MBIE has released a discussion paper on regulations and registers to be made under the Financial Markets Conduct Bill. The Bill requires a large amount of regulations to be made and regulations will cover matters such as:

  • detailed disclosure requirements including timing, form and content;
  • licensing criteria and conditions
  • exemptions to the general rules in the Bill
  • additional governance rules for certain financial products

The consultation paper and further information can be accessed here. Submissions are due 1 March 2013.