Abstract:
This paper discusses the origins of the idea of New Zealand becoming the preferred funds domicile for the Asia-Pacific region and just how to go about achieving this goal. It outlines the necessary
structural changes that New Zealand must make, being an overhaul of the tax system and
regulatory regime. It then details what makes the UCITS regime the gold standard of investor
protection and compares the New Zealand and Irish domestic regimes to UCITS. It discusses the regulatory models available to New Zealand, being either a dual or a single regulatory regime. Finally, it provides a recommendation as to the steps that New Zealand should take in order to
reach its goal, including the most appropriate regulatory model.