It looks like this is a web page, not a feed. I looked for a feed associated with this page, but couldn't find one. Please enter the address of your feed to validate.

Source: http://www.fma.govt.nz/feeds/keep-updated

  1. <!doctype html>
  2. <html class="no-js" lang="en-NZ">
  3. <head>
  4. <base href="https://www.fma.govt.nz/"><!--[if lte IE 6]></base><![endif]-->
  5. <title>News &amp; Insights | Financial Markets Authority</title>
  6. <meta name="generator" content="Silverstripe CMS">
  7. <meta http-equiv="Content-Type" content="text/html; charset=utf-8">
  8. <meta name="description" content="This section of the FMA website includes all news issued by the FMA including media releases; reports and papers; speeches; research papers; articles and opinion pieces. "><meta name="Description" content="This section of the FMA website includes all news issued by the FMA including media releases; reports and papers; speeches; research papers; articles and opinion pieces. "><meta name="Keywords" content="FMA; Financial Markets Authority; News; media releases; reports; papers; speeches; research papers; articles, opinion pieces">
  9. <meta property="og:site_name" content="Your Site Name" />
  10. <meta property="og:locale" content="en_NZ" />
  11. <meta property="og:title" content="News &amp; Insights" />
  12. <meta name="twitter:title" content="News &amp; Insights" />
  13. <meta property="og:description" content="This section of the FMA website includes all news issued by the FMA including media releases; reports and papers; speeches; research papers; articles and opinion pieces. " />
  14. <meta name="twitter:description" content="This section of the FMA website includes all news issued by the FMA including media releases; reports and papers; speeches; research papers; articles and opinion pieces. " />
  15. <meta property="og:type" content="website" />
  16. <meta property="og:url" content="https://www.fma.govt.nz/news/" />
  17. <meta name="viewport" id="viewport" content="width=device-width,minimum-scale=1.0,maximum-scale=10.0,initial-scale=1.0" />
  18. <link rel="shortcut icon" href="https://www.fma.govt.nz/assets/Uploads/favicon.ico" />
  19.  
  20. <script type="d9ba9a1e9e5d84c6fbc95d3b-text/javascript">
  21.    (function(h,o,t,j,a,r){
  22.        h.hj=h.hj||function(){(h.hj.q=h.hj.q||[]).push(arguments)};
  23.        h._hjSettings={hjid:1071215,hjsv:6};
  24.        a=o.getElementsByTagName('head')[0];
  25.        r=o.createElement('script');r.async=1;
  26.        r.src=t+h._hjSettings.hjid+j+h._hjSettings.hjsv;
  27.        a.appendChild(r);
  28.    })(window,document,'https://static.hotjar.com/c/hotjar-','.js?sv=');
  29. </script>
  30. <link rel="stylesheet" type="text/css" href="/_resources/themes/fma3/dist/css/main.css?m=1713447383">
  31. </head>
  32. <body class="Datacom\FmaSite\PageTypes\LandingPage">
  33. <a name="page-top"></a>
  34. <header role="banner">
  35. <div class="main-navigation">
  36. <div class="container">
  37. <div class="row">
  38. <div class="col-xl-9">
  39. <div class="main-navigation__container">
  40. <a class="main-navigation__logo-link" href="/"><img class="main-navigation__logo" src="/_resources/themes/fma3/images/FMA_Horizontal_RGB_SVG.svg?m=1713447383" alt="Financial Markets Authority logo" /></a>
  41. <div class="main-navigation__menu-items">
  42. <div class="main-navigation__menu-items-left">
  43. <li role="menuitem" class="main-navigation__menu-item main-navigation__menu-item--first main-navigation__menu-item--1">
  44. <a href="/consumer/" class="main-navigation__menu-item-link main-navigation__menu-item-link--first ">
  45. <span class="main-navigation__menu-item-title ">Consumer</span>
  46. <span class="main-navigation__menu-item-title-tereo "></span>
  47. </a>
  48. </li>
  49. <li role="menuitem" class="main-navigation__menu-item main-navigation__menu-item-- main-navigation__menu-item--2">
  50. <a href="/business/" class="main-navigation__menu-item-link main-navigation__menu-item-link-- ">
  51. <span class="main-navigation__menu-item-title ">Finance professionals</span>
  52. <span class="main-navigation__menu-item-title-tereo "></span>
  53. </a>
  54. </li>
  55. </div>
  56. <div class="main-navigation__menu-items-right">
  57. <li role="menuitem" class="main-navigation__menu-item main-navigation__menu-item-- main-navigation__menu-item--3">
  58. <a href="/about-us/" class="main-navigation__menu-item-link main-navigation__menu-item-link-- ">
  59. <span class="main-navigation__menu-item-title ">About</span>
  60. <span class="main-navigation__menu-item-title-tereo "></span>
  61. </a>
  62. </li>
  63. <li role="menuitem" class="main-navigation__menu-item main-navigation__menu-item-- main-navigation__menu-item--4">
  64. <a href="https://careers.fma.govt.nz/home" class="main-navigation__menu-item-link main-navigation__menu-item-link-- " target="_blank">
  65. <span class="main-navigation__menu-item-title ">Careers</span>
  66. <span class="main-navigation__menu-item-title-tereo "></span>
  67. </a>
  68. </li>
  69. <li role="menuitem" class="main-navigation__menu-item main-navigation__menu-item-- main-navigation__menu-item--5 main-navigation__menu-item--active">
  70. <a href="/news/" aria-current="page" class="main-navigation__menu-item-link main-navigation__menu-item-link--  main-navigation__menu-item-link--active">
  71. <span class="main-navigation__menu-item-title  main-navigation__menu-item-title--active">News &amp; Insights</span>
  72. <span class="main-navigation__menu-item-title-tereo  main-navigation__menu-item-title-tereo--active"></span>
  73. </a>
  74. </li>
  75. <li role="menuitem" class="main-navigation__menu-item main-navigation__menu-item-- main-navigation__menu-item--6">
  76. <a href="/scams/" class="main-navigation__menu-item-link main-navigation__menu-item-link-- ">
  77. <span class="main-navigation__menu-item-title ">Scams</span>
  78. <span class="main-navigation__menu-item-title-tereo "></span>
  79. </a>
  80. </li>
  81. <li role="menuitem" class="main-navigation__menu-item main-navigation__menu-item--last main-navigation__menu-item--7">
  82. <a href="/contact/" class="main-navigation__menu-item-link main-navigation__menu-item-link--last ">
  83. <span class="main-navigation__menu-item-title ">Contact</span>
  84. <span class="main-navigation__menu-item-title-tereo "></span>
  85. </a>
  86. </li>
  87. <button class="main-navigation__search-button" aria-label="toggle search" type="button"><span class="main-navigation__search-contents"><i class="bi bi-search"></i>Search</span></button>
  88. <a href="/news/#" class="main-navigation__mobile-menu-trigger d-lg-none d-xl-none d-md-inline-block d-sm-inline-block" title="toggle search" aria-label="toggle search"><i class="bi bi-list"></i></a>
