COVID-19

Found 8 results. Displaying page 1 of 1

1. 27 March 2020

   Council of Financial Regulators confirms list of essential financial services

   Update 25 March 2020: Following the government announcement that the COVID-19 Level 4 alert will be introduced from 11.59pm on 25 March, only essential services will be permitted to remain open at a central place of business.

   https://www.fma.govt.nz/news-and-resources/covid-19/council-of-financial-regulators-confirms-list-of-essential-financial-services/

2. 26 March 2020

   Managing impacts on financial reporting for FMC reporting entities and Managed Investment Schemes

   COVID-19 is having a significant impact on many FMC reporting entities, including Managed Investment Schemes, and their auditors.

   https://www.fma.govt.nz/news-and-resources/covid-19/managing-impacts-on-financial-reporting-fmc-mis/

3. 26 March 2020

   Implementation of New Zealand’s new financial advice regime has been delayed until early 2021

   The Government has delayed the start date for the new financial advice regime from June 29, 2020 to early next year, 2021. This means that the transitional licensing application window will also be extended until then.

   https://www.fma.govt.nz/news-and-resources/covid-19/implementation-of-new-zealands-new-financial-advice-regime-has-been-delayed-until-early-2021/

4. 26 March 2020

   Guidance: Complying with AML/CFT verification requirements during COVID-19 Alert Levels

   This guidance is for reporting entities under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act) during COVID-19 Alert Levels.

   https://www.fma.govt.nz/news-and-resources/covid-19/guidance-complying-with-amlcft-verification-requirements-during-covid-19-alert-levels/

5. 24 March 2020

   FMA COVID-19 Update 24 March 2020

   Update 24 March 2020: Financial advice is not covered by the definition from the Government of workplaces/offices that need to remain open but it clearly remains an important service.

   https://www.fma.govt.nz/news-and-resources/covid-19/fma-covid-19-update-24-march-2020/

6. 23 March 2020

   FMA COVID-19 Update 23 March 2020

   Update 23 March 2020: The Government has confirmed that financial services are essential services that need to continue to operate when New Zealand moves to Level 4 in its COVID-19 response.

   https://www.fma.govt.nz/news-and-resources/covid-19/fma-covid-19-update-23-march-2020/

7. 20 March 2020

   FMA COVID-19 Update 20 March 2020

   We are closely monitoring the coronavirus situation and thinking carefully about all necessary actions to ensure customers and investors are protected and markets continue to function well.

   https://www.fma.govt.nz/news-and-resources/covid-19/fma-covid-19-update-20-march-2020/

8. 20 March 2020

   COVID-19 – managing impacts on FMC reporting entity annual reporting and audits

   The rapidly evolving COVID-19 situation is having a significant impact on FMC reporting entities’ financial reporting obligations and the ability to perform audits. Auditors should continue to comply fully with required professional and ethical standards. It is important that sufficient time is taken by both the entity and the auditor to complete the annual financial reporting and auditing process, even if this results in a delay in reporting. The FMA specifies guidance to auditors for their reporting obligations in these uncertain times.

   https://www.fma.govt.nz/news-and-resources/covid-19/covid-19-managing-impacts-on-fmc-reporting-entity-annual-reporting-and-audits/