News Round Up

Regulations under the Securities Markets Act are currently being drafted and are planned to come into effect in the second half of the year.

The regulations will bring the new provisions of the Securities Markets Act (passed as part of the Securities Legislation Bill last year) into force. The regulations will come into force in a phased approach, with those provisions relating to disclosure being promulgated but not coming into effect for two to three months to allow for education and transition, the Ministry of Economic Development says.

The regulations developed through ongoing consultation will enhance securities markets through greater transparency and efficiency by: easing compliance, and clarifying the obligations of investment advisers amongst other things.

Lombard sells insurance online
Lombard Group has launched an online insurance and mortgage facilitation business, Maestro Commerce.