Search results
Results from the WOW.Com Content Network
The authority was established on 1 May 2011 as part of the Financial Markets (Regulators and KiwiSaver) Bill which was passed by the New Zealand parliament on the 7 April 2011. [1] It was established in a wake of criticism over the failure of the previous regulatory regime to halt the failure of a large number of finance companies and to stem ...
This is a list of acts passed during the 53rd New Zealand Parliament (25 November 2020 onwards), the second parliament of the Sixth Labour Government of New Zealand (2017–2023). For lists of earlier acts, see Lists of acts of the New Zealand Parliament. The 2020 speech from the throne outlined the government's legislative priorities for the ...
This also triggered an investigation by the Serious Fraud Office (New Zealand). [14] Eight weeks later on 31 August 2010, South Canterbury Finance was placed in receivership. [15] In late 2010, the Securities Commission successfully applied to the High Court to have the assets of former director of finance company Hanover Finance, Mark Hotchin ...
The New Zealand Infrastructure Commission (Māori: Te Waihanga) (Infracom) is an autonomous Crown entity. It has primary functions of long-term strategy and planning for infrastructure , as well as procurement and delivery advice and support for major projects.
Financial market infrastructure refers to systems and entities involved in clearing, settlement, and the recording of payments, securities, derivatives, and other financial transactions. [1] Depending on context, financial market infrastructure may refer to the category in general, or to individual companies or entities (thus also used in ...
The Securities Act 1978 was replaced by the Financial Markets Conduct Act 2013. One of the core changes was the replacement of requirements by issuers of financial products to provide a prospectus and investment statement with a requirement for a single product disclosure statement with penalties for misleading or deceptive statements. [ 39 ]
Section 804 of the Dodd–Frank Wall Street Reform and Consumer Protection Act (DFA) provides the Financial Stability Oversight Council (FSOC) the authority to designate a financial market utility (FMU) that it determines is or is likely to become systemically important because the failure of or a disruption to the functioning of the FMU could create, or increase, the risk of significant ...
A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities like shares, either in certificated or uncertificated (dematerialized) form, allowing ownership to be easily transferred through a book entry rather than by a transfer of physical certificates.