The Securities Industry Association represents the sharebroking industry and was established as a forum for discussing important industry issues and developments, managing industry change, and to represent the broking industry in respect of legislative management, operational and regulatory issues that impact the industry as a whole.
The Securities Industry Association members deal with a combined 190,000 New Zealand retail investors with total investment assets exceeding $40 billion. They also deal with virtually all global institutions with the ability to invest in New Zealand.
"This new role recognises the need to co-ordinate the activities of NZX Firms in liaising with regulators and other related bodies in a rapidly changing regulatory environment," association chairman Scott St John says.
Existing or potential work streams include the Securities Legislation Bill, investment adviser regulation, the review of financial products and providers, new provisions relating to anti-money laundering and countering the financing of terrorists, taxation of offshore direct equity investment and the lending of securities, and review of NZX Conduct Rules for Listed Issuers and NZX Market Participants.
Dowler has more than 25 years in the financial services industry, including some 14 years in investment advisory and compliance positions in NZX Firms.
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