Guidance library

Found 161 results. Displaying page 1 of 9

1. 27 March 2020

   Registering correctly on the FSPR

   From the start of the new financial advice regime in early 2021, the Government is removing the current adviser classifications: Authorised Financial Adviser, Registered Financial Adviser and QFE Adviser. If you want to continue providing financial advice to retail clients, you may need to update your registration details on the Financial Service Providers Register (FSPR). How you register will vary based on how you plan to operate in the new regime.

   https://www.fma.govt.nz/compliance/guidance-library/registering-correctly-on-the-fspr/

2. 18 March 2020

   AFA Information Return – Questions

   This information sheet provides answers to your frequently asked questions about AFA Information Returns. It also provides a useful list of resources you may find useful as you go through the process.

   https://www.fma.govt.nz/compliance/guidance-library/afa-information-return-questions-2/

3. 18 March 2020

   Reporting and Notifications Standard Conditions for Qualifying Financial Entities (QFEs)

   Reporting and Notifications Standard Conditions for Qualifying Financial Entities (QFEs) These reporting and notifications obligations relate to Sections 1 and 2 of the standard conditions.

   https://www.fma.govt.nz/compliance/guidance-library/reporting-and-notifications-standard-conditions-for-qualifying-financial-entities-qfes/

4. • AML/CFT

   6 March 2020

   AML/CFT designated business group formation and change guideline

   This guideline is designed to help reporting entities forming a designated business group (DBG) understand the process for doing so.

   https://www.fma.govt.nz/compliance/guidance-library/amlcft-designated-business-group-formation-guideline/

5. • Financial advice
   • FMC Act

   4 March 2020

   Financial advice given for the purpose of complying with lender responsibilities

   This information sheet explains the circumstances that may exclude a lender from some Financial Markets Conduct Act 2013 (FMC Act) obligations related to financial advice. The exclusion applies only in relation to consumer credit contracts and certain credit-related insurance contracts.

   https://www.fma.govt.nz/compliance/guidance-library/financial-advice-given-for-the-purpose-of-complying-with-lender-responsibilities/

6. 4 February 2020

   Financial Advice Provider Transitional Licence

   This guide is for businesses or individuals applying for a Financial Advice Provider Transitional Licence. It explains how to complete your online application – including the information you will need at the time you apply.

   https://www.fma.govt.nz/compliance/guidance-library/financial-advice-provider-transitional-licence/

7. • FMC Act
   • Issuers and offers

   13 December 2019

   Green bonds – same class exclusion

   This information sheet explains the circumstances in which an issuer can make an offer of green bonds under the same class exclusion. It also explains when the Financial Markets Authority (FMA) might consider granting an individual exemption to facilitate offers of green bonds with the same credit characteristics as quoted ‘vanilla’ bonds from the same issuer.

   https://www.fma.govt.nz/compliance/guidance-library/green-bonds-same-class-exclusion/

8. 2 December 2019

   Exemptions: Financial Advisers Act 2008

   The Guidance note explains the approach of the Financial Markets Authority (the FMA) to granting exemptions under the Financial Advisers Act 2008. It is intended to provide answers to commonly asked questions in relation to exemptions and to provide information to potential applicants on the process for making an application. The guidance note is for: Financial Advisers QFEs Legal Counsel Auditors Senior Executives Supervisors Trustees Risk Officers Compliance Officers Company Directors

   https://www.fma.govt.nz/compliance/guidance-library/exemptions-financial-advisers-act-2008/

9. • AML/CFT
   • Supervisors

   22 November 2019

   AML/CFT Supervisory framework

   This guidance note describes the functions and powers of the three AML/CFT supervisors. These functions and powers of the supervisors are exercised in accordance with a core set of guiding principles to help achieve consistency and integrity in our supervisory approach. Read more.

   https://www.fma.govt.nz/compliance/guidance-library/amlcft-supervisory-framework/

10. • AML/CFT

    22 November 2019

    AML/CFT - territorial scope of the AML/CFT Act 2009

    The AML/CFT - territorial scope of the AML/CFT Act 2009 guideline is designed to help financial institutions understand the territorial scope of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009.

    https://www.fma.govt.nz/compliance/guidance-library/amlcft-territorial-scope-of-the-amlcft-act-2009/

11. • Audit
    • Corporate governance
    • Financial reporting

    18 November 2019

    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/

12. 29 October 2019

    AFA Information Return – Questions

    In this document, we answer frequently asked questions and provide a list of guidance that can help you complete your return.

    https://www.fma.govt.nz/compliance/guidance-library/afa-information-return-questions/

13. • Audit
    • AML/CFT

    4 October 2019

    AML/CFT Audit Guideline for risk assessment and AML/CFT programme

    Audit Guideline for risk assessment and AML/CFT programme is designed to help reporting entities manage the requirement to audit their AML/CFT risk assessment and AML/CFT programme.

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

14. 1 October 2019

    Who will need a licence to provide financial advice?

    Who will need a licence to provide financial advice? The changes to how we regulate financial advice in New Zealand mean only those operating under licensed financial advice providers can give advice to retail clients. This advice can be provided in various ways, including directly through online facilities such as digital advice, or through financial advisers or nominated representatives. If you’re currently an authorised or registered financial adviser, you can choose whether you would like your business to become a licensed financial advice provider or if you would rather work on behalf of someone else who holds a licence.

    https://www.fma.govt.nz/compliance/guidance-library/who-will-need-a-licence-to-provide-financial-advice/

15. • Corporate governance
    • Financial reporting

    11 September 2019

    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.

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

16. • Corporate governance
    • Financial reporting

    11 September 2019

    Ngā mea waiwai o te tūranga whakataka (The essentials of being a director)

    Ko te kaupapa o tēnei aratohu he tuku kōrero poto, tirohanga hoki mā ngā whakataka kamupene me te hunga e marohitia ana hei whakataka mō ngā mea hira hei whakaaroaro mā rātau.

    https://www.fma.govt.nz/compliance/guidance-library/directors-guide-in-maori/

17. • AML/CFT
    • Supervisors

    9 August 2019

    Guidance on Expired Passports as Identification for CDD

    Guidance on Expired Passports as Identification for CDD issues guidance to AML/CFT supervisors using an expired passport to verify a person’s name and date of birth. This may only be part of an exception handling procedure, and not in the ‘normal course of business.’

    https://www.fma.govt.nz/compliance/guidance-library/expired-passports/

18. • AML/CFT

    26 July 2019

    AML/CFT customer due diligence: clubs and societies

    The type of entity the club or society is will determine the customer due diligence (CDD) that is undertaken. Read more.

    https://www.fma.govt.nz/compliance/guidance-library/amlcft-customer-due-diligence-clubs-and-societies/

19. • AML/CFT

    26 July 2019

    AML/CFT customer due diligence: co-operatives

    A co-operative is a form of business organisation that is owned and controlled by its shareholders or members, and run for their mutual benefit. This fact sheet may also be useful when considering customers who are mutual organisations or friendly societies.

    https://www.fma.govt.nz/compliance/guidance-library/amlcft-customer-due-diligence-co-operatives/

20. • AML/CFT

    26 July 2019

    AML/CFT customer due diligence: sole traders and partnerships

    Businesses can take many forms and may vary in size and complexity. The AML/CFT customer due diligence: sole traders and partnerships fact sheet focuses on the three business types - Sole trader, partnership and limited partnership. The fact sheet should be read in conjunction with the beneficial ownership guideline.

    https://www.fma.govt.nz/compliance/guidance-library/amlcft-customer-due-diligence-sole-traders-and-partnerships/