Prelimiary analysis of electronic investing by the Securities Commission suggests that the current regime is causing few problems, but there appears to be an marketplace desire for standard guidelines for marketing securities (financial bonds, stocks or shares) on the Internet.
The New Zealand Securities Commission is consulting local funds managers about their experiences of investing electronically as part of a study on Internet investment. The study will provide information about use of the Internet by both marketers and investors and identify any impediments that the current securities law may be creating in this area.
The Securities Commission is a statutory corporation which is expected to act independently of the government. Set up in 1978 under the Securities Act its aim is to facilitate capital investment in New Zealand and promote the efficiency of the local securities markets and strengthen public and institutional confidence in these markets, both in New Zealand and overseas.