KAREN CHHOUR (ACT): Thank you, Mr Speaker, for the opportunity to stand and speak on the Financial Markets (Conduct of Institutions) Amendment Bill. This is an introduction of a new conduct regime. The behaviour targeted and required by this bill is laudable but misses the target. ACT has strong concerns over the scope and the application of this bill and would prefer to see a major rewrite before this has been introduced, or the holes in the bill are to be addressed.