A haul of 72 submissions, from a who's who of the nation's most powerful businesses, has been filed on reforms to decades-old securities legislation.
The Financial Markets Conduct Bill was tabled in Parliament yesterday as a final act by outgoing Commerce Minister Simon Power.
The draft legislation received 72 submissions from lobby groups, fund managers, investors, corporates and broking groups, though four notable names kept their thoughts private.
Submissions from lender Bank of New Zealand, oil company Shell Petroleum Mining, local oil and industry barons the Todd Family Office, and supermarket chain Foodstuffs Auckland weren't published on the Ministry of Economic Development's website, which released the views of other submitters.
The legislative overhaul will cap off Power's contribution to his commerce portfolio, which included the introduction of a super-regulator in the Financial Markets Authority, completing the licensing regime for financial advisers and introducing new checks for other industry players who were previously self-regulating such as auditors and trustees.