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Get a heads up on what we’re releasing soon
Consultation: Determining whether you are acquiring a business
We intend to consult on guidance on how to determine whether a business has been acquired (or is to be acquired). Under the FMC Regulations, prescribed financial information about business acquisitions must be included in the PDS for an offer of debt or equity. It is sometimes not clear what is a business acquisition for these purposes.
NZX general obligations review
Our annual review of how well NZX is meeting its statutory obligations will be published by the end of June.
MIS manager valuation and pricing practices
Following our review of the valuation and pricing practices of Managed Investment Scheme (MIS) interests, we will shortly release an information sheet on our findings and recommendations.
MIS market index exemption/guidance
We expect to grant an exemption for managed investment schemes managers that will take effect in July. They will no longer have to publish a market index in their quarterly fund updates if there is no appropriate broad-based securities index. The exemption has conditions attached - one of which is that managers use a peer group index instead, if this is useful for investors. We will publish guidance and the exemption notice at the same time.
QFE insurance providers’ replacement business practices
In July we will release a thematic review focused on QFE insurance providers’ replacement business practices. It will look at how these providers’ policies and procedures are ensuring consumer protection. This work is part of a suite of reviews of conflicted conduct in the financial services sector. We will follow up later this year with a report on the structure of bank incentives.
Improving the quality of financial reporting
This monitoring report will summarise the findings from our review of improvements in the presentation of financial statements, and include suggestions for further improvement. It will be published by the end of June.
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