An independent review has found shortcomings in the way the FMA handled a conflict of interest last year and proposed changes to its processes.
March 22, 2022The guidance highlights the need for reporting entities to conduct due diligence to understand who has effective control or beneficial ownership of legal structures.
March 19, 2022The conduct guide sets out principles that financial services providers should apply when they are designing products or delivering services to the public.
March 18, 2022CTRL Investments allowed investors who could not demonstrate the necessary skills and knowledge to trade derivatives.
March 5, 2022NZX-owned Smartshares Limited has become the first fund manager to be approved under the Asia Region Funds Passport scheme.
January 26, 2022Changes from the consultation relate to the treatment of critical service providers and introduce discretion regarding the publication of material breaches.
January 21, 2022The government has asked the Council of Financial Regulators to bring forward an investigation into whether lenders are implementing the new lending rules as intended.
January 21, 2022Outsourced CDD does not exist in isolation from reporting entities' wider CDD procedures and obligations, the DIA and FMA said.
December 20, 2021This was the first transitional licence cancelled by the FMA, due to “serious misconduct” by the company's sole financial adviser at a previous employer.
December 15, 2021Between September 2005 and March 2020, some 35,000 home loan customers were overcharged a total of NZD 1.1 million.
December 10, 2021