An invitation to contribute your views and feedback to the Capital Markets 2029 review
The Financial Markets Authority (FMA) and NZX have initiated an industry-led review of capital markets in New Zealand, namely Capital Markets 2029.
The purpose of Capital Markets 2029 is to deliver a ten-year vision and growth agenda for the sector with more people and companies involved in more vibrant capital markets to build opportunity and wealth for New Zealanders. The review will consider the current framework and broader capital market ecosystem, and outline areas of opportunity for NZ’s capital markets to deliver for the New Zealand economy and support delivery of Government policy where alignment exists.
Martin Stearne has been appointed to chair the group and has formed a steering committee, comprising leading representatives of the investment, broking, legal and other associated industries. The Committee is being supported by EY, who have been engaged to be the committee secretariat, provide research, analysis and insight into domestic and international trends and help produce the final report of the committee.
What do we mean by Capital Markets?
The framework provided by the 2009 Capital Markets Taskforce is useful to describe what we mean by capital markets. They effectively sit between investors and businesses that use investors’ savings. In this paper the term Capital Markets should be read in this context unless noted otherwise.
Invitation for feedback
Following consultation with a range of industry participants, the Capital Markets 2029 Steering Committee (Steering Committee) now invites all interested parties to submit their feedback on NZ’s Capital Markets to help ensure our final recommendations reflect a breadth of New Zealanders views in promoting the health of NZ’s Capital Markets. The Steering Committee has not yet formed its views on the observations shared to date from industry participants.
Your feedback can be made via this link. The closing date for feedback is 5pm, Friday, 7 June 2019.
We encourage feedback in the form of a summary of major points and observations along with any recommendations/solutions identified. Please indicate whether it is okay for the Steering Committee to contact you to discuss the points raised, if required. We do not intend to publish feedback received, however our final report will acknowledge of all those who have materially contributed to the process. We will also respect any respondents’ wishes for confidentiality or anonymity.
We thank you in advance for your feedback. Please note the Steering Committee does not intend to make media comment at this time, other than regarding matters of process.
1 Capital Markets Matter, Report of the Capital Market Development Taskforce December 2009