  89. </div>
  90. </div>
  91. </div>
  92. </div>
  93. </div>
  94. </div>
  95. <ul class="menu mobile-menu d-lg-none d-xl-none">
  96. <li class="mobile-menu__inactive-top-area mobile-menu__inactive-top-area--has-children">
  97. <ul>
  98. <li class="mobile-menu__inactive-top-area-menu-item mobile-menu__inactive-top-area-menu-item--first">
  99. <a class="mobile-menu__inactive-top-area-menu-item-link-wrap " href="/consumer/">
  100. <span class="mobile-menu__inactive-top-area-menu-item-menu-title">Consumer</span>
  101. <span class="mobile-menu__inactive-top-area-menu-item-title-tereo "></span>
  102. </a>
  103. </li>
  104. <li class="mobile-menu__inactive-top-area-menu-item">
  105. <a class="mobile-menu__inactive-top-area-menu-item-link-wrap " href="/business/">
  106. <span class="mobile-menu__inactive-top-area-menu-item-menu-title">Finance professionals</span>
  107. <span class="mobile-menu__inactive-top-area-menu-item-title-tereo "></span>
  108. </a>
  109. </li>
  110. </ul>
  111. <button class="mobile-menu__inactive-top-area-close-btn" title="close mobile menu" aria-label="close mobile menu"><i class="bi bi-x"></i></button>
  112. </li>
  113. <li class="mobile-menu__menu-item mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-1-link mobile-menu__menu-item--page-consumer">
  114. <button class="mobile-menu__menu-item-back-button"><i class="bi bi-chevron-left"></i> Back</button>
  115. <a class="mobile-menu__menu-item-link-wrap" href="/consumer/">
  116. <span class="mobile-menu__menu-item-link-wrap-title-text">Consumer</span>
  117. <span class="mobile-menu__menu-item-link-wrap-title-tereo"></span>
  118. </a>
  119. <button class="mobile-menu__menu-item-submenu-btn mobile-menu__menu-item-submenu-btn--level-1-btn" title="open submenu Consumer" aria-label="open submenu Consumer"><i class="bi bi-chevron-right"></i></button>
  120. <ul class="mobile-menu__menu-item-child-menu">
  121. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link has-children">
  122. <a class href="/consumer/investing/">Investing</a>
  123. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Investing" aria-label="open submenu Investing"><i class="bi bi-chevron-right"></i>
  124. </button>
  125. <ul class="mobile-menu__menu-item-child-menu">
  126. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link has-children">
  127. <a class href="/consumer/investing/investing-basics/">Investing basics</a>
  128. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Investing basics" aria-label="open submenu Investing basics"><i class="bi bi-chevron-right"></i></button>
  129. <ul class="mobile-menu__menu-item-child-menu">
  130. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  131. <a class href="/consumer/investing/investing-basics/misleading-advertising-of-investment-products/">Misleading advertising of investment products</a>
  132. <ul class="mobile-menu__menu-item-child-menu">
  133. </ul>
  134. </li>
  135. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  136. <a class href="/consumer/investing/investing-basics/mary-holm-introductory-guide-to-investing/">Mary Holm’s introductory guide to investing</a>
  137. <ul class="mobile-menu__menu-item-child-menu">
  138. </ul>
  139. </li>
  140. </ul>
  141. </li>
  142. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  143. <a class href="/consumer/investing/deciding-how-to-invest/">Deciding how to invest</a>
  144. <ul class="mobile-menu__menu-item-child-menu">
  145. </ul>
  146. </li>
  147. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  148. <a class href="/consumer/investing/ethical-investing/">Ethical investing</a>
  149. <ul class="mobile-menu__menu-item-child-menu">
  150. </ul>
  151. </li>
  152. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  153. <a class href="/consumer/investing/managing-your-investment/">Managing your investment </a>
  154. <ul class="mobile-menu__menu-item-child-menu">
  155. </ul>
  156. </li>
  157. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link has-children">
  158. <a class href="/consumer/investing/online-investing-platforms/">Online investing platforms</a>
  159. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Online investing platforms" aria-label="open submenu Online investing platforms"><i class="bi bi-chevron-right"></i></button>
  160. <ul class="mobile-menu__menu-item-child-menu">
  161. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  162. <a class href="/consumer/investing/online-investing-platforms/choosing-an-online-investing-platform/">Choosing an online investing platform</a>
  163. <ul class="mobile-menu__menu-item-child-menu">
  164. </ul>
  165. </li>
  166. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  167. <a class href="/consumer/investing/online-investing-platforms/using-an-investing-platform/">Using an investing platform</a>
  168. <ul class="mobile-menu__menu-item-child-menu">
  169. </ul>
  170. </li>
  171. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  172. <a class href="/consumer/investing/online-investing-platforms/understanding-the-risks/">Understanding the risks </a>
  173. <ul class="mobile-menu__menu-item-child-menu">
  174. </ul>
  175. </li>
  176. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  177. <a class href="/consumer/investing/online-investing-platforms/the-5-ds-of-diy-investing/">The 5 D’s of DIY investing</a>
  178. <ul class="mobile-menu__menu-item-child-menu">
  179. </ul>
  180. </li>
  181. </ul>
  182. </li>
  183. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link has-children">
  184. <a class href="/consumer/investing/types-of-investments/">Types of investments</a>
  185. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Types of investments" aria-label="open submenu Types of investments"><i class="bi bi-chevron-right"></i></button>
  186. <ul class="mobile-menu__menu-item-child-menu">
  187. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  188. <a class href="/consumer/investing/types-of-investments/bank-regulatory-capital/">Bank regulatory capital</a>
  189. <ul class="mobile-menu__menu-item-child-menu">
  190. </ul>
  191. </li>
  192. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  193. <a class href="/consumer/investing/types-of-investments/binary-options/">Binary options</a>
  194. <ul class="mobile-menu__menu-item-child-menu">
  195. </ul>
  196. </li>
  197. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  198. <a class href="/consumer/investing/types-of-investments/bonds/">Bonds</a>
  199. <ul class="mobile-menu__menu-item-child-menu">
  200. </ul>
  201. </li>
