New Zealand: Financial Sector Assessment Program—Detailed Assessments of Observance of Standards and Codes—International Organization of Securities Commission (IOSCO)—Objectives and Principles of Securities Regulation
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Summary:
This paper evaluates the Observance of Standards and Codes on the International Organization of Securities Commission (IOSCO) Objectives and Principles of Securities Regulation for New Zealand. New Zealand equity markets are comparatively small with market capitalization of about 44 percent of GDP. Reflecting a preference for property investment, ownership of New Zealand-listed equities remains mostly in the hands of offshore investors and domestic institutional investors, with only about one-fourth held directly by households. Securities market intermediaries include sharebrokers, futures dealers, investment advisers, and managers of collective investment schemes, including contributory mortgage brokers.
Series:
Country Report No. 2004/417
Subject:
Financial institutions Financial markets Financial regulation and supervision Financial statements Futures Public financial management (PFM) Securities Securities markets Securities regulation
English
Publication Date:
December 22, 2004
ISBN/ISSN:
9781451830286/1934-7685
Stock No:
1NZLEA0042004
Pages:
43
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