The Minister of Commerce, the Hon Craig Foss, has released today Cabinet decisions on the shape of the regulations to be made under the Financial Markets Conduct Bill.

The Minister's press statement is available here.

The Cabinet papers that the Minister has released give further detail on the likely features of the new regime. Relevant decisions by the Cabinet include confirming the two page "key information summary" for the PDS, extending the new periodic reporting requirements that have been rolled out for KiwiSaver to all managed funds, and confirming that regulations will provide for crowd-sourcing and person-to-person lending.