It’s Money Week and the perfect time to get your money fighting fit! The FMA will be hosting a panel discussion to promote greater understanding of investment risk at St Matthew in the City, on Thursday 16 October. The event is free and open to everyone.
Find out more
At the end of September we released our Guidance Note: Governance under Part 4 of the FMC Act.
Part 4 introduces new reporting duties for debt issuers, MIS managers/trustees of restricted schemes, supervisors, auditors, custodians, actuaries, investment managers and administration managers. Our new Information Sheet: Reporting duties under Part 4 of the FMC Act, outlines the new duties for each party.
In November the FMA is hosting two sessions to discuss the steps and activities managed investment scheme (MIS) managers need to take to transition to the FMC Act. The sessions will appeal to managers of KiwiSaver, superannuation, unit trusts and other MIS.
Times & Dates:
More details will be published on our website soon, but in the meantime pencil the date in your diary.
The FMA’s KiwiSaver and Superannuation Schemes reports for 2014 were released on 30 September. The reports provide a general overview of our activities relating to KiwiSaver and New Zealand’s superannuation schemes and set out the statistical highlights for the year ending 30 June 2014.
KiwiSaver Report 2014
Superannuation Schemes Report 2014
We’ll be consulting on several aspects of the new offers framework (including an update to our existing guidance on effective disclosure), and on our discretion to use s224 (FMA discretion to authorise the issuer to decline a request for a copy of a register).
Our ‘How can I get involved’ webpages provide more detail on our indicative publication timeline.