FMA
Wednesday 12th October 2011 1 Comment |
Text too small? |
The Financial Markets Authority has welcomed the introduction into Parliament of the Financial Markets Conduct Bill.
Chief Executive Sean Hughes said the bill was a fundamental plank in the Government's major regulatory law reform programme.
"FMA's resources have been fully occupied in its first six months on the reviews into and investigations of legacy finance company collapses, as well as implementation of financial adviser reforms and building new organisational capability," Hughes said.
"However we are confident FMA will be able to discharge the reforms proposed.
"This bill will significantly extend the scope of activities regulated by FMA, for example, to include fund managers, independent trustees of superannuation schemes, derivatives dealers, and peer-to-peer lenders.
"Increasing FMA's regulatory oversight of market players is an important part of restoring investor confidence because a greater range of entities will be licensed and monitored by us, and we will be actively enforcing the rules."
FMA encourages all financial markets participants and stakeholders to study the exposure draft of the bill and to make submissions, Hughes said.
NZAS Sign Long Term Contracts
Amended - IFT230 Maturity and Exchange for IFT350
Synlait forecast milk price update
Chorus submits 2023 fibre regulatory report
Infratil Infrastructure Bond Exchange Offer opens
May 31st Morning Report
NZAS and Mercury sign long-term agreement, creating opportunity for future investment in renewables
Meridian and NZAS sign long term contracts
ArborGen Holdings Results for Year Ended 31 March 2024
BAI - Full unaudited results to 31 March 2024