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.