  202. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  203. <a class href="/consumer/investing/types-of-investments/cash-investments/">Cash investments</a>
  204. <ul class="mobile-menu__menu-item-child-menu">
  205. </ul>
  206. </li>
  207. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  208. <a class href="/consumer/investing/types-of-investments/crowdfunding/">Crowdfunding</a>
  209. <ul class="mobile-menu__menu-item-child-menu">
  210. </ul>
  211. </li>
  212. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  213. <a class href="/consumer/investing/types-of-investments/cryptocurrencies/">Cryptocurrencies</a>
  214. <ul class="mobile-menu__menu-item-child-menu">
  215. </ul>
  216. </li>
  217. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  218. <a class href="/consumer/investing/types-of-investments/derivatives/">Derivatives</a>
  219. <ul class="mobile-menu__menu-item-child-menu">
  220. </ul>
  221. </li>
  222. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  223. <a class href="/consumer/investing/types-of-investments/exchange-traded-funds/">Exchange-traded funds</a>
  224. <ul class="mobile-menu__menu-item-child-menu">
  225. </ul>
  226. </li>
  227. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  228. <a class href="/consumer/investing/types-of-investments/foreign-exchange-trading/">Foreign exchange trading</a>
  229. <ul class="mobile-menu__menu-item-child-menu">
  230. </ul>
  231. </li>
  232. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  233. <a class href="/consumer/investing/types-of-investments/commodities/">Gold and other commodities</a>
  234. <ul class="mobile-menu__menu-item-child-menu">
  235. </ul>
  236. </li>
  237. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  238. <a class href="/consumer/investing/types-of-investments/software-packages-and-seminars/">Investment software packages and seminars</a>
  239. <ul class="mobile-menu__menu-item-child-menu">
  240. </ul>
  241. </li>
  242. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  243. <a class href="/consumer/investing/types-of-investments/managed-funds/">Managed funds</a>
  244. <ul class="mobile-menu__menu-item-child-menu">
  245. </ul>
  246. </li>
  247. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  248. <a class href="/consumer/investing/types-of-investments/peer-to-peer/">Peer-to-peer lending</a>
  249. <ul class="mobile-menu__menu-item-child-menu">
  250. </ul>
  251. </li>
  252. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  253. <a class href="/consumer/investing/types-of-investments/property-investment/">Property investment</a>
  254. <ul class="mobile-menu__menu-item-child-menu">
  255. </ul>
  256. </li>
  257. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  258. <a class href="/consumer/investing/types-of-investments/property-syndicates/">Property syndicates</a>
  259. <ul class="mobile-menu__menu-item-child-menu">
  260. </ul>
  261. </li>
  262. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  263. <a class href="/consumer/investing/types-of-investments/shares/">Shares</a>
  264. <ul class="mobile-menu__menu-item-child-menu">
  265. </ul>
  266. </li>
  267. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  268. <a class href="/consumer/investing/types-of-investments/wholesale-investors/">Wholesale investments</a>
  269. <ul class="mobile-menu__menu-item-child-menu">
  270. </ul>
  271. </li>
  272. </ul>
  273. </li>
  274. </ul>
  275. </li>
  276. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link has-children">
  277. <a class href="/consumer/getting-advice/">Getting advice</a>
  278. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Getting advice" aria-label="open submenu Getting advice"><i class="bi bi-chevron-right"></i>
  279. </button>
  280. <ul class="mobile-menu__menu-item-child-menu">
  281. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  282. <a class href="/consumer/getting-advice/finding-an-adviser/">How do I find an adviser? </a>
  283. <ul class="mobile-menu__menu-item-child-menu">
  284. </ul>
  285. </li>
  286. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  287. <a class href="/consumer/getting-advice/working-with-a-financial-adviser/">Working with a financial adviser</a>
  288. <ul class="mobile-menu__menu-item-child-menu">
  289. </ul>
  290. </li>
  291. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  292. <a class href="/consumer/getting-advice/what-to-expect-from-your-financial-adviser/">What to expect from your financial adviser</a>
  293. <ul class="mobile-menu__menu-item-child-menu">
  294. </ul>
  295. </li>
  296. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  297. <a class href="/consumer/getting-advice/problems-with-your-adviser/">Problems with your financial adviser</a>
  298. <ul class="mobile-menu__menu-item-child-menu">
  299. </ul>
  300. </li>
  301. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  302. <a class href="/consumer/getting-advice/mortgage-advice/">Mortgage advice</a>
  303. <ul class="mobile-menu__menu-item-child-menu">
  304. </ul>
  305. </li>
  306. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  307. <a class href="/consumer/getting-advice/insurance-advice/">Insurance advice</a>
  308. <ul class="mobile-menu__menu-item-child-menu">
  309. </ul>
  310. </li>
  311. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  312. <a class href="/consumer/getting-advice/investment-advice/">Investment advice</a>
  313. <ul class="mobile-menu__menu-item-child-menu">
  314. </ul>
  315. </li>
  316. </ul>
  317. </li>
  318. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link has-children">
  319. <a class href="/consumer/everyday-finance/">Everyday finance</a>
  320. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Everyday finance" aria-label="open submenu Everyday finance"><i class="bi bi-chevron-right"></i>
  321. </button>
  322. <ul class="mobile-menu__menu-item-child-menu">
  323. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  324. <a class href="/consumer/everyday-finance/banking/">Banking</a>
  325. <ul class="mobile-menu__menu-item-child-menu">
  326. </ul>
  327. </li>
  328. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  329. <a class href="/consumer/everyday-finance/insurance/">Insurance</a>
  330. <ul class="mobile-menu__menu-item-child-menu">
  331. </ul>
  332. </li>
  333. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  334. <a class href="/consumer/everyday-finance/disputes-and-consumer-protection/">Disputes and consumer protection</a>
  335. <ul class="mobile-menu__menu-item-child-menu">
  336. </ul>
  337. </li>
  338. </ul>
  339. </li>
  340. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link has-children">
  341. <a class href="/consumer/kiwisaver-and-superannuation/">KiwiSaver &amp; Superannuation</a>
