22 February 2010

 

Last week, on Thursday 18th February 2010, the New Zealand Government released its action plan for responding to the report of the Capital Markets Development Taskforce from December 2009.

 

The Capital Market Taskforce (CMD) made a series of recommendations including providing accessibility of information on investment and encouraging opportunity for investment in New Zealand businesses and to sustain offshore interest in New Zealand investment sectors, such as agriculture.

 

Established by the MED in July 2008, the industry-led CMD Taskforce was tasked with producing a blueprint and action plan to develop New Zealand's capital markets.  The group also makes submissions on relevant legislation such as the CMD Taskforce's submission on the MED discussion paper of June 2009, "Financial Advisers Act 2008: Disclosure Regulations".

 

The Government’s release can be found here as well as a link to a table of the action plan which can be found here. The action plan highlights a number of the recommendations which the Government has committed to implementing. Further reading of the Minter Ellison Rudd Watts News Alert sees our experts summarise some of the key points in the Governments action plan for the financial services sector.

 

The CMD taskforce includes Minter Ellison Rudd Watts’ Chair and Corporate Partner Cathy Quinn and is led by investment banker, Rob Cameron (Cameron & Co). 

 

We invite you to listen to a Radio NZ interview with taskforce member Cathy Quinn on the topic via this link or to contact us for more information.