Guidance Library | Financial Markets Authority

COVID-19: KiwiSaver significant financial hardship applications

COVID-19: KiwiSaver significant financial hardship applications – alternative steps to verify identity and financial circumstances

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.

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.

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

The AML/CFT 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.

Guidance note: Supervisor licensing

Guidance note: Supervisor licensing is for persons applying for a supervisor’s licence, to replace an expiring licence or to vary an existing licence.

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

The Essentials of Being a Director guide. 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.

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.’

Cyber-resilience in FMA-regulated financial services guidance

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.

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.

Code of Professional Conduct for Financial Advice Services

The Code of Professional Conduct for Financial Advice Services is prepared in accordance with Part 4 of Schedule 5 of the Financial Markets Conduct Act 2013 (the FMC Act). The Code supports the purposes of the FMC Act including promoting the confident and informed participation of businesses, investors, and consumers in the financial markets, avoiding unnecessary compliance costs, and ensuring the availability and quality of financial advice.

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 Monitoring Report

The AML/CFT Monitoring 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).

MIS manager valuation and pricing practices

MIS manager valuation and pricing practices 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.

Determining whether you are acquiring a business or assets guidance

Determining whether you are acquiring a business or assets 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.

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.

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