The non-filing of financial statements by some financial markets participants is a persistent problem and has prompted FMA to undertake a review of issuers’ compliance with their financial reporting obligations.
The purpose of this report is to:
- remind directors of their statutory financial reporting obligations under the Financial Reporting Act 1993 (FRA)
- remind brokers and directors of the statutory filing obligations under the Securities Act (Contributory Mortgage) Regulations 1988
- inform market participants of the findings of our review and highlight areas of concern
- inform market participants of FMA’s future focus in this area.