When the Financial Markets Conduct Act 2013 comes into effect on 1 April 2014 we will have regulatory powers to vary the financial reporting obligations of FMC reporting entities by:
Varying public accountability designations, and
Granting exemptions.
We are now seeking feedback on how we intend to apply our new powers, and the immediate changes we propose to make to both designations and exemptions under these powers.
See full Press Release: https://www.fma.govt.nz/laws-we-enforce/policy/current-consultations/consultation-financial-reporting-regulatory-policy-for-financial-reporting-designations-and-exemptions/
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