Updates

Updates to articles published in the Summer 2004 edition of Financial Services Quarterly.

Legislation/In Parliament

Consumer Credit law reform - what do you need to know?
As mentioned in previous issues of Financial Services Quarterly, the Credit Contracts and Consumer Finance Act 2003 came into force on 14 October 2003.

Reform of securities trading legislation
Targeted consultation on the Securities Law Reform Bill was expected to commence after the Easter break.

Recent developments

Changes to International Accounting Standards
In the Summer 2003 issue of Financial Services Quarterly, we commented on standards issued by the International Accounting Standards Board. The two standards that relate to financial instruments are Standard 32:Disclosure and Presentation and Standard 39:Recognition and Measurement.

Clarification of directors' and officers' disclosure regime
Bell Gully has welcomed the Securities Commission's clarification of the application of the new disclosure regime for directors and officers of publicly listed companies, due to come into force on 3 May.

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.