June 2016

Having helped write a submission on the first round of consultation by NZX on its corporate governance reporting requirements, I was interested in the next round – being the responses received from interested parties in response to proposed changes. NZX has published the on-confidential submissions received from 40+ responders, grouped into the category of responder, […]

Earlier this month, the FMA released its auditor regulation and oversight plan for 2016. The FMA’s plan sets out the new style of audit report issued by the XRB, intended to provide better information to investors. The new auditor’s report includes new standards for listed entities – an auditor will be required to communicate key

Earlier this week the FMA announced that it had finally approved a series of class exemptions for overseas issuers which allow issuers making offers to New Zealand investors to rely on the disclosure, governance, financial reporting and audit requirements of their overseas jurisdiction where their regulatory standards are equivalent to New Zealand’s. The basis for

Last week, Rob Everett (the CEO of the FMA) gave a media briefing and opined that SMEs are struggling to attract high-quality directors to their boards, leaving a gap for firms just when they need an experienced hand on the tiller. Everett’s thesis seemed to be that the Financial Markets Conduct Act hadn’t led to