  342. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu KiwiSaver &amp; Superannuation" aria-label="open submenu KiwiSaver &amp; Superannuation"><i class="bi bi-chevron-right"></i>
  343. </button>
  344. <ul class="mobile-menu__menu-item-child-menu">
  345. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link has-children">
  346. <a class href="/consumer/kiwisaver-and-superannuation/about-kiwisaver/">KiwiSaver</a>
  347. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu KiwiSaver" aria-label="open submenu KiwiSaver"><i class="bi bi-chevron-right"></i></button>
  348. <ul class="mobile-menu__menu-item-child-menu">
  349. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  350. <a class href="/consumer/kiwisaver-and-superannuation/about-kiwisaver/kiwisaver-default-funds/">KiwiSaver default funds</a>
  351. <ul class="mobile-menu__menu-item-child-menu">
  352. </ul>
  353. </li>
  354. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  355. <a class href="/consumer/kiwisaver-and-superannuation/about-kiwisaver/kiwisaver-projections/">KiwiSaver projections</a>
  356. <ul class="mobile-menu__menu-item-child-menu">
  357. </ul>
  358. </li>
  359. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  360. <a class href="/consumer/kiwisaver-and-superannuation/about-kiwisaver/case-studies-kiwisaver-retirement-projections/">KiwiSaver retirement projections: Case Studies</a>
  361. <ul class="mobile-menu__menu-item-child-menu">
  362. </ul>
  363. </li>
  364. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  365. <a class href="/consumer/kiwisaver-and-superannuation/about-kiwisaver/kiwisaver-flow/">What’s Your KiwiSaver Flow?</a>
  366. <ul class="mobile-menu__menu-item-child-menu">
  367. </ul>
  368. </li>
  369. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  370. <a class href="/consumer/kiwisaver-and-superannuation/about-kiwisaver/check-your-kiwisaver-statement/">Check your KiwiSaver statement</a>
  371. <ul class="mobile-menu__menu-item-child-menu">
  372. </ul>
  373. </li>
  374. </ul>
  375. </li>
  376. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  377. <a class href="/consumer/kiwisaver-and-superannuation/superannuation-products/">Superannuation products</a>
  378. <ul class="mobile-menu__menu-item-child-menu">
  379. </ul>
  380. </li>
  381. </ul>
  382. </li>
  383. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  384. <a class href="/consumer/unregistered-businesses/">Unregistered businesses</a>
  385. <ul class="mobile-menu__menu-item-child-menu">
  386. </ul>
  387. </li>
  388. </ul>
  389. <a href="/document-library/" class="mobile-menu__document-library-link">Document
  390. library</a>
  391. </li>
  392. <li class="mobile-menu__menu-item mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-1-link mobile-menu__menu-item--page-business mobile-menu__menu-item--hide mobile-menu__menu-item--primary-green">
  393. <button class="mobile-menu__menu-item-back-button"><i class="bi bi-chevron-left"></i> Back</button>
  394. <a class="mobile-menu__menu-item-link-wrap" href="/business/">
  395. <span class="mobile-menu__menu-item-link-wrap-title-text">Finance professionals</span>
  396. <span class="mobile-menu__menu-item-link-wrap-title-tereo"></span>
  397. </a>
  398. <button class="mobile-menu__menu-item-submenu-btn mobile-menu__menu-item-submenu-btn--level-1-btn" title="open submenu Finance professionals" aria-label="open submenu Finance professionals"><i class="bi bi-chevron-right"></i></button>
  399. <ul class="mobile-menu__menu-item-child-menu">
  400. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link has-children">
  401. <a class href="/business/services/">Services</a>
  402. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Services" aria-label="open submenu Services"><i class="bi bi-chevron-right"></i>
  403. </button>
  404. <ul class="mobile-menu__menu-item-child-menu">
  405. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  406. <a class href="/business/services/accredited-bodies/">Accredited bodies</a>
  407. <ul class="mobile-menu__menu-item-child-menu">
  408. </ul>
  409. </li>
  410. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  411. <a class href="/business/services/administrators-of-financial-benchmarks/">Administrators of financial benchmarks</a>
  412. <ul class="mobile-menu__menu-item-child-menu">
  413. </ul>
  414. </li>
  415. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link has-children">
  416. <a class href="/business/services/auditors/">Auditors</a>
  417. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Auditors" aria-label="open submenu Auditors"><i class="bi bi-chevron-right"></i></button>
  418. <ul class="mobile-menu__menu-item-child-menu">
  419. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  420. <a class href="/business/services/auditors/auditor-oversight-committee/">Auditor Oversight Committee (AOC)</a>
  421. <ul class="mobile-menu__menu-item-child-menu">
  422. </ul>
  423. </li>
  424. </ul>
  425. </li>
  426. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  427. <a class href="/business/services/authorised-body-under-a-financial-advice-provider-licence/">Authorised body under a financial advice provider licence</a>
  428. <ul class="mobile-menu__menu-item-child-menu">
  429. </ul>
  430. </li>
  431. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  432. <a class href="/business/services/client-money-or-property-services-provider/">Client money or property services provider </a>
  433. <ul class="mobile-menu__menu-item-child-menu">
  434. </ul>
  435. </li>
  436. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  437. <a class href="/business/services/climate-reporting-entities/">Climate Reporting Entities (CREs)</a>
  438. <ul class="mobile-menu__menu-item-child-menu">
  439. </ul>
  440. </li>
  441. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  442. <a class href="/business/services/crowdfunding/">Crowdfunding service providers</a>
  443. <ul class="mobile-menu__menu-item-child-menu">
  444. </ul>
  445. </li>
  446. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  447. <a class href="/business/services/cryptocurrencies/">Crypto asset service providers</a>
  448. <ul class="mobile-menu__menu-item-child-menu">
  449. </ul>
  450. </li>
  451. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  452. <a class href="/business/services/directors/">Directors</a>
  453. <ul class="mobile-menu__menu-item-child-menu">
  454. </ul>
  455. </li>
  456. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  457. <a class href="/business/services/derivatives-issuers/">Derivatives issuers</a>
  458. <ul class="mobile-menu__menu-item-child-menu">
  459. </ul>
