All posts tagged "FMA"
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202Australia & NZRBNZ, FMA Consult on Implementation of FMI Act
The consultation seeks views on how financial market infrastructures will be identified as systemically important and the proposed approach to developing standards.
July 27, 2021 -
212AML / KYCNZ FMA Issues New Guidance on Electronic ID Verification
A new Explanatory Note identifies electronic sources of information that reporting entities can use for identity verification.
July 18, 2021 -
257AML / KYCNew Zealand to Update AML/CFT Regulations
Reporting entities will have to conduct customer due diligence on nominee directors and nominee general partners of companies, among other changes.
July 14, 2021 -
194Australia & NZ
NZ FMA Cancels Fund Manager Licence for ‘Material’ Breaches
Fund Managers Otago incorrectly calculated and disclosed returns in fund updates and entered into prohibited related party transactions, among other breaches.
July 11, 2021 -
164Australia & NZFMA Finds Improved Regulatory Arrangements at NZX
The overall design of NZ RegCo is a notable improvement on prior arrangements, FMA said in an annual review of NZX.
July 2, 2021 -
192Australia & NZ
NZ FMA Warns Influencers Against Providing Financial Advice
Social media influencers do not want to find themselves caught offering advice they’re not qualified or authorised to give, warns FMA chief Rob Everett.
June 30, 2021 -
296Australia & NZ
NZ FMA Unimpressed With Liquidity Practices at Funds
The FMA says liquidity stress tests are not being performed frequently enough and fund managers do not have sufficient liquidity management tools.
June 24, 2021 -
299Australia & NZ
New Zealand FMA Grants Reporting Relief Amid Auditor Shortage
Businesses affected by an auditor shortage in New Zealand will be allowed an additional month to comply with reporting requirements.
June 15, 2021 -
247AML / KYC
FMA, CLSA Premium NZ Agree Statement of Facts on AML Breaches
The FMA is seeking a pecuniary penalty against CLSA Premium NZ and costs. The maximum penalty is NZD 2 million.
May 11, 2021 -
472Australia & NZ
New Zealand Passes Financial Market Infrastructures Bill
The Bill provides the RBNZ and FMA with comprehensive regulatory, supervisory, enforcement, and crisis management powers in respect of important FMIs.
May 7, 2021
