Guidance library

Found 138 results. Displaying page 1 of 7

1. • Corporate governance
   • Crowdfunding
   • DIMS
   • Financial advice
   • Managed investments
   • P2P lending
   • Supervisors

   11 July 2019

   Cyber-resilience in FMA-regulated financial services

   Cyber-resilience in FMA-regulated financial services report summarises the findings of our thematic review of cyber-resilience in New Zealand financial services and provides guidance for firms in areas where we have identified the need for improvement. It will be useful for our regulated sectors, to help ensure they comply with our expectations and best practice.

   https://www.fma.govt.nz/compliance/guidance-library/cyber-resilience-in-fma-regulated-financial-services/

2. • AML/CFT

   5 July 2019

   Statement on the Kiwi Access Card

   The status of the new Kiwi Access card is considered to be the same as the older 18+ card for the purposes of the IVCOP. This approach is in-line with the Evidence of Identity standard factsheet on the Kiwi Access Card/18+ Card, which treats them as the same form of identification.

   https://www.fma.govt.nz/compliance/guidance-library/statement-on-the-kiwi-access-card/

3. • Conduct

   24 May 2019

   Guide to being an effective director

   Being a director is more than just a title. Directors are the representative of the company and shareholder, and answer to them. Even if you are also the main shareholder, as a director you’ll have legal responsibilities to actively monitor the management of your company and may face serious penalties if things go wrong. Read our guide here.

   https://www.fma.govt.nz/compliance/guidance-library/guide-to-being-an-effective-director/

4. • Corporate governance
   • Financial reporting

   10 May 2019

   FMA’s reviews of financial reporting

   FMA has published a statement outlining our approach to financial reporting reviews, and highlighting selected areas of interest for our 2019/20 reviews. It will be useful for anyone involved in preparing or approving financial reporting for FMC reporting entities. Read more.

   FMA financial reporting May 2019 statement

   https://www.fma.govt.nz/compliance/guidance-library/fmas-reviews-of-financial-reporting/

5. • AML/CFT

   1 April 2019

   AML/CFT 2018 Annual Monitoring Report

   This report summarises our monitoring activities from 1 July 2016 to 30 June 2018, to help reporting entities better understand our expectations, and what they can do to improve their systems and processes to comply with the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 and its supporting regulations.

   AML/CFT 2018 Annual Monitoring Report

   https://www.fma.govt.nz/compliance/guidance-library/amlcft-2018-report/

6. • Managed investments
   • Supervisors

   12 December 2018

   MIS manager valuation and pricing practices

   This information sheet sets out our recommendations following a review of the pricing and valuation practices of Managed Investment Scheme (MIS) managers. It will be of particular interest to MIS managers and their supervisors.

   181211 MIS manager valuation and pricing practices

   https://www.fma.govt.nz/compliance/guidance-library/mis-manager-valuation-and-pricing-practices/

7. • Corporate governance
   • Financial reporting

   26 November 2018

   Audit quality - a director’s guide

   Audit quality – a director’s guide offers guidance for directors and shareholders of New Zealand FMC reporting entities about how to improve audit quality.

   https://www.fma.govt.nz/compliance/guidance-library/audit-quality-a-directors-guide/

8. • FMC Act
   • Issuers and offers

   1 November 2018

   Determining whether you are acquiring a business or assets

   This guidance sets out our view of what constitutes a ‘business’ for these purposes, as opposed to an asset. It also sets out additional information issuers should consider disclosing for asset acquisitions.

   181101 Determining whether you are acquiring a business or assets

   https://www.fma.govt.nz/compliance/guidance-library/determining-whether-you-are-acquiring-a-business-or-assets/

9. • AML/CFT
   • Financial advice
   • Supervisors

   1 October 2018

   Class exemptions for managing intermediaries

   Class exemptions for managing intermediaries information sheet explains the conditions for reporting entities whose customers include managing intermediaries and customers of managing intermediaries to be able to rely on the Anti-Money Laundering and Countering Financing of Terrorism (Class Exemptions) Notice 2018.

   181001 Information sheet: class exemptions for managing intermediaries

   https://www.fma.govt.nz/compliance/guidance-library/class-exemptions-for-managing-intermediaries/

10. • Corporate governance
    • Financial reporting

    13 September 2018

    The essentials of being a director

    This guide is intended to provide company directors and prospective directors with a quick reference and overview of some of the key things they should think about.