  460. </li>
  461. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  462. <a class href="/business/services/dims/">Discretionary Investment Management Service (DIMS)</a>
  463. <ul class="mobile-menu__menu-item-child-menu">
  464. </ul>
  465. </li>
  466. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link has-children">
  467. <a class href="/business/services/financial-advice-provider/">Financial advice provider </a>
  468. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Financial Advice Provider (FAP)" aria-label="open submenu Financial Advice Provider (FAP)"><i class="bi bi-chevron-right"></i></button>
  469. <ul class="mobile-menu__menu-item-child-menu">
  470. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  471. <a class href="/business/services/financial-advice-provider/explore-your-options/">Explore your Financial Advice Provider (FAP) options</a>
  472. <ul class="mobile-menu__menu-item-child-menu">
  473. </ul>
  474. </li>
  475. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  476. <a class href="/business/services/financial-advice-provider/fap-regulatory-returns/">FAP regulatory returns</a>
  477. <ul class="mobile-menu__menu-item-child-menu">
  478. </ul>
  479. </li>
  480. </ul>
  481. </li>
  482. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  483. <a class href="/business/services/financial-adviser/">Financial adviser</a>
  484. <ul class="mobile-menu__menu-item-child-menu">
  485. </ul>
  486. </li>
  487. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link has-children">
  488. <a class href="/business/services/financial-institutions/">Financial Institutions</a>
  489. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Financial Institutions" aria-label="open submenu Financial Institutions"><i class="bi bi-chevron-right"></i></button>
  490. <ul class="mobile-menu__menu-item-child-menu">
  491. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  492. <a class href="/business/services/financial-institutions/financial-institution-licensing/">Financial Institution licensing</a>
  493. <ul class="mobile-menu__menu-item-child-menu">
  494. </ul>
  495. </li>
  496. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  497. <a class href="/business/services/financial-institutions/fair-conduct-programme/">Fair Conduct Programme</a>
  498. <ul class="mobile-menu__menu-item-child-menu">
  499. </ul>
  500. </li>
  501. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  502. <a class href="/business/services/financial-institutions/financial-institution-licensing-faqs/">Financial institution licensing FAQs</a>
  503. <ul class="mobile-menu__menu-item-child-menu">
  504. </ul>
  505. </li>
  506. </ul>
  507. </li>
  508. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link has-children">
  509. <a class href="/business/services/financial-market-infrastructures/">Financial market infrastructures</a>
  510. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Financial market infrastructures" aria-label="open submenu Financial market infrastructures"><i class="bi bi-chevron-right"></i></button>
  511. <ul class="mobile-menu__menu-item-child-menu">
  512. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  513. <a class href="/business/services/financial-market-infrastructures/standards-for-designated-fmis/">Standards for designated Financial Market Infrastructures</a>
  514. <ul class="mobile-menu__menu-item-child-menu">
  515. </ul>
  516. </li>
  517. </ul>
  518. </li>
  519. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  520. <a class href="/business/services/independent-trustees/">Independent trustees</a>
  521. <ul class="mobile-menu__menu-item-child-menu">
  522. </ul>
  523. </li>
  524. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  525. <a class href="/business/services/interposed-persons/">Interposed persons under the financial advice regime</a>
  526. <ul class="mobile-menu__menu-item-child-menu">
  527. </ul>
  528. </li>
  529. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link has-children">
  530. <a class href="/business/services/mis-manager/">Managed investment scheme manager</a>
  531. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Managed investment scheme manager" aria-label="open submenu Managed investment scheme manager"><i class="bi bi-chevron-right"></i></button>
  532. <ul class="mobile-menu__menu-item-child-menu">
  533. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  534. <a class href="/business/services/mis-manager/kiwisaver-exempt-employers/">KiwiSaver exempt employers</a>
  535. <ul class="mobile-menu__menu-item-child-menu">
  536. </ul>
  537. </li>
  538. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  539. <a class href="/business/services/mis-manager/kiwisaver-annual-statistical-returns/">KiwiSaver annual statistical returns </a>
  540. <ul class="mobile-menu__menu-item-child-menu">
  541. </ul>
  542. </li>
  543. </ul>
  544. </li>
  545. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  546. <a class href="/business/services/market-operators/">Market operators</a>
  547. <ul class="mobile-menu__menu-item-child-menu">
  548. </ul>
  549. </li>
  550. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  551. <a class href="/business/services/equity-or-debt-issuers/">Offer disclosure for equity and debt offers</a>
  552. <ul class="mobile-menu__menu-item-child-menu">
  553. </ul>
  554. </li>
  555. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link has-children">
  556. <a class href="/business/services/offer-information/">Offers of financial products</a>
  557. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Offers of financial products" aria-label="open submenu Offers of financial products"><i class="bi bi-chevron-right"></i></button>
  558. <ul class="mobile-menu__menu-item-child-menu">
  559. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link has-children">
  560. <a class href="/business/services/offer-information/offers-under-the-fmc-act/">Offers under the FMC Act</a>
  561. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Offers under the FMC Act" aria-label="open submenu Offers under the FMC Act"><i class="bi bi-chevron-right"></i></button>
  562. <ul class="mobile-menu__menu-item-child-menu">
  563. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-5-link">
  564. <a class href="/business/services/offer-information/offers-under-the-fmc-act/waivers/">Waivers</a>
  565. <ul class="mobile-menu__menu-item-child-menu">
  566. </ul>
  567. </li>
  568. </ul>
  569. </li>
  570. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  571. <a class href="/business/services/offer-information/asia-region-funds-passport/">Asia Region Funds Passport </a>
