New Zealand: a step in the right direction

A new draft version of New Zealand’s Financial Markets Conduct Bill was published for consultation in August. The bill provides greater clarity than the previous draft and removes uncertainty – but some further tweaks are needed, says Cindy Leiw of Isda

new-zealand

New Zealand’s Ministry of Economic Development (Med) released the latest version of the Financial Markets Conduct Bill for consultation in August – a 400-page draft bill that seeks to bring various pieces of legislation together, such as the Securities Act, Securities Markets Act and Superannuation Schemes Act, to name a few.

The legislative proposal will lead to some potentially significant changes for derivatives market participants, with parts of the sector falling under the regulatory

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