Crowdfunding to come under microscope in securities law overhaul The revamp of New Zealand's 34-year-old securities law looks set to capture a relatively new way of raising small amounts of money from hordes of people if it strays into the territory of offering returns. Wed, 11 Jul 2018 commerce committeeFinancial Markets Conduct BillCraig FossBusinessDeskCrowdfundingsecurities laws
NZ policymakers back criminal sanctions for reckless directors Parliament's Commerce Committee has tweaked the Financial Markets Conduct Bill's wording to spell out where liability falls. Wed, 11 Jul 2018 PoliticsLaw & CourtsSecurities Actcommerce committeeFinancial Markets Conduct BillBusinessDeskJonathan Young
Law overhaul threatens to make offer documents too simple INFINZ says short-form offer documents many investors rely on may limit directors from judging what needs to be included. Wed, 11 Jul 2018 Financial Markets Conduct BillBusinessDeskMoBIEInstitute of Finance Professionals NZJim McElwain
Collins tables stop-gap bill to protect Public Trust from litigation Justice Minister Judith Collins has introduced stop-gap legislation to protect state-owned Public Trust from liability for failed finance company trustees if those firms choose to ditch their res Wed, 11 Jul 2018 parliamentpublic trustJudith CollinsPerpetual TrustCapital + Merchant FinanceFinancial Markets Conduct BillBusinessDeskTrustee (Public Trust) Amendment Bill
Kickstarter opens to Kiwis Move comes as Financial Markets Conduct Bill will allow new capital-raising powers for Kickstarter.com-style, and crowd-funded equity. Lawyer broadly enthusiastic, but also sounds warning. Tue, 15 Oct 2013 BusinessTechnologyFinancial Markets Conduct BillKickstarterCrowdfunding
Premium Lawyers sound the alarm on investment law change The government is pressing ahead with controversial changes to New Zealand’s company liability regime, despite warnings from the legal profession. NBR Contributor Wed, 24 Jul 2013 BusinessPoliticslaw and courtschapman trippSecurities ActBell GullySimpson GriersonRussell mcveaghTim WilliamsFinancial Markets Conduct BillMBIEdon holborow
Law firms team up to flag flaws in NZ securities law review Top law firms unusually band together to give Parliament free advice to stamp out flaws in the proposed overhaul of the nation's decades-old Securities Act. BusinessDesk Fri, 15 Jun 2012 BusinessSecurities ActFinancial Markets Conduct BillBusinessDeskParliament's commerce committee
Reckless directors not criminal, law review submitters say The government is casting too wide a net in deeming "reckless" directors to be criminally culpable, say a number of submissions on the revamp of New Zealand's decades-old Securities Act. BusinessDesk Tue, 12 Jun 2012 BusinessPoliticslaw and courtsSecurities ActFinancial Markets Conduct BillBusinessDesk
Premium Petricevic to be banned from the boardroom for life? Jailed Bridgecorp boss Rod Petricevic will not be allowed back around a board table if the Financial Markets Authority has its way. NBR Contributor Mon, 30 Apr 2012 BridgecorpRod Petricevicdirector banFMAsean hughesFinancial Markets Conduct Bill
Why Hanover poster boy is not under FMA gun Lucky escape for celebrity endorser. NBR Contributor Wed, 04 Apr 2012 Hanover Financefinancial markets authorityRichard LongFinancial Markets Conduct Bill