  572. <ul class="mobile-menu__menu-item-child-menu">
  573. </ul>
  574. </li>
  575. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  576. <a class href="/business/services/offer-information/crowdfunding-issuers/">Crowdfunding issuers</a>
  577. <ul class="mobile-menu__menu-item-child-menu">
  578. </ul>
  579. </li>
  580. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  581. <a class href="/business/services/offer-information/peer-to-peer-lending-borrowers/">Peer-to-peer lending borrowers</a>
  582. <ul class="mobile-menu__menu-item-child-menu">
  583. </ul>
  584. </li>
  585. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  586. <a class href="/business/services/offer-information/faqs/">FAQs</a>
  587. <ul class="mobile-menu__menu-item-child-menu">
  588. </ul>
  589. </li>
  590. </ul>
  591. </li>
  592. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  593. <a class href="/business/services/peer-to-peer-lending-providers/">Peer-to-peer lending service providers</a>
  594. <ul class="mobile-menu__menu-item-child-menu">
  595. </ul>
  596. </li>
  597. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  598. <a class href="/business/services/supervisors/">Supervisors</a>
  599. <ul class="mobile-menu__menu-item-child-menu">
  600. </ul>
  601. </li>
  602. </ul>
  603. </li>
  604. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link has-children">
  605. <a class href="/business/focus-areas/">Focus areas</a>
  606. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Focus areas" aria-label="open submenu Focus areas"><i class="bi bi-chevron-right"></i>
  607. </button>
  608. <ul class="mobile-menu__menu-item-child-menu">
  609. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link has-children">
  610. <a class href="/business/focus-areas/amlcft/">AML/CFT </a>
  611. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu AML/CFT " aria-label="open submenu AML/CFT "><i class="bi bi-chevron-right"></i></button>
  612. <ul class="mobile-menu__menu-item-child-menu">
  613. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  614. <a class href="/business/focus-areas/amlcft/reporting-entities/">AML/CFT Reporting Entities </a>
  615. <ul class="mobile-menu__menu-item-child-menu">
  616. </ul>
  617. </li>
  618. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  619. <a class href="/business/focus-areas/amlcft/amlcft-faqs/">AML/CFT FAQs</a>
  620. <ul class="mobile-menu__menu-item-child-menu">
  621. </ul>
  622. </li>
  623. </ul>
  624. </li>
  625. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  626. <a class href="/business/focus-areas/consultation/">Consultations</a>
  627. <ul class="mobile-menu__menu-item-child-menu">
  628. </ul>
  629. </li>
  630. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  631. <a class href="/business/focus-areas/ethical-finance/">Ethical finance</a>
  632. <ul class="mobile-menu__menu-item-child-menu">
  633. </ul>
  634. </li>
  635. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  636. <a class href="/business/focus-areas/innovation/">Innovation</a>
  637. <ul class="mobile-menu__menu-item-child-menu">
  638. </ul>
  639. </li>
  640. </ul>
  641. </li>
  642. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link has-children">
  643. <a class href="/business/legislation/">Legislation</a>
  644. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Legislation" aria-label="open submenu Legislation"><i class="bi bi-chevron-right"></i>
  645. </button>
  646. <ul class="mobile-menu__menu-item-child-menu">
  647. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  648. <a class href="/business/legislation/fmc-act/">Financial Markets Conduct Act</a>
  649. <ul class="mobile-menu__menu-item-child-menu">
  650. </ul>
  651. </li>
  652. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link has-children">
  653. <a class href="/business/legislation/conduct-of-financial-institutions-cofi-legislation/">Conduct of Financial Institutions (CoFI) legislation</a>
  654. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Conduct of Financial Institutions (CoFI) legislation" aria-label="open submenu Conduct of Financial Institutions (CoFI) legislation"><i class="bi bi-chevron-right"></i></button>
  655. <ul class="mobile-menu__menu-item-child-menu">
  656. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  657. <a class href="/business/legislation/conduct-of-financial-institutions-cofi-legislation/key-terms-under-the-cofi-regime/">Key terms under the CoFI regime</a>
  658. <ul class="mobile-menu__menu-item-child-menu">
  659. </ul>
  660. </li>
  661. </ul>
  662. </li>
  663. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link has-children">
  664. <a class href="/business/legislation/new-financial-advice-regime/">Financial Services Legislation Amendment Act 2019 (FSLAA)</a>
  665. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Financial Services Legislation Amendment Act 2019 (FSLAA)" aria-label="open submenu Financial Services Legislation Amendment Act 2019 (FSLAA)"><i class="bi bi-chevron-right"></i></button>
  666. <ul class="mobile-menu__menu-item-child-menu">
  667. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link has-children">
  668. <a class href="/business/legislation/new-financial-advice-regime/getting-prepared/">How to operate</a>
  669. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu How to operate" aria-label="open submenu How to operate"><i class="bi bi-chevron-right"></i></button>
  670. <ul class="mobile-menu__menu-item-child-menu">
  671. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-5-link">
  672. <a class href="/business/legislation/new-financial-advice-regime/getting-prepared/advice-on-behalf-of-someone/">Providing advice on behalf of someone else</a>
  673. <ul class="mobile-menu__menu-item-child-menu">
  674. </ul>
  675. </li>
  676. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-5-link">
  677. <a class href="/business/legislation/new-financial-advice-regime/getting-prepared/single-adviser/">Single adviser business</a>
  678. <ul class="mobile-menu__menu-item-child-menu">
  679. </ul>
  680. </li>
  681. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-5-link">
  682. <a class href="/business/legislation/new-financial-advice-regime/getting-prepared/with-financial-advisers/">Business or individual with financial advisers</a>
  683. <ul class="mobile-menu__menu-item-child-menu">
  684. </ul>
  685. </li>
  686. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-5-link">
  687. <a class href="/business/legislation/new-financial-advice-regime/getting-prepared/financial-advisers-n-nominated-rep/">Business with financial advisers and nominated representatives </a>
  688. <ul class="mobile-menu__menu-item-child-menu">
