The Australian regulator released a consultation paper proposing class order relief and guidance for foreign companies offering CHESS Depositary Interests over their shares to investors in Australia.
Australian Securities and Investments Commission (ASIC) is encouraging providers of investor directed portfolio services or so-called platforms to review ongoing compliance with class orders.
Australia’s disclosure regime ensures retail investors can trust the integrity of the market, the Australian Securities and Investments Commission (ASIC) said, although it warned companies not to become complacent.
A survey by the Financial Markets Authority has found more people are confident in New Zealand's financial markets, but half are still unsatisfied with investment material companies give clients.
Australian Prudential Regulation Authority has told banks it will stop allowing lenders to use non-recourse debt to bolster their Tier 1 capital requirements.
Australia’s securities regulator has outlined ongoing and new initiatives to cut red tape and lower compliance costs for market participants.
A long-term cultural shift for the better is underway in New Zealand financial services as the new Financial Markets Conduct Act 2013 takes effect.
The Australian Prudential Regulation Authority has released a discussion paper outlining a revised standard for securitisation.
New Zealand’s Ministry of Business, Innovation and Employment will conduct a consultation on the proposal for easier-to-follow product disclosure statements (PDS) which will be required from companies listing on the country’s exchange.
Australia’s top central banker sees the country’s financial system moving toward a more market-based sources of finance, particularly bond issuance.