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THE SECURITIES COMMISSION The Securities Commission is an independent crown entity under the Securities Act 1978. It is New Zealand's main regulator of investments. OUR VISION Investors can have confidence in New Zealand's securities markets so that the markets increasingly attract investment from New Zealand and overseas. OUR PURPOSE To strengthen investor confidence and foster capital investment in New Zealand by promoting the efficiency, the integrity, and cost effective regulation of our securities markets. OUR WORK Contributes to robust and vibrant capital markets in which investors, both domestic and overseas, can have confidence. This in turn is important for New Zealand's sustainable economic development.
Financial institutions and casinos now have access to information about potential money laundering risks in their sector following the release of Sector Risk Assessments today.
611 views
The High Court, on application from the Securities Commission, has today granted interim injunctions to stop shares being transferred to limited partnerships associated with Mr Bernard Whimp.
523 views
The Securities Commission has today made orders against limited partnerships associated with Mr Bernard Whimp.
739 views
The Securities Commission is alerting investors to be wary of further unsolicited offers for shares which have been brought to its attention following a warning it issued yesterday.
600 views
The Australian Securities and Investments Commission (ASIC) and New Zealand Securities Commission have jointly published updated guidance for Australian and New Zealand issuers offering shares, debentures or interests in managed or collective investment schemes in both countries.
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The Securities Commission is warning investors to be very wary of any unexpected offers they may receive for their shares or other investments.
532 views
The first Qualifying Financial Entities (QFEs) licences have been granted today signalling the next step in the implementation of the new financial advisers regulatory regime.
604 views
In April 2010, the Securities Commission commenced civil proceedings against Nuplex Industries Limited and six of its present or past directors, John Hirst, Robert Aitken, Barbara Gibson, David Jackson, Bryan Kensington and Michael Wynter.
527 views
The Securities Commission has commenced civil proceedings against Insured Group Limited, formerly known as Lombard Group Limited, in relation to alleged breaches in 2007 and 2008 of the continuous disclosure provisions of the Securities Markets Act 1988.
507 views
The Securities Commission has published the standard conditions Qualifying Financial Entities (QFEs) will need to abide by when their employees and representatives give financial advice.
521 views
The Securities Commission has banned INNL's investment statement following the banning of INNL's website earlier this month.
740 views
The Securities Commission today released information about the status of its investigations into 50 failed finance companies.
772 views
The Securities Commission's latest review of financial reporting standards continues to highlight the need for a greater focus on transparency.
525 views
The Securities Commission invites submissions on proposed standard conditions for financial adviser businesses that apply for Qualifying Financial Entity (QFE) status.
555 views
The Securities Commission invites submissions on proposed standard conditions for Authorised Financial Advisers (AFAs).
436 views
The Securities Commission today released an updated edition of its QFE Adviser Business Statement Guide reflecting changes to the Financial Advisers Act.
560 views
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.
616 views
The Commissioner for Financial Advisers, David Mayhew has approved the draft Code of Professional Conduct for Authorised Financial Advisers, and sent it to the Minister of Commerce, Hon Simon Power for his approval.
684 views
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.
522 views
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.
574 views
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, and shareholder and stakeholder relations.
570 views
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.
576 views
The Securities Commission has accepted enforceable undertakings from the partners of Finance & Investments, Mr Andrew Harding and Mr Murray Scholfield.
583 views
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 Barry Whale.
646 views
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.
607 views
The Commissioner for Financial Advisers, David Mayhew, today urged advisers to get ready for the new regulatory regime.
728 views
The Securities Commission welcomes the settlement achieved between the Commerce Commission and ANZ National Bank Limited (ANZN) and ING (NZ) Limited (ING).
574 views
Former Timaru-based investment adviser Neville Ian Cant, found guilty of forgery and theft, is banned from operating as an adviser or investment broker for five years.
529 views
Debenture-holders in Strategic Finance Limited should be wary of an offer by Stock & Share Trading Company Pty Limited to buy their debentures for 5c in the dollar.
533 views
The Securities Commission today released the AFA Adviser Business Statement Guide to help financial advisers prepare for the new regulatory regime.
743 views
The Securities Commission has decided to file civil proceedings against Nuplex Industries Limited (Nuplex) and certain current and former directors.
407 views
The Securities Commission has issued civil proceedings under the Securities Act against Lombard Finance & Investments directors Sir Douglas Graham, Michael Reeves, William Jeffries and Lawrence Bryant.
248 views
The release today for public consultation of the draft Code of Professional Conduct is a significant step towards having the financial adviser regime in place, according to David Mayhew, the Commissioner for Financial Advisers.
475 views
The Securities Commission has issued guidance for the financial advice sector on the boundary between financial a planning service and financial advice.
289 views
The Securities Commission has today published guidance for providers on distribution and disclosure of KiwiSaver schemes.
317 views
The Securities Commission has laid criminal charges and issued civil proceedings against Capital + Merchant Finance directors Neal Nicholls, Owen Tallentire, Colin Ryan and Robert Sutherland.
500 views
The Securities Commission today issued interim guidance for non-bank deposit takers (NBDTs) on disclosure of credit ratings.
