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’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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