All posts tagged "FMA"
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531Australia & NZNew Zealand to Nearly Double FMA Funding Over Three Years
The FMA’s funding is being increased over three years to minimise the burden on the financial sector entities who pay levies, where most of the new funding will come from.
May 15, 2020 -
805Australia & NZ
FMA to Grant ‘No-Action’ Relief for Regulatory Breaches
The 'no action' relief can be provided case-by-case to market participants who breach, or expect to breach, a regulatory obligation as a result of Covid-19 circumstances.
April 24, 2020 -
583Australia & NZ
FMA Preempts Insider Misconduct With Plea for Vigilance
New Zealand's FMA recognises that the current situation may give rise to a broader range of individuals having access to inside information.
April 23, 2020 -
982AML / KYCTiger Brokers NZ, Six Others Get Formal Warning for AML Failures
A public warning was issued to NZX-accredited Tiger Brokers, and six additional private warnings unnamed businesses or individuals.
April 7, 2020 -
13.1KAML / KYCThe Four e-KYC Models Around the World
Claus Christensen at Know Your Customer Ltd identifies four e-KYC models in use across the world, but says that harmonisation and consolidation of these schemes is likely.
April 5, 2020 -
978AML / KYC
RBNZ, FMA Offer AML/CFT Guidance During Covid-19 Lockdown
Under Alert Level 4, reporting entities have the discretion to not necessarily sight certain documents for ongoing CDD and account monitoring.
March 31, 2020 -
644Australia & NZ
New Zealand Delays New Financial Advice Regime
The new regime will be deferred until at least March 2021, allowing financial advisers to focus on helping their clients, staff and families during "this difficult time", the FMA says.
March 27, 2020 -
360Australia & NZFMA, NZX Announce Support Measures for Listed Companies
The measures include higher capital raising capacity for issuers, a two month extension for financial reporting, and delays for some regulatory work.
March 19, 2020 -
573Australia & NZNew Zealand Takes Step Towards New Financial Conduct Regime
New legislation to establish an effective fair conduct regime for the financial sector has passed its first reading in New Zealand.
February 19, 2020 -
478Australia & NZ
New Zealand Consults on Options to Increase FMA Funding
Under the base case, the FMA needs an additional NZ$20mn in annual funding to respond to cost pressures brought on, in part, by the new financial advice regime.
February 3, 2020
