Investigations and Enforcement Report

 
2015 Investigations and Enforcement Report
This report provides an overview of our investigation and enforcement activity in the year to 30 June 2015. The report highlights the use of a wider range of regulatory responses to poor compliance and misconduct including:
• the use of enforceable undertakings, or representations, agreed with either individual directors, businesses or large institutions
• interventions, such as third party reviews of firms processes
• FMA-imposed sanctions including through payments in lieu of penalty
• warnings and directions
• directing the Registrar to remove 28 companies from the Financial Services Provider Register.