The Financial Markets Authority no longer officially recognises this predecessor organisation.
The Securities Commission was an independent Crown entity of the government of New Zealand and the main regulator of investments. It was replaced on 1 May 2011 by the Financial Markets Authority.
It was responsible for enforcement, monitoring and market oversight of the securities markets, authorising participants and promoting public understanding of investments. This included authorising the New Zealand Stock Exchange with which it ran a co-regulatory model.
On 27 April 2010, the New Zealand minister for commerce Simon Power announced that the Securities Commission would be replaced by a new integrated financial regulator, the Financial Markets Authority.[2]
^2009 Annual Report – Recruiting and retaining staff
^Bennett, Adam (29 April 2010). "One financial regulator to rule them all". The New Zealand Herald.
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