Hon Simon Power
Minister of Commerce
29 November 2008 Media Statement
Commerce Minister welcomes capital market report
Commerce Minister Simon Power has welcomed the Capital Market Development Taskforce’s interim report, saying it would
receive his urgent attention.
The report recommends changes to stock-market rules and to securities laws and regulations aimed at improving processes
for raising capital. It notes that some of the changes would simply remove unnecessary duplication in the current
"Thriving capital markets are important for economic growth, and during the current difficult economic circumstances it
is important the Government respond quickly with carefully considered and positive support for our businesses," Mr Power
"These interim recommendations are focused on reducing the costs to businesses of raising capital and were produced in
response to the current circumstances.
“Although the taskforce was not due to report back till September next year, publishing an interim report in view of the
current crisis is a welcome initiative.
“I look forward to working through these ideas with its chair, Rob Cameron, and other taskforce members, and will
consider these proposals within the context of the wide range of work the Government is putting in place in response to
these difficult times.”
Mr Power intends to meet Mr Cameron in the next few days as the Government responds to financial pressures facing