News

Treasury questions beefed up trustee powers for Securities Commission

Thursday 4th of March 2010

In its Regulatory Impact Statement on the Securities Trustees and Statutory Supervisors Bill, the government department says its supports the proposed legislation "except for the requirements for trustees to report breaches in trust deeds in real-time and for the commission to have the power to direct trustees to take a particular course of action to remedy breaches."

It fears the power...

Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.