1. Compliance
  2. Consultation
  3. Consultation paper: Determining whether you are acquiring a business or assets

Consultation paper: Determining whether you are acquiring a business or assets

First published 19 July 2018

Final date for submissions

5pm Thursday 30 August 2018

 

Consultation documents

Consultation paper: Determining whether you are acquiring a business or assets 

Submission form

Feedback form

E-mail for submission consultation@fma.govt.nz (please use the title of the consultation paper for the subject line)

We are consulting on guidance on how to determine whether a business has been acquired (or is to be acquired). Under the FMC Regulations, prescribed financial information about business acquisitions must be included in the PDS for an offer of debt or equity. It is sometimes not clear what is a business acquisition for these purposes.

We are seeking your feedback on our proposed guidance that issuers should:

  • refer to generally accepted accounting practice (GAAP) and its guidance to determine whether a business or asset has been acquired
  • consider disclosing certain additional information where an asset has been acquired.

Please send your feedback to consultation@fma.govt.nz (please use the title of the consultation paper for the subject line).

Submissions close 5pm Thursday 30 August 2018.