Financial Services and Compliance
Leading you through the complexity
Hayley Buckley leads our financial services and compliance practice.

She has significant regulatory experience in the financial services sector and has assisted a number of national and international companies with their licensing, authorisation and compliance requirements in New Zealand.

Hayley is recognised as one of New Zealand's leading legal advisers in equity crowdfunding. She was heavily involved in the consultation and policy phase of the legislation enacted in 2014 to give effect to equity crowdfunding. Hayley advises Snowball Effect, New Zealand's leading, and first licensed equity crowdfunding platform.


Recent Projects

  • Advising a large overseas based global derivatives issuer on compliance and risk relating to its New Zealand regulatory compliance obligations.
  • Ongoing regulatory and compliance advice on all aspects of crowdfunding services in New Zealand including licence, broker and custodial obligations.
  • Advising a large European fund manager on all aspects of its licensing and regulatory requirements in New Zealand, including transition from the Authorised Futures Dealer regime and its application to become a licensed derivatives issuer.
  • Advising a religious organisation in relation to regulatory and compliance matters, including MIS and DIMS licence requirements, and obligations relating to financial reporting requirements
  • Advising an Australasian derivatives issuer in relation to its retail investor disclosure documentation.
  • Assisting a national organisation with its business structuring to ensure market operator licence requirements were not triggered.
  • Advising multiple clients on their AML obligations.



COVID-19: Urgent measures taken to avoid or delay insolvencies - Important changes to the Companies Act 1993

At a press conference today given by Finance Minister Grant Robertson (Minister) it was announced that the government will be introducing legislation to amend the Companies Act 1993 (Act) to help companies that are faced with insolvency due to COVID-19.

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Insurance contracts and conduct of financial institutions review – MBIE Options Papers released

The Ministry of Business, Innovation & Employment has now released Options Papers for its review of insurance contract law and also for the conduct of financial institutions. This article discusses some of the key changes being considered.

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Cost of non-compliance: falling foul of AML/CFT obligations

The recent decision of the High Court in Department of Internal Affairs v Qian Duoduo Limited comes as a timely reminder to reporting entities about the risks associated with failing to comply with the Anti-Money Laundering and Countering Financing of Terrorism regime under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.

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AML/CFT Phase 2: Are You Ready?

If you are a lawyer, accountant, real estate agent, conveyancer, high-value goods dealer, or gambling service provider (Phase 2 Entities), it is important that you have an implementation plan for Phase 2 of the Anti-Money Laundering and Counter Financing of Terrorism Act 2009 (AML/CFT Act).

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Equity crowdfunding - what's it all really about?

Once again, New Zealand is leading the way in business reform. New laws allowing equity crowdfunding fundamentally change the way that private companies can raise funds, and give them a meaningful, cost effective and efficient way of doing so. The recent implementation of the Financial Markets Conduct Act 2103 allows companies to raise up to $2 million from the New Zealand public in a 12 month period, in return for shares in their company, provided they do so via a licensed equity crowdfunding provider.

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New Zealand: Equity crowdfunding gets green light from the minister - no individual investor caps

Equity crowdfunding gets green light from the Minister – no individual investor caps Cabinet has approved the regulations for equity crowdfunding which will come into force on 1 April. Equity crowdfunding will allow businesses to raise up to $2 million from investors, via a licensed crowdfunding platform, without the need for a formal prospectus or prescribed investment statement. Commerce Minister Craig Foss announced today that there will be no individual caps on the amount any investor may invest in a company raising funds via a licensed equity crowdfunding platform, provided however that a company will only be permitted to raise up to $2 million in any year. Wynn Williams has made a number of submissions on investor caps, as well as meeting with MBIE and Minister Foss, and has voiced strong support of no individual investor caps.

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How equity crowdfunding is accelerating start-ups in New Zealand

The New Zealand government is backing innovation and we in Australia seem to be watching on as our smaller neighbour becomes more agile and starts to get noticed overseas. The recent introduction of crowdfunding is just one example of how the entrepreneurial landscape in New Zealand is changing. With platforms such as Snowball Effect signing licensing agreements with the new regulator, the Financial Markets Authority, Kiwi entrepreneurs and investors are off to a flying financial start. Lawyer Hayley Buckley of New Zealand based Wynn Williams Lawyers estimates more than $NZ7.2 million has been raised via equity crowdfunding; $NZ5.7 million of that with Snowball Effect. Six companies have received significant investments to date, including Invivo Wines raising $2 million and capping out.

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Wynn Williams Christchurch
Level 5, Wynn Williams House, 47 Hereford Street, Christchurch 8013, New Zealand.
PO Box 4341, DX WX11179, Christchurch 8140.
+64 3 379 7622
+64 3 379 2467
Wynn Williams Auckland
Level 25, Vero Centre, 48 Shortland Street, Auckland 1010, New Zealand.
PO Box 2401, Shortland Street, Auckland 1140.
+64 9 300 2600
+64 9 300 2609

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