Article by Jeromy Meerman for the Perspective series for Chartered Accountants Australia and New Zealand.

Financial Markets Conduct Act – transitional tips for financial reporting

We’re in transition. The Financial Markets Conduct Act 2013 (the “FMC Act”) is a once in a generation rewrite of New Zealand’s securities law.

It consolidates and updates the requirements for a number of financial markets participants and is being phased in over two years.

As at the date of this article more than 250 entities have already reported under the new requirements and at least another 500 will be subject to the requirements by 1 December 2016.

So what does that mean for your financial reporting? Do you need to comply? What’s changing? When do you need to comply? Are you ready? This article provides a brief overview of the new requirements and a few tips to help you along the way. Read more >