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Hazardous Substances Regulations

The Ministry of Business Innovation and Employment is currently seeking feedback on an exposure draft of the proposed Health and Safety at Work (Hazardous Substances) Regulations 2016 (the Regulations). The use of hazardous substances and the risks they pose to health in the work context are currently regulated under the Hazardous Substances and New Organisms [...]

April 1st, 2016|Categories: Legal Developments|Tags: , , , |

Exemption from FMC Act Licensing Requirements

On 25 August 2015, the Minister of Commerce and Consumer Affairs, Paul Goldsmith, announced that the share trading platform “Unlisted” will be granted an exemption from the licensing requirements of the Financial Markets Conduct Act 2013 (the FMC Act).  Unlisted provides a facility for trading previously allotted securities, through unlisted stockbrokers and has been operating [...]

October 19th, 2015|Categories: Legal Developments|Tags: |

FMA Breaches requirements of Natural Justice

In the recent case Vivier and Company v Financial Markets Authority [2015] NZHC 2337, the High Court overturned the Financial Markets Authority’s (the FMA) exercise of its power to deregister a Financial Service Provider (FSP) (Vivier), on the basis that the FMA breached its obligations of natural justice.  This case illustrates the first appeal of [...]

October 19th, 2015|Categories: Legal Developments|Tags: |