Investment watchdog the Financial Markets Authority has given the Government an exemption from rules around share floats, allowing it to give more detail on its plan.

The Financial Markets Authority is appealing the non-custodial sentences handed out to the directors of failed lender Lombard Finance & Investments.

The Financial Markets Authority is about to celebrate its first birthday and boss Sean Hughes says it's been no picnic.

Out-of-pocket investors in failed finance company Hanover are delighted six former directors could be ordered to pay up to $5 million each if a civil action against them is successful.