170220 FMA Conduct Outcomes Report 2016
This report highlights the key issues and actions from our enforcement, supervision and preventative activities in the period 1 July 2015 to 30 June 2016.
It provides insight into the work we do and the approach we take, and helps businesses and professionals better understand our expectations of market conduct.
170220 FMA Conduct Outcomes Report 2016
This report highli...
AML/CFT 2016 Annual Monitoring Report
This report summarises our monitoring activities to help firms and individuals better understand our expectations and how they can improve their systems and processes, to comply with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act).
This report covers the period from 1 July 2015 to 30 June 2016. It was our third year of monitoring compliance with the Act....
FMA has an obligation to publish an Auditor Regulation and Oversight plan by 30 June each year, for a three year period, setting out our intentions for the regulation and oversight of auditors under the Act. This plan will help licensed auditors, registered audit firms and accredited bodies to understand how FMA will approach auditor regulation. It may also be of interest to issuers, investors and their advisers.
This report describes our conclusions following a review of matters arising out of Gentrack’s initial public offering (IPO) of shares and its disclosure at the time of the IPO.
Gentrack IPO Report 2014
The non-filing of financial statements by some financial markets participants is a persistent problem and has prompted FMA to undertake a review of issuers’ compliance with their financial reporting obligations.
The purpose of this report is to:
remind directors of their statutory financial reporting obligations under the Financial Reporting Act 1993 (FRA)
remind brokers and directors of the statutory filing obligations under the Securities Act (Contributory Mortgage) Regulations 1988
The purpose of this report is to inform market participants of the findings of our review and highlight areas of concern. It also:
reminds directors of the importance of the going concern assumption when preparing accounts using New Zealand GAAP and disclosure requirements
considers the requirements of New Zealand Auditing standards and whether the audit opinion is in compliance with these standards.
Going Concern disclosures in financial statements 2014.pdf (598 kB)...
In September 2012, FMA licensed securities trustees and statutory supervisors (licensees) pursuant to the Securities Trustees and Statutory Supervisors Act 2011 (the Act). Prior to the Act, licensees in New Zealand were not subject to independent regulation.
FMA recognises that it can take time for any newly regulated population to adapt to their new compliance obligations. In the context of licensee’s, adapting processes and building a culture of regulatory oversight of supervised interests...
The Securities Markets (Unsolicited Offers) Regulations 2012 (Regulations) came into force on 1 December 2012, in response to concerns about ’low ball’ offers. FMA closely monitored compliance with the new regulations as one of our focus areas in 2013 for building customer trust. In this report we set out our findings and observations. These are based on our monitoring activities to 14 February 2014.
Unsolicited Offers Monitoring Report.pdf (538 kB)...
Our review focused on the disclosure of non-GAAP profit information in market communications. This report outlines our findings and suggested areas of improvement. It is intended for issuers, their directors and preparers of financial information.
Monitoring of non-GAAP disclosures.pdf (434 kB)
This report was first published by the Financial Markets Authority (FMA) in June 2013 and discusses disclosure obligations under the SMA. These disclosure obligations now fall under the FMC Act and are largely unchanged, therefore the findings and observations contained in this report remain relevant.
FMA's review of market disclosures.pdf (241 kB)