378 views
The Securities Commission has been advised that Huljich Wealth Management (New Zealand) Limited has voluntarily withdrawn its current investment statement for the Huljich KiwiSaver Fund after Commission staff expressed concerns about reporting of historical investment returns.
374 views
The Securities Commission warns people who have been invited to invest in Inertialess Drive ZPE (2010) Limited that its share offer is illegal.
396 views
Debenture-holders in Strategic Finance Limited should be wary of an offer by Marchmont Securities Trust to buy their debentures for 10c in the dollar.
326 views
NZX's performance as a registered exchange has been good, according to the Securities Commission's annual oversight review of NZX.
250 views
The Securities Commission today released the first of its guides to assist the financial adviser industry to prepare for the new regulatory regime.
1,192 views
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, despite being highlighted in previous reviews.
213 views
The Securities Commission has reviewed recent trading of shares in Allied Farmers Limited ("ALF") and decided that no further action is required.
209 views
Two members have resigned from the Code Committee of industry representatives that is working on the Code of professional conduct for financial advisers.
203 views
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.
255 views
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.
255 views
Some 535 shareholders are still eligible for compensation from settlement of the Tranz Rail insider trading case.
237 views
The Securities Commission's recent review of financial reports has found the overall quality of reporting to be 'satisfactory'.
238 views
The Securities Commission has made changes to its class exemption for short form prospectuses to assist companies which seek to raise capital from existing security holders.
264 views
The Securities Commission is now reviewing reporting by issuers on their corporate governance as part of its ongoing financial reporting surveillance programme.
218 views
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.
195 views
The Securities Commission has identified matters issuers need to focus on as a result of its recent review of financial statements.
184 views
The New Zealand Securities Commission reaffirms its commitment to the development and enforcement of high quality financial reporting standards.
202 views
New, more serious Securities Act charges have been laid against Bridgecorp executive directors Rodney Petricevic and Robert Roest.
397 views
The Securities Commission has released Cycle 7 of its Financial Reporting Surveillance Programme.
303 views
The Securities Commission's third annual oversight review has found NZX's performance as a registered exchange continues to be good.
371 views
New Zealand Commerce Minister Lianne Dalziel and Senator the Hon Nick Sherry, Australian Minister for Superannuation and Corporate Law, today welcomed the entry into force of a landmark agreement between Australia and New Zealand that will smooth the way for businesses to raise capital and for the public to invest with greater ease in both countries.
320 views
The New Zealand Securities Commission and the Australian Securities and Investments Commission (ASIC) today welcomed the announcement of the Mutual Recognition of Securities Offerings (MRSO) by the Minister of Commerce in New Zealand, Hon Lianne Dalziel and the Minister for Superannuation and Corporate Law in Australia, Senator the Hon Nick Sherry.
810 views
The Chairman of the Securities Commission, Jane Diplock AO, has been re-elected Chairman of the Executive Committee of IOSCO (International Organization of Securities Commissions) for a third term.Â
218 views
The Securities Commission is again in the top ten small workplaces category in the Unlimited/JRA Best Places to Work in New Zealand Survey 2007.
236 views
A new wave of telephone share scams is underway.
226 views
If you visit an investment adviser tomorrow you should be given a disclosure statement explaining the adviser's qualifications and training, the products they give advice on, and the fees you will have to pay.
244 views
The Securities Commission will be contacting investment advisers and brokers early next month to check their compliance with new investment adviser disclosure laws.
208 views
On Monday 11 February 2008 the Commission gave notice of its intention to recommend that regulations be made amending the Securities Regulations 1983.
180 views
The Securities Commission has released the terms of reference for its oversight review of NZX for the 2007 calendar year.
253 views
"New securities law for investment advisers and market participants 2008" is now available at www.seccom.govt.nz and www.newsecuritieslaw.govt.nz .
220 views
The Minister of Commerce, Hon Lianne Dalziel, today announced that changes to securities law made when the Securities Legislation Bill was passed in October 2006 will come into force on 29 February 2008.
296 views
The Securities Commission today launched a campaign aimed at helping people make better investment decisions.
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The Securities Commission has completed cycle 5 of its financial reporting surveillance programme.
250 views
The Securities Commission has completed its inquiry into the IPO prospectus of Feltex Carpets Limited ("Feltex") and the company's compliance with financial reporting and continuous disclosure obligations.
284 views
The Securities Amendment Regulations 2007 come into force on 21 September 2007.
251 views
The government acted today to ensure trustees will have the tools they need to supervise the activities of finance companies on behalf of investors.
333 views
The Securities Commission has completed its review of continuous disclosure in relation to ICP Biotechnology Limited's projected revenue and EBITDA forecasts for the June 2007 financial year and allegations of insider trading against Dr Earl Stevens, former CEO and Managing Director.
288 views
The Labour-led government has accepted proposals by the Securities Commission and is moving quickly to give Trustee Companies improved tools to supervise finance companies on behalf of investors, Commerce Minister Lianne Dalziel says.
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It was reported earlier today that LDC Finance Limited has been placed in receivership at the request of its directors.
350 views
The Securities Commission has now received all reports it has sought from finance companies.
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All except one of the finance companies that were asked to report to the Commission by yesterday have confirmed that their current prospectuses comply with the law and are not false or misleading.
390 views