The consultation seeks views on how financial market infrastructures will be identified as systemically important and the proposed approach to developing standards.
July 27, 2021A new Explanatory Note identifies electronic sources of information that reporting entities can use for identity verification.
July 18, 2021Reporting entities will have to conduct customer due diligence on nominee directors and nominee general partners of companies, among other changes.
July 14, 2021Fund Managers Otago incorrectly calculated and disclosed returns in fund updates and entered into prohibited related party transactions, among other breaches.
July 11, 2021The overall design of NZ RegCo is a notable improvement on prior arrangements, FMA said in an annual review of NZX.
July 2, 2021Social 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, 2021The FMA says liquidity stress tests are not being performed frequently enough and fund managers do not have sufficient liquidity management tools.
June 24, 2021Businesses affected by an auditor shortage in New Zealand will be allowed an additional month to comply with reporting requirements.
June 15, 2021The FMA is seeking a pecuniary penalty against CLSA Premium NZ and costs. The maximum penalty is NZD 2 million.
May 11, 2021The Bill provides the RBNZ and FMA with comprehensive regulatory, supervisory, enforcement, and crisis management powers in respect of important FMIs.
May 7, 2021