CMDT tagged posts

Capital Market Development Paper Released

December 16, 2009 New Zealand FinanceNew Zealand Taxation

Government Building @ WellingtonOn December 16th, the Capital Market Development Taskforce (CMDT) released their final report to the New Zealand Government.

The Taskforce’s paper consists of six groups of recommendations for New Zealand’s capital markets. According to the report, if implemented, the ideas will improve the contribution of capital markets to the country’s economic growth and bring significant fiscal benefits to New Zealanders.

The CMDT has proposed that regulations be established to improve financial advisory services and information available to investors, along with improving investment literacy. Suggestions include replacing investment statements and prospectuses with more standardized disclosure documents. Warnings should be applied to high-risk and complex investments products.

The paper identifies...

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