On 9 August 2011 the New Zealand Ministry of Economic Development (MED) issued the draft Financial Markets Conduct Bill. In his press release the Commerce Minister, Simon Power, described the bill as a “once-in-a-generation opportunity to re-write our securities law”. Submissions on the proposed legislation are due to the MED by 6 September 2011, and the Minister intends to introduce the bill to Parliament before the next general election on  26 November 2011.

Read full article