Monday 11 November 2013

New Zealand: Implementing the Financial Markets Conduct Act 2013 - regulations published for consultation

The Financial Markets Conduct Act 2013 will introduce a new framework for the promotion and selling of financial products, together with the responsibilities of those who offer, deal and trade in them. The Act is being implemented in two stages: phase one on 1 April 2014 and phase two on 1 December 2014. In this regard, and with a particular focus on phase one, the Ministry of Business, Innovation and Employment has published for comment draft regulations: see here.

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