Your trusted CPD partner


Securities Markets Update

NZ $40.00
This book is only available in PDF format
Author(s): Frank McLaughlin, Roger Wallis
Published: 22 October, 2002
Pages: 96



That securities markets exist at all is magical, in a way. Investors pay enormous amounts of money to strangers for completely intangible rights, whose value depends entirely on the quality of the information that the investors receive and on the sellers’ honesty.1

Both domestically and internationally, securities law is under the reform microscope. The US reform (in the form of the Sarbanes-Oxley Act) is an attempt to address the scandals of corporate misfeasance that have rocked the US. In New Zealand reform reflects the belief that some of New Zealand’s securities law, and in particular those laws that regulate secondary market trading and disclosure, were falling short of international standards.

[1] Bernard S Black, “The Legal and Institutional Preconditions for Strong Securities Markets (Stanford Law School John M Olin Program in Law and Economics Working Paper No. 179)” (2001) 48(11) UCLA Law Review 781, 782.


Content outline

  • Takeovers code
    • Regulatory framework
    • Application of the code
    • The Fundamental Rule
    • Exceptions of the fundamental rule
    • Full offers and partial offers
    • Shareholder approval
    • Compulsory acquistion
    • Defensive tactics
    • Enforcement and penalties - consequences of non-compliance
    • Possible reforms - key differences with Australian regime
  • Insider trading law: listed and unlisted companies
  • Continuous disclosure
  • Directors' and officers' security dealings disclosure
  • Substantial security holder disclosure
  • Market manipulation
View contents page

You might also be interested in ...

Registrant Details

Use this window to add all the registrants you wish to register on behalf of. If you want to attend the course also, ensure you add yourself as one of the registrants. Make sure you press ‘save’ after adding each new registrant.

Proceed to Checkout

Urgent Changes to Overseas Investment Rules - protecting the national interest

Publication Date: 20-Jul-2020

Authors: Nelson Curry, Pedro Morgan, Vanessa Horne

NZ $40.00

Multiple Registration

Employment Law Conference 2008

Publication Date: 30-Oct-2008

Author(s): Kathryn Beck, Andrew Scott-Howman, Rob Towner, Penny Swarbrick, John Haigh QC, Joanne Watson, Don Mackinnon, Stephen Langton, Richard McIlraith, Ian Gordon, Susan Hornsby-Geluk, Philip Skelton, Kevin Thompson, Judge Barrie Travis, Paul Wicks, Denis Asher, Emma Butcher, Andrew Caisley, Nikki Dines, Barry Dorking, Mike Feely, Walter Grills, Hamish Kynaston, Campbell McKenzie, Grant Nicholson, Carl Reaich, Professor Paul Roth, Karen Spackman

NZ $110.00

Multiple Registration
freephone (within NZ)
0800 333 111

[email protected]

04 472 7837
Level 4, 17-21 Whitmore Street
Wellington 6011

DX SP 20202
PO Box 5041
Wellington 6140
New Zealand