Statement of Intent 2006 - 2009

Enforcement - inquiring into suspected breaches of securities law and intervening in the interests of investors in accordance with statutory powers.

Bad market practice is seen to be unacceptable and the law is complied with.

Take enforcement action in the following areas:

• futures dealers,
• insider trading,
• market manipulation,
• secondary market disclosures (substantial security holder disclosure, continuous disclosure, disclosure of trading by directors and officers),
• offer documents,
• financial intermediaries,
• illegal offers,
• contributory mortgages.

This is done by:

• prohibiting advertising,
• removing offer documents from the market,
• taking civil enforcement action in the Courts,
• referring for prosecution,
• acting on behalf of overseas commissions,
• making other compulsory orders.