into effect. Included in this phase are legislative changes facilitating...
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Clampdown on longstanding exemption for charities
Clampdown on longstanding exemption for charities
04 February 2014 | By  Andrew Wallace
For most not-for-profits (NFPs), fundraising is a significant challenge. The Financial Markets Authority (FMA) has recently undertaken consultation on certain long-standing exemptions from our securities laws in the area and last month put its proposals into effect with the issuance of two new exemption notices...
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Disclosure exclusions a boost to employee share offers
Disclosure exclusions a boost to employee share offers
16 October 2013 | By  Andrew Wallace
The overhaul of the laws that govern New Zealand’s financial markets took another big step recently with the passing into law of the Financial Markets Conduct Act...
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