New Zealand: Royal assent for Financial Markets Conduct Bill

The Financial Markets Conduct Bill has received Royal assent: see here. The new Act will replace several Acts, including the Securities Act 1978, with the aim of reforming the regulation of financial conduct. It contains rules covering the way financial products are offered, promoted, issued and sold, and the continuing responsibilities of those who offer, issue, manage, supervise, deal in and trade them. An overview of the Act is available here. Draft Regulations will be published in the autumn.