Securities Commission - Latest News [Page 2]

Financial advisers regulatory regime comes into force

Wednesday, 1 December 2010, 1:04 pm | Securities Commission

The new regulatory regime for financial advisers begins today, with the first Authorised Financial Advisers receiving their certificates of authorisation at a ceremony in Auckland from Commissioner for Financial Advisers, David Mayhew. The regulatory regime ... More >>

Status of Hanover investigation

Friday, 19 November 2010, 12:59 pm | Securities Commission

There has been increased public and media speculation as to the status of the Securities Commission’s investigation into Hanover Finance. More >>

Commission lays criminal charges against Huljich

Thursday, 18 November 2010, 12:50 pm | Securities Commission

The Securities Commission confirms that it has laid criminal charges against Huljich Wealth Management (New Zealand) Limited and director Peter Huljich. More >>

Continuing need for greater transparency

Tuesday, 16 November 2010, 4:37 pm | Securities Commission

The Securities Commission’s latest review of financial reporting standards continues to highlight the need for a greater focus on transparency. “Ensuring stakeholders and investors are fully informed about all areas of their investment is vital, and ... More >>

Commission’s Review: Need for Greater Transparency

Tuesday, 16 November 2010, 4:22 pm | Securities Commission

The Securities Commission’s latest review of financial reporting standards continues to highlight the need for a greater focus on transparency. “Ensuring stakeholders and investors are fully informed about all areas of their investment is vital, and ... More >>

Warning: Strategic Finance debentures

Monday, 15 November 2010, 4:49 pm | Securities Commission

Warning: Further unsolicited offer for Strategic Finance debentures The Securities Commission is warning all debenture-holders in Strategic Finance Limited to be wary of another offer by Stock & Share Trading Company Pty Limited to buy their debentures ... More >>

Adviser regulation ready to go live in December

Thursday, 28 October 2010, 11:21 am | Securities Commission

The Commissioner for Financial Advisers has taken the last formal step required for the introduction of the new financial advisers regulatory regime, with publication in the Gazette that 1 December 2010 will be the date on which the Code of Professional ... More >>

Commission consults on standard conditions for QFE

Thursday, 21 October 2010, 11:10 am | Securities Commission

The Securities Commission invites submissions on proposed disclosure obligations to be included in standard conditions for businesses granted Qualifying Financial Entity (QFE) status under the Financial Advisers Act. More >>

Commission consults on standard conditions for QFE

Tuesday, 28 September 2010, 4:15 pm | Securities Commission

The Securities Commission invites submissions on proposed standard conditions for financial adviser businesses that apply for Qualifying Financial Entity (QFE) status. This follows the Commission’s consultation early this month on the licence conditions ... More >>

Commission consults on standard advisor conditions

Thursday, 9 September 2010, 9:39 am | Securities Commission

The Securities Commission invites submissions on proposed standard conditions for Authorised Financial Advisers (AFAs). More >>

New designated settlement system

Friday, 3 September 2010, 10:40 am | Securities Commission

The Reserve Bank of New Zealand and the Securities Commission today announced that the newly established NZCDC Settlement System has been declared a designated settlement system under Part 5C of the Reserve Bank of New Zealand Act. More >>

Unsolicited Offer For DNZ Property Fund Ltd Shares

Tuesday, 10 August 2010, 6:00 pm | Securities Commission

Shareholders in DNZ Property Fund Limited should be wary of an offer by Carrington Securities LP to buy their shares for $0.60 per share. More >>

Commissioner Receives Draft Code Of Conduct

Friday, 30 July 2010, 2:00 pm | Securities Commission

The Commissioner for Financial Advisers, David Mayhew, today received from the Code Committee the draft code of professional conduct for authorised financial advisers for his approval under the Financial Advisers Act 2008. More >>

Code Committee Members Reappointed

Thursday, 29 July 2010, 11:26 am | Securities Commission

Commissioner for Financial Advisers David Mayhew has announced the reappointment of three members of the Code Committee. The Committee was established in July 2009 to draft a Code of Professional Conduct for Authorised Financial Advisers (AFAs). More >>

Issuers could improve corporate governance

Wednesday, 28 July 2010, 1:19 pm | Securities Commission

The Securities Commission’s latest review of corporate governance reporting shows that while most issuers are doing well, many need to improve their disclosures when it comes to ethical standards, directors and executive’s remuneration, risk management, ... More >>

Unsolicited offer for Dorchester Finance debenture

Wednesday, 28 July 2010, 9:48 am | Securities Commission

Debenture-holders in Dorchester Finance Limited should be wary of an offer by Stock & Share Trading Company Pty Limited to buy their debentures for 5c in the dollar. More >>

Finance & Investments Enforceable Undertaking

Friday, 16 July 2010, 12:11 pm | Securities Commission

The Securities Commission has accepted enforceable undertakings from the partners of Finance & Investments, Mr Andrew Harding and Mr Murray Scholfield. More >>

Dominion and North South Finance Directors Charged

Wednesday, 7 July 2010, 1:07 pm | Securities Commission

The Securities Commission has laid criminal charges and issued civil proceedings against Dominion Finance Group Limited and North South Finance Limited directors Vance Arkinstall, Richard Bettle, Terence Butler, Ann Butler, Paul Forsyth and Robert ... More >>

Financial Advisers Must Get Ready for Regulation

Friday, 25 June 2010, 2:58 pm | Securities Commission

The Commissioner for Financial Advisers, David Mayhew, today urged advisers to get ready for the new regulatory regime. He also updated the Securities Commission’s financial adviser implementation timetable. More >>

No Conflict of Interest

Friday, 25 June 2010, 11:41 am | Securities Commission

An article in Fairfax Media publications this morning wrongly reports that Simon Botherway has declared a "potential conflict of interest" in relation to Mr Allan Hubbard. More >>

   

 

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