The Financial Markets Authority, which will amongst other things take over the functions of the Securities Commission and Government Actuary, will begin operating on 1 May, the Commerce Minister has announced: see here. The minister's announcement reports that the relevant legislation, the Financial Markets (Regulators and KiwiSaver) Bill, was passed unanimously by Parliament on 7 April.Wednesday, 13 April 2011
New Zealand: update on financial regulation reform
The Financial Markets Authority, which will amongst other things take over the functions of the Securities Commission and Government Actuary, will begin operating on 1 May, the Commerce Minister has announced: see here. The minister's announcement reports that the relevant legislation, the Financial Markets (Regulators and KiwiSaver) Bill, was passed unanimously by Parliament on 7 April.
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