    The essentials of being a director

    https://www.fma.govt.nz/compliance/guidance-library/the-essentials-of-being-a-director/

11. • AML/CFT

    30 August 2018

    AML/CFT staff training video

    We have produced this short video on AML to help our reporting entities understand how they can meet their obligation of training new and existing staff.

    https://www.fma.govt.nz/compliance/guidance-library/amlcft-staff-training-video/

12. • FMC Act
    • Issuers and offers
    • Managed investments

    16 July 2018

    Guidance on the exemption from the market index requirement

    This guidance note aims to clarify what we expect of MIS managers in relation to the market index requirement for quarterly fund updates, and the Financial Markets Conduct (Market Index) Exemption Notice 2018.

    180716 Guidance on the exemption from the market index requirement

    https://www.fma.govt.nz/compliance/guidance-library/guidance-on-the-exemption-from-the-market-index-requirement/

13. • Corporate governance
    • Financial reporting
    • Issuers and offers

    3 July 2018

    Disclosure of significant accounting estimates

    This information sheet explains our expectations on disclosure of significant accounting estimates. It is part of our work on improving the overall quality of information being disclosed in financial statements.

    180703 Disclosure of significant accounting estimates

    https://www.fma.govt.nz/compliance/guidance-library/disclosure-of-significant-accounting-estimates/

14. • Corporate governance
    • Financial reporting
    • Issuers and offers

    27 June 2018

    Improving financial statements

    This monitoring report summarises the findings from our thematic review to determine the extent of improvements in the presentation of financial statements in a clear, concise and effective way, and sets out some suggestions for additional improvement.

    180627 Improving financial statements

    https://www.fma.govt.nz/compliance/guidance-library/improving-financial-statements/

15. • P2P lending

    11 June 2018

    Guide for peer-to-peer lending services on publishing default rate information

    This guide contains information to help peer-to-peer licensees understand and meet the minimum licensing standard to publish default rate information. It sets out what ‘default’ means, when licensees must comply with the standard and guidelines on how to publish fair, clear and transparent information.

    Publishing default information for peer to peer lending services

    https://www.fma.govt.nz/compliance/guidance-library/guide-for-peer-to-peer-lending-services-on-publishing-default-rate-information/

16. • Corporate governance
    • Crowdfunding
    • DIMS
    • Financial reporting
    • Managed investments
    • P2P lending
    • Supervisors

    30 May 2018

    Compliance Assurance Programmes

    The information sheet is for entities holding or applying for a licence under the Financial Markets Conduct Act 2013, and anyone involved in the creation, implementation and ongoing operation of a compliance assurance programme.

    Compliance assurance programmes information sheet

    https://www.fma.govt.nz/compliance/guidance-library/compliance-assurance-programmes/

17. • Financial reporting
    • Issuers and offers

    15 May 2018

    Improving financial information in an equity PDS

    This guidance is to assist issuers and their professional advisers in understanding the FMA’s expectations on certain aspects of the financial information section.

    Improving financial information in an equity PDS

    https://www.fma.govt.nz/compliance/guidance-library/improving-financial-information-in-an-equity-pds/

18. • AML/CFT

    14 May 2018

    AML/CFT risk assessment guideline

    This guideline was updated in 2018 and is designed to help reporting entities conduct a risk assessment, as required under section 58 of the Anti-Money Laundering and Countering Financing of Terrorism Act.

    AML/CFT risk assessment guideline

    https://www.fma.govt.nz/compliance/guidance-library/amlcft-risk-assessment-guideline/

19. • AML/CFT

    14 May 2018

    AML/CFT programme guideline

    This guideline was updated in 2018 and is designed to help reporting entities develop their AML/CFT programme.

    AML/CFT programme guideline

    https://www.fma.govt.nz/compliance/guidance-library/amlcft-programme-guideline/

20. • Issuers and offers
    • Managed investments

    18 April 2018

    General stocktake of fund updates

    General stocktake of fund updates let investors know important information about their managed fund, such as how it is performing, what it is costing them, and what their fund is investing in. By law, they must follow a standard format designed to make it easy to compare funds and be understood by non-expert investors.

    https://www.fma.govt.nz/compliance/guidance-library/general-stocktake-of-fund-updates/