  689. </ul>
  690. </li>
  691. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-5-link">
  692. <a class href="/business/legislation/new-financial-advice-regime/getting-prepared/with-nominated-rep/">Business with nominated representatives </a>
  693. <ul class="mobile-menu__menu-item-child-menu">
  694. </ul>
  695. </li>
  696. </ul>
  697. </li>
  698. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  699. <a class href="/business/legislation/new-financial-advice-regime/full-licence/">How to apply for a FAP licence</a>
  700. <ul class="mobile-menu__menu-item-child-menu">
  701. </ul>
  702. </li>
  703. </ul>
  704. </li>
  705. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  706. <a class href="/business/legislation/all-legislation-overseen-by-the-fma/">All legislation overseen by the FMA</a>
  707. <ul class="mobile-menu__menu-item-child-menu">
  708. </ul>
  709. </li>
  710. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  711. <a class href="/business/legislation/designations/">Designations</a>
  712. <ul class="mobile-menu__menu-item-child-menu">
  713. </ul>
  714. </li>
  715. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link has-children">
  716. <a class href="/business/legislation/exemptions/">Exemptions</a>
  717. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Exemptions" aria-label="open submenu Exemptions"><i class="bi bi-chevron-right"></i></button>
  718. <ul class="mobile-menu__menu-item-child-menu">
  719. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  720. <a class href="/business/legislation/exemptions/financial-markets-conduct-act-exemptions/">Financial Markets Conduct Act exemptions</a>
  721. <ul class="mobile-menu__menu-item-child-menu">
  722. </ul>
  723. </li>
  724. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  725. <a class href="/business/legislation/exemptions/trustee-and-nominee-exemptions/">Trustee and Nominee exemptions</a>
  726. <ul class="mobile-menu__menu-item-child-menu">
  727. </ul>
  728. </li>
  729. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  730. <a class href="/business/legislation/exemptions/financial-reporting-exemption-information/">Financial reporting exemptions</a>
  731. <ul class="mobile-menu__menu-item-child-menu">
  732. </ul>
  733. </li>
  734. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-4-link">
  735. <a class href="/business/legislation/exemptions/expired-exemptions/">Expired exemptions</a>
  736. <ul class="mobile-menu__menu-item-child-menu">
  737. </ul>
  738. </li>
  739. </ul>
  740. </li>
  741. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  742. <a class href="/business/legislation/fair-dealing/">Fair dealing</a>
  743. <ul class="mobile-menu__menu-item-child-menu">
  744. </ul>
  745. </li>
  746. </ul>
  747. </li>
  748. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  749. <a class href="/business/licensed-providers/">Licensed &amp; reporting entities</a>
  750. <ul class="mobile-menu__menu-item-child-menu">
  751. </ul>
  752. </li>
  753. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  754. <a class href="/business/online-services/">Online Services</a>
  755. <ul class="mobile-menu__menu-item-child-menu">
  756. </ul>
  757. </li>
  758. </ul>
  759. <a href="/document-library/" class="mobile-menu__document-library-link">Document
  760. library</a>
  761. </li>
  762. <li class="mobile-menu__menu-item mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-1-link mobile-menu__menu-item--page-about-us">
  763. <button class="mobile-menu__menu-item-back-button"><i class="bi bi-chevron-left"></i> Back</button>
  764. <a class="mobile-menu__menu-item-link-wrap" href="/about-us/">
  765. <span class="mobile-menu__menu-item-link-wrap-title-text">About</span>
  766. <span class="mobile-menu__menu-item-link-wrap-title-tereo"></span>
  767. </a>
  768. <button class="mobile-menu__menu-item-submenu-btn mobile-menu__menu-item-submenu-btn--level-1-btn" title="open submenu About" aria-label="open submenu About"><i class="bi bi-chevron-right"></i></button>
  769. <ul class="mobile-menu__menu-item-child-menu">
  770. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link has-children">
  771. <a class href="/about-us/people-and-leadership/">People &amp; leadership</a>
  772. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu People &amp; leadership" aria-label="open submenu People &amp; leadership"><i class="bi bi-chevron-right"></i>
  773. </button>
  774. <ul class="mobile-menu__menu-item-child-menu">
  775. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  776. <a class href="/about-us/people-and-leadership/gender-pay-gap/">Gender Pay Gap</a>
  777. <ul class="mobile-menu__menu-item-child-menu">
  778. </ul>
  779. </li>
  780. </ul>
  781. </li>
  782. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  783. <a class href="/about-us/governance-and-board/">Board</a>
  784. <ul class="mobile-menu__menu-item-child-menu">
  785. </ul>
  786. </li>
  787. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link has-children">
  788. <a class href="/about-us/regulatory-approach/">Regulatory approach</a>
  789. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Regulatory approach" aria-label="open submenu Regulatory approach"><i class="bi bi-chevron-right"></i>
  790. </button>
  791. <ul class="mobile-menu__menu-item-child-menu">
  792. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  793. <a class href="/about-us/regulatory-approach/conduct/">Conduct</a>
  794. <ul class="mobile-menu__menu-item-child-menu">
  795. </ul>
  796. </li>
  797. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  798. <a class href="/about-us/regulatory-approach/compliance-approach/">Compliance approach</a>
  799. <ul class="mobile-menu__menu-item-child-menu">
  800. </ul>
  801. </li>
  802. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  803. <a class href="/about-us/regulatory-approach/regulatory-co-operation/">Regulatory co-operation</a>
  804. <ul class="mobile-menu__menu-item-child-menu">
  805. </ul>
  806. </li>
  807. </ul>
  808. </li>
  809. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link has-children">
  810. <a class href="/about-us/enforcement/">Enforcing the law</a>
  811. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu Enforcing the law" aria-label="open submenu Enforcing the law"><i class="bi bi-chevron-right"></i>
  812. </button>
  813. <ul class="mobile-menu__menu-item-child-menu">
  814. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  815. <a class href="/about-us/enforcement/enforcement-policy/">Policy</a>
  816. <ul class="mobile-menu__menu-item-child-menu">
  817. </ul>
  818. </li>
