Tag: regulatory_review
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FMA Seeks Feedback on New Zealand's Custody of Client Assets Laws
The FMA is reviewing New Zealand's custody of client assets laws, seeking feedback on clarity and fitness for purpose. The discussion paper highlights concerns about the complex, fragmented regime, limited oversight, and emerging risks to investor protection.
BusinessPolitics and GovernmentEconomyBankingFinancial MarketsLegalGeneral Politics Financial Markets AuthorityCustody of AssetsFinancial RegulationInvestor ProtectionDigital AssetsRegulatory ReviewNZ Financial Markets Authority
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FMA Report Reveals Progress and Gaps in Climate Disclosures
New Zealand's Financial Markets Authority released its 2026 Climate-related Disclosures report, noting improved reporting but emphasizing the need for better identification and assessment of climate-related physical risks. FMA plans webinars and workshops to support entities.
BusinessPolitics and GovernmentEconomyEnvironmentEducationGeneral Politics FMAClimate-related Disclosuresphysical risksclimate changefinancial reportingregulatory reviewNZ Financial Markets Authority
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MPI Initiates DIRA Review Targeting Fonterra's Competition Rules
New Zealand's Ministry for Primary Industries has launched a review of the Dairy Industry Restructuring Act (DIRA). The review will assess if competition provisions regulating Fonterra are still necessary and beneficial, with a report due to Parliament by June 2027.
Politics and GovernmentBusinessAgricultureGeneral PoliticsEconomyLegal DIRAFonterraMinistry for Primary IndustriesTodd McClayDairy IndustryRegulatory ReviewNew Zealand Government