Articles tagged with Market Capitalisation
Government Removes Health and Life Insurers from Climate Reporting to Cut Costs
1 month ago | 348 viewsThe Government is removing health and life insurers from the mandatory climate reporting regime, as these insurers are not directly exposed to climate risks and reporting adds unnecessary costs to their clients. This change follows previous adjustments raising the reporting threshold and excluding certain schemes, reducing the number of businesses required to report from 164 to around 67. The focus remains on ensuring large businesses with significant impact continue reporting, while cutting red tape for firms where reporting is less relevant.
Tags: Cameron Brewer Government Commerce and Consumer Affairs climate reporting health insurers life insurers NZX business growth market capitalisation red tapeNew Zealand Government Eases Climate Reporting Burden for Businesses to Boost Market Growth
9 months ago | 971 viewsCommerce and Consumer Affairs Minister Scott Simpson announces changes to support business growth and capital markets in New Zealand. The Government is adjusting climate reporting regulations to reduce costs and encourage listings on the NZX. Changes include raising the reporting threshold, adjusting liability settings, and excluding managed investment schemes. These adjustments aim to ensure robust reporting, maintain market competitiveness, and provide clearer information on investments for KiwiSaver and managed funds.
Tags: Government business growth capital markets climate reporting compliance costs Scott Simpson market capitalisation climate disclosures KiwiSaver investment Financial Markets Conduct Amendment Bill