Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZ accepted as signatory to int. securities MOU

NZ accepted as signatory to international securities MOU

The Securities Commission is to sign a global information-sharing MOU of securities regulators.

Regulators who are signatories to the MOU will be able to exchange essential information, such as bank, brokerage and client identification records, when investigating breaches of securities law.

The MOU was developed by the International Organisation of Securities Commissions (IOSCO) after the need for greater cooperation was highlighted by the events of 11 September 2001.

“We had to undergo a very rigorous screening process over almost a year before we were accepted,” Commission Chairman Jane Diplock said. “IOSCO needs to verify each applicant country’s ability to cooperate under the terms of the MOU.”

Being accepted as a signatory is a clear signal to markets around the world that New Zealand’s securities regulation meets the high standards set by the MOU and that the Commission has the legal authority to share information with overseas counterparts.

The MOU provides an international system for cooperation by regulators to combat breaches of securities and derivatives laws, including fraud and market abuse.

IOSCO is recognised as the international standard-setter for the securities sector. It currently has 181 members from more than 100 jurisdictions.

New Zealand joins Australia, the United States, the United Kingdom and 20 other countries who have been accepted as signatories to date. A full list of signatories is attached.

New Zealand was accepted as a signatory at IOSCO’s annual meeting in Seoul, Korea, earlier this month.

List of Signatories to the IOSCO Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange Of Information

(16 October 2003)

ALBERTA

Alberta Securities Commission

AUSTRALIA
Australian Securities and Investments Commission

BRITISH COLUMBIA

British Columbia Securities Commission

FRANCE
Commission des opérations de bourse

GERMANY
Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)

GREECE
Capital Market Commission

HONG KONG

Securities and Futures Commission

HUNGARY
Hungarian Financial Supervisory Authority

INDIA
Securities and Exchange Board of India (SEBI)

ITALY
Commissione Nazionale per le Società e la Borsa

JERSEY
Jersey Financial Services Commission

LITHUANIA
Lithuanian Securities Commission

MEXICO
Comisión Nacional Bancaria y de Valores

NEW ZEALAND

New Zealand Securities Commission

ONTARIO
Ontario Securities Commission

POLAND

Polish Securities and Exchange Commission

PORTUGAL
Comissão do Mercado de Valores Mobiliários

QUEBEC
Commission des valeurs mobilières du Québec

SPAIN
Comisión Nacional del Mercado de Valores

SOUTH AFRICA

Financial Services Board

TURKEY
Capital Markets Board

UNITED KINGDOM

Financial Services Authority

UNITED STATES OF AMERICA

United States Securities and Exchange Commission

UNITED STATES OF AMERICA

Commodity Futures Trading Commission (CFTC)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news