Capital markets reform phase two
MBIE is seeking views on New Zealand's priorities for capital-market reform and eight targeted regulatory areas, including disclosure, liability, investment settings and market innovation.
- Closing date
- 25 August 2026
- Added to Civics
- 25 July 2026
- Source category
- Public service
- Last checked
- 25 July 2026
Closes in 31 days
Plain-English summary
MBIE's phase two discussion document seeks views on New Zealand's priorities for capital-market reform, its position in global competition for capital, and regulatory responses to digital and AI-related financial-market innovation.
It covers eight targeted areas: product disclosure statements; director and issuer liability; Catalist market settings; Unlisted Securities Exchange audit requirements; crowdfunding and peer-to-peer lending limits; wholesale investor settings; auditor liability; and broker activity and offer visibility. The document does not propose a preferred solution.
Submissions should use MBIE's template and be emailed to financialmarkets@mbie.govt.nz by 5pm on 25 August 2026.
Why it matters
The review could change obligations and liability settings for businesses, directors, issuers, auditors and intermediaries.
Changes to investor, crowdfunding and peer-to-peer lending settings could affect how businesses raise capital.
The discussion will inform the Government's priorities before preferred reforms are developed.
Who may care
- People and organisations investing or raising money through New Zealand capital markets
- Listed and unlisted issuers, directors and financial-sector professionals
- Consumer, business and professional bodies interested in financial-market regulation
How to make a submission
- Read the phase two discussion document and use MBIE's submission template.
- Email the completed submission to financialmarkets@mbie.govt.nz with 'Consultation on capital markets reform' in the subject line.
- Submissions close at 5pm on 25 August 2026.
Disclaimer
Civics.nz is an independent plain-English guide and is not an official government website. Always check the official source before making a submission.