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
December 22, 2004
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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.
Subject: Financial institutions, Financial markets, Financial regulation and supervision, Financial statements, Futures, Public financial management (PFM), Securities, Securities markets, Securities regulation
Keywords: conduct rule, CR, Financial statements, Futures, futures exchange, insider trading, ISCR, market intermediary, material information, NZX business rule, NZX firm, Securities, Securities markets, Securities regulation, securities regulator
Pages:
43
Volume:
2004
DOI:
Issue:
417
Series:
Country Report No. 2004/417
Stock No:
1NZLEA0042004
ISBN:
9781451830286
ISSN:
1934-7685
