Recent developments

MED provides helping hand for reviewing the Financial Markets Conduct Bill
The Ministry of Economic Development has collated a table of the 73 submissions it received on the exposure draft of the Financial Markets Conduct Bill.

New council to support close co-operation between financial regulators
A new Council of Financial Regulators has been established to foster co-operation between financial and prudential regulators in New Zealand.

FMA publishes its enforcement policy
The Financial Markets Authority has published its enforcement policy.

FMA signals its intention to provide guidance on the use of alternative performance measures for issuers
The FMA has announced that it will release a draft regulatory guide for public consultation on the use of alternative performance measures by financial market issuers in public communications.

Commerce Committee's report on finance company failures released
In October, the Commerce Select Committee released a report on their inquiry into finance company failures during the global financial crisis and its aftermath.

Enquiries and information

For more information on any of the cases, articles and features in Financial Services Quarterly, please email Rachel Gowing or call on 64 9 916 8825.