Guidance

Found 161 results. Displaying page 1 of 11

1. 14 February 2023

   Guidance and expectations for keeping proper accounting records

   Guidance and expectations to help FMC reporting entities to meet their statutory requirement to keep proper accounting records at all times.

   https://www.fma.govt.nz/library/guidance-library/guidance-and-expectations-for-keeping-proper-accounting-records/

2. 3 February 2023

   Reasonable grounds for financial advice about financial products

   Guidance on the FMA’s approach to applying and enforcing Code Standard 3 of the Code of Professional Conduct for Financial Advice Services, in relation to financial advice about financial products purchased for investment purposes.

   https://www.fma.govt.nz/library/guidance-library/advice-about-financial-products/

3. Guidance

   30 November 2022

   Fair conduct programmes

   Information and examples to help banks, insurers and NBDTs establish, implement and maintain their fair conduct programmes as part of their financial institution licence obligations.

   https://www.fma.govt.nz/library/guidance-library/fair-conduct-programmes/

4. Guidance

   9 November 2022

   Monitoring of licensed Financial Advice Providers (FAPs)

   The Monitoring of licensed Financial Advice Providers information sheet explains how we carry out monitoring activities, what we expect of you, and what you can expect from us.

   https://www.fma.govt.nz/library/guidance-library/monitoring-of-licensed-financial-advice-providers/

5. 25 October 2022

   AML/CFT enhanced customer due diligence guideline

   The AML/CFT enhanced customer due diligence guideline assists you to conduct enhanced customer due diligence (EDD) on your customers under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009 (the Act).

   https://www.fma.govt.nz/library/guidance-library/amlcft-enhanced-customer-due-diligence-guideline/

6. 5 October 2022

   Climate risks and the impact on financial statement audits

   This document provides clarity for auditors about the expectations for information about climate risks in audit files.

   https://www.fma.govt.nz/library/guidance-library/climate-risks-and-the-impact-on-financial-statement-audits/

7. 11 August 2022

   Introductory guide to full licence requirements

   This guide is for businesses or individuals applying for a Financial Advice Provider (FAP) full licence. It explains how to complete your online application, including the information you will need at the time you apply when full licensing opens from 15 March 2021.

   https://www.fma.govt.nz/library/guidance-library/introductory-guide-to-full-licence-requirements/

8. 8 July 2022

   Approach to oversight of financial statements

   In this document we provide a summary of our main work in monitoring compliance with financial reporting obligations by FMC reporting entities and registered schemes (regulated entities) from 2022-2025.

   https://www.fma.govt.nz/library/guidance-library/approach-to-oversight-of-financial-statements/

9. 23 June 2022

   Cyber security and operational systems resilience

   This information sheet assists market services licensees (excluding benchmark administrators) licensed under Part 6 of the Financial Markets Conduct Act 2013 (FMC Act) to enhance the resilience of their cyber and operational systems. While this information sheet is designed to apply to a broad range of sectors, entities with complex cyber security and operational systems should consider the specific technology requirements and obligations that apply to their sector.

   https://www.fma.govt.nz/library/guidance-library/cyber-security-infosheet/

10. 26 May 2022

    Record keeping for financial advice providers

    This information sheet sets out our expectations for how licensed financial advice providers (FAPs) can demonstrate compliance with the standard condition for record keeping.

    https://www.fma.govt.nz/library/guidance-library/record-keeping-for-financial-advice-providers/

11. 26 May 2022

    Financial Markets Conduct (KiwiSaver Confirmation Information) Methodology Notice 2022

    The methodology notice will help KiwiSaver providers attribute fees charged at the fund level (including underlying fund charges) to each investor.

    https://www.fma.govt.nz/library/guidance-library/financial-markets-conduct-kiwisaver-confirmation-information-methodology-notice-2022/

12. 18 March 2022

    Impact of Russia Sanctions on AML/CFT reporting entities

    An update from the three AML/CFT Act supervisors to reporting entities on what is required of them under the Russia Sanctions Act 2022.

    https://www.fma.govt.nz/library/guidance-library/impact-of-russia-sanctions-on-amlcft-reporting-entities/

13. 10 December 2021

    Outsourcing CDD to a third-party provider

    Section 34 of the AML/CFT Act allows a reporting entity to authorise and rely on an agent to conduct CDD procedures on its behalf. An agent is a person that has legal authority to represent another party. If you outsource the above CDD procedures under section 34 to a third-party provider, the provider must be acting as your agent. In these circumstances, you remain responsible for ensuring that the CDD conducted by the third-party provider is undertaken to the level required by the AML/CFT Act. Read the full guidance on this page.

    https://www.fma.govt.nz/library/guidance-library/outsourcing-cdd-to-a-third-party-provider/

14. 17 November 2021

    Climate-related disclosures regime implementation approach

    This document explains the Climate-related Disclosures (CRD) legislation and outlines the Financial Markets Authority’s implementation approach for the CRD regime.

    https://www.fma.govt.nz/library/guidance-library/climate-related-disclosures-regime-implementation-approach/

15. Crowdfunding

    Business

    29 October 2021

    High-Risk Jurisdictions subject to a "Call for Action" – FATF

    This guidance is to assist reporting entities comply with the public statement issued by FATF on High-Risk Jurisdictions subject to a “Call for Action” and the subsequent Advisory issued by the Ministry of Justice and the New Zealand Police in this regard.

    https://www.fma.govt.nz/library/guidance-library/high-risk-jurisdictions-fatf/