Securities Commission - Latest News [Page 4]
Financial Reporting About Transparency
Friday, 18 December 2009, 11:51 am | Securities Commission
The Securities Commission is urging companies to make transparency the goal of their financial reporting, not mere technical compliance, after the latest round of its monitoring programme showed mistakes continuing to be made in financial reports, ... More >>
Allied Farmers Share Trading Cleared
Thursday, 17 December 2009, 12:08 pm | Securities Commission
The Securities Commission has reviewed recent trading of shares in Allied Farmers Limited (“ALF”) and decided that no further action is required. More >>
Two Resignations from financial advisers Committee
Thursday, 12 November 2009, 3:45 pm | Securities Commission
Two members have resigned from the Code Committee of industry representatives that is working on the Code of professional conduct for financial advisers. The Commissioner for Financial Advisers Annabel Cotton has accepted the resignations of Code Committee ... More >>
Reforms underway to address advisers’ performance
Thursday, 5 November 2009, 11:26 am | Securities Commission
Reforms underway will help address poor performance by financial advisers highlighted in the Consumer research released today, says the Commissioner for Financial Advisers, Annabel Cotton. More >>
Mutual recognition of securities offerings
Saturday, 24 October 2009, 11:05 am | Securities Commission
Recent research has found that issuers using the trans-Tasman mutual recognition of securities offerings regime have saved on compliance costs for offering securities in the host country by up to 95 percent in some cases. More >>
Directors warned about transparency of financials
Monday, 19 October 2009, 4:13 pm | Securities Commission
The Securities Commission is warning company directors not to sign off financial statements that do not comply with New Zealand International Financial Reporting Standards (NZ IFRS), because they could be failing in their duty to inform investors. More >>
Commission finds encouraging practices
Wednesday, 2 September 2009, 9:43 am | Securities Commission
The Securities Commission was encouraged by the findings of its latest review of corporate governance reporting. Many issuers are providing transparent and relevant disclosures of their corporate governance policies, procedures and practices. More >>
Financial crisis group makes recommendations
Wednesday, 29 July 2009, 9:50 am | Securities Commission
The Financial Crisis Advisory Group (FCAG), of which the New Zealand Securities Commission Chairman Jane Diplock is a member, has published its recommendations relating to financial reporting and standards setting. More >>
Commission statement on PLUS SMS Holdings Limited
Friday, 3 July 2009, 5:13 pm | Securities Commission
The Securities Commission has investigated disclosures by Plus SMS from October 2005 to September 2006, and trading in shares of Plus SMS in this period. More >>
Deadline approaching for Tranz Rail compensation
Friday, 3 July 2009, 3:40 pm | Securities Commission
Shareholders still eligible for compensation from settlement of the Tranz Rail insider trading case have three weeks to register their claim. In April the Securities Commission issued a statement that some 535 shareholders had yet to come forward to claim compensation. ... More >>
Recurring financial reporting inadequacies
Monday, 22 June 2009, 3:13 pm | Securities Commission
In its recent Cycle 9 review of financial statements the Securities Commission continued to find inadequacies in matters that were previously alerted to issuers. The Commission urges issuers to pay particular attention to these matters when preparing their upcoming ... More >>
ING investors: carefully consider purchase offer
Thursday, 18 June 2009, 4:38 pm | Securities Commission
Investors are encouraged to carefully consider the information provided with the offer they received from ING last week. The offer relates to the ING Diversified Yield Fund and the ING Regular Income Fund. More >>
Financial adviser regulation proposals
Thursday, 18 June 2009, 2:36 pm | Securities Commission
The Securities Commission today released proposals for the regulation of financial advisers, to take effect in late 2010. More >>
Tranz Rail shareholders yet to claim compensation
Friday, 24 April 2009, 10:28 am | Securities Commission
Some 535 shareholders are still eligible for compensation from settlement of the Tranz Rail insider trading case. More >>
Ban on advertising for Propertyfinance restructure
Tuesday, 21 April 2009, 11:00 am | Securities Commission
The Securities Commission has banned advertisements by Propertyfinance Securities Limited (PFSL) for a proposed restructure of its moratorium arrangements. More >>
Consultation on skills for financial advisers
Monday, 20 April 2009, 4:10 pm | Securities Commission
All people interested in the competency of financial advisers are invited to make submissions on the skills advisers will be required to have under a new law. More >>
Disclosure in financial reporting ‘satisfactory’
Wednesday, 1 April 2009, 2:28 pm | Securities Commission
The Securities Commission’s recent review of financial reports has found the overall quality of reporting to be ‘satisfactory’. More >>
Review of corporate governance disclosure
Monday, 23 March 2009, 12:03 pm | Securities Commission
The Securities Commission is now reviewing reporting by issuers on their corporate governance as part of its ongoing financial reporting surveillance programme. More >>
Australian funding boosts tourism operators
Tuesday, 17 March 2009, 2:39 pm | Securities Commission
Attracting more Australians to visit New Zealand will give a much needed fillip to New Zealand’s tourism industry, the Tourism Industry Association New Zealand (TIA) says. More >>
Commission chairman on int'l advisory group
Wednesday, 28 January 2009, 1:08 pm | Securities Commission
Securities Commission chairman Jane Diplock has been appointed to a high-level global advisory group looking at urgent financial reporting issues arising from the financial crisis. More >>