The New Zealand Credit & Finance Institute (NZCFI) are running a workshop in Wellington concentrating on the legal aspects of the Personal Property Securities Act (PPSA) and its application in the PPSR system.
Consultation has opened on funding options and levies to enable the Financial Markets Authority (FMA) to regulate the new financial advice regime and respond to cost pressures within its current remit.
In December 2019, the first e-Invoice was exchanged between New Zealand businesses using the global, standards based framework – Peppol, setting the scene for billions of dollars in business transaction savings each year.
Public consultation is now open on the discussion document for implementation of the Insolvency Practitioners Regulation Act 2019: Proposed standards, conditions & policies for accredited bodies. This runs until 7 February 2020.
Public consultation has begun on the discussion document for implementation of the Insolvency Practitioners Regulation Act 2019 — Proposed minimum standards and conditions for the licensing of insolvency practitioners.
Morgan DeVere Corporate Finance Limited has been fined $40,000 following its conviction at the Wellington District Court on two charges of breaching the Financial Services Providers (Registration and Dispute Resolution) Act 2008.
The Financial Markets Authority has obtained a conviction against Morgan DeVere Corporate Finance Limited (Morgan DeVere) for falsely claiming it was registered on the Financial Services Providers Register (FSPR).