The Financial Markets Authority (FMA) has signalled it's prepared to make changes to controversial new requirements for companies trying to raise money from the public.
The authority has been consulting with industry players about how to prepare and present effective prospectuses and investment statements, by avoiding unnecessary jargon and confusing information.
Some groups had raised concerns about the costs and complexities involved.
FMA chief executive Sean Hughes says more than 60 written submissions are being reviewed, and further consultation will be conducted before a final note is issued.
He says there is a lot of material to go through and the guidance may be quite different to the original draft because there is a lot of feedback to take into account.
Mr Hughes says the authority does not believe that what it's proposing will incur additional cost.
He says it wants to deliver guidance that will assist the market to meet its obligations more carefully and efficiently to prevent companies having to rewrite their offer documents down the track.
Mr Hughes says the cost issue needs to be looked at in terms of what the total exposure to the market might be in getting these documents right.
