The recommendations of the Capital Market Development Taskforce are under review and Prime Minister John Key himself would lead the response to it given to its high importance for the financial segment of the nation.
Making government's intensions clear, Commerce Minister Simon Power added, "These recommendations are a key part of the Government's wider work program for the financial sector, and to demonstrate just how important we regard it, the Prime Minister will lead the response by announcing it early in 2010."
Power said that the proposed measures are aimed to increase the productivity of the economic market that would lead to the economic prosperity of the nation. The report analyses current challenges to the business world besides providing solutions for reporting adequate growth and mitigating hurdles in the way.
Government is likely to release discussion document on the review in the coming year and pay special attentions toward the Security Act. Mr. Power said, "It's important that we develop our capital markets to allow for business growth while ensuring that investors receive proper levels of protection."
The members who contributed in the taskforce include Gareth Morgan, Adrian Orr, Cathy Quinn, Scott St John, Mark Weldon, Nigel Williams, ob Cameron, Franceska Banga, Jonathan Ling, Rob McLeod, and Mary Holm.
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