Recent developments

Motor Vehicles Securities Register no longer available for searching
It is no longer possible to search the Motor Vehicles Securities Register. We recommend that you retain copies of any previous certificates of registration issued in relation to the Motor Vehicle Securities Register as proof of timing of any prior registrations.

New fast-track filing system for financial statements
The Companies Office has introduced an improved system for filing financial statements under the Financial Reporting Act 1993.

Proposed changes to stock exchange rules
The New Zealand Stock Exchange has sent the proposed NZX Participant Rules to the Minister of Commerce for review.

Link to PPSR security interests at Companies Office
It is now possible to access information about security interests registered against a specific company from a search of that company on the Companies Office website.

New Zealand accepted as signatory to the MOU of securities regulators
After a thorough screening process, New Zealand has been accepted as a signatory to the Multilateral Memorandum of Understanding Concerning Consultation and Co-operation and the Exchange of Information.

Australia adopts code of banking practice
A new industry-driven code of practice has been established for Australian banks.

UPDATE: Changes to International Accounting Standards
The International Accounting Standards Board has revised two International Accounting Standards that relate to financial instruments.

UPDATE: Directors and officers disclosure regulations approved
The Securities Markets (Disclosure of Relevant Interests by Directors and Officers) Regulations 2003 were promulgated in December last year and will come into force on 1 March.

Enquiries and information

For more information on any of the cases, articles and features in Financial Services Quarterly, please email Rachel Gowing or call on 64 9 916 8825.