  819. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  820. <a class href="/about-us/enforcement/hearings/">Hearings</a>
  821. <ul class="mobile-menu__menu-item-child-menu">
  822. </ul>
  823. </li>
  824. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  825. <a class href="/about-us/enforcement/cases/">Enforcement Activity</a>
  826. <ul class="mobile-menu__menu-item-child-menu">
  827. </ul>
  828. </li>
  829. </ul>
  830. </li>
  831. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  832. <a class href="/about-us/investor-capability-and-consumer-insights/">Investor capability</a>
  833. <ul class="mobile-menu__menu-item-child-menu">
  834. </ul>
  835. </li>
  836. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  837. <a class href="/about-us/corporate-publications/">Corporate publications</a>
  838. <ul class="mobile-menu__menu-item-child-menu">
  839. </ul>
  840. </li>
  841. </ul>
  842. <a href="/document-library/" class="mobile-menu__document-library-link">Document
  843. library</a>
  844. </li>
  845. <li class="mobile-menu__menu-item mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-1-link mobile-menu__menu-item--page-careers">
  846. <button class="mobile-menu__menu-item-back-button"><i class="bi bi-chevron-left"></i> Back</button>
  847. <a class="mobile-menu__menu-item-link-wrap" href="https://careers.fma.govt.nz/home">
  848. <span class="mobile-menu__menu-item-link-wrap-title-text">Careers</span>
  849. <span class="mobile-menu__menu-item-link-wrap-title-tereo"></span>
  850. </a>
  851. <a href="/document-library/" class="mobile-menu__document-library-link">Document
  852. library</a>
  853. </li>
  854. <li class="mobile-menu__menu-item mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-1-link mobile-menu__menu-item--page-news">
  855. <button class="mobile-menu__menu-item-back-button"><i class="bi bi-chevron-left"></i> Back</button>
  856. <a class="mobile-menu__menu-item-link-wrap mobile-menu__menu-item-link-wrap--current" href="/news/">
  857. <span class="mobile-menu__menu-item-link-wrap-title-text">News &amp; Insights</span>
  858. <span class="mobile-menu__menu-item-link-wrap-title-tereo"></span>
  859. </a>
  860. <button class="mobile-menu__menu-item-submenu-btn mobile-menu__menu-item-submenu-btn--level-1-btn" title="open submenu News &amp; Insights" aria-label="open submenu News &amp; Insights"><i class="bi bi-chevron-right"></i></button>
  861. <ul class="mobile-menu__menu-item-child-menu">
  862. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link has-children">
  863. <a class href="/news/all-releases/media-releases/">All releases</a>
  864. <button class="mobile-menu__menu-item-submenu-btn" title="open submenu All releases" aria-label="open submenu All releases"><i class="bi bi-chevron-right"></i>
  865. </button>
  866. <ul class="mobile-menu__menu-item-child-menu">
  867. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  868. <a class href="/news/all-releases/media-releases/">Media releases</a>
  869. <ul class="mobile-menu__menu-item-child-menu">
  870. </ul>
  871. </li>
  872. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  873. <a class href="/news/all-releases/releases-from-the-minister-of-commerce/">Releases from the Minister</a>
  874. <ul class="mobile-menu__menu-item-child-menu">
  875. </ul>
  876. </li>
  877. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  878. <a class href="/news/all-releases/covid-19/">COVID-19</a>
  879. <ul class="mobile-menu__menu-item-child-menu">
  880. </ul>
  881. </li>
  882. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-3-link">
  883. <a class href="/news/all-releases/regulation-updates/">Regulation updates</a>
  884. <ul class="mobile-menu__menu-item-child-menu">
  885. </ul>
  886. </li>
  887. </ul>
  888. </li>
  889. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  890. <a class href="/news/articles/">Articles</a>
  891. <ul class="mobile-menu__menu-item-child-menu">
  892. </ul>
  893. </li>
  894. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  895. <a class href="/news/campaigns/">Campaigns</a>
  896. <ul class="mobile-menu__menu-item-child-menu">
  897. </ul>
  898. </li>
  899. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  900. <a class href="/news/fma-update/">FMA Update</a>
  901. <ul class="mobile-menu__menu-item-child-menu">
  902. </ul>
  903. </li>
  904. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  905. <a class href="/news/guidance/">Guidance</a>
  906. <ul class="mobile-menu__menu-item-child-menu">
  907. </ul>
  908. </li>
  909. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  910. <a class href="/news/reports/">Reports</a>
  911. <ul class="mobile-menu__menu-item-child-menu">
  912. </ul>
  913. </li>
  914. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  915. <a class href="/news/research/">Research</a>
  916. <ul class="mobile-menu__menu-item-child-menu">
  917. </ul>
  918. </li>
  919. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  920. <a class href="/news/speeches/">Speeches</a>
  921. <ul class="mobile-menu__menu-item-child-menu">
  922. </ul>
  923. </li>
  924. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  925. <a class href="/news/opinion/">Opinion</a>
  926. <ul class="mobile-menu__menu-item-child-menu">
  927. </ul>
  928. </li>
  929. </ul>
  930. <a href="/document-library/" class="mobile-menu__document-library-link">Document
  931. library</a>
  932. </li>
  933. <li class="mobile-menu__menu-item mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-1-link mobile-menu__menu-item--page-scams">
  934. <button class="mobile-menu__menu-item-back-button"><i class="bi bi-chevron-left"></i> Back</button>
  935. <a class="mobile-menu__menu-item-link-wrap" href="/scams/">
  936. <span class="mobile-menu__menu-item-link-wrap-title-text">Scams</span>
  937. <span class="mobile-menu__menu-item-link-wrap-title-tereo"></span>
  938. </a>
  939. <button class="mobile-menu__menu-item-submenu-btn mobile-menu__menu-item-submenu-btn--level-1-btn" title="open submenu Scams" aria-label="open submenu Scams"><i class="bi bi-chevron-right"></i></button>
  940. <ul class="mobile-menu__menu-item-child-menu">
  941. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  942. <a class href="/scams/scam-basics/">Scam basics</a>
  943. <ul class="mobile-menu__menu-item-child-menu">
  944. </ul>
  945. </li>
  946. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  947. <a class href="/scams/real-life-scam-stories/">Real life scam stories</a>
  948. <ul class="mobile-menu__menu-item-child-menu">
  949. </ul>
  950. </li>
  951. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  952. <a class href="/library/warnings-and-alerts/">Warnings &amp; alerts</a>
  953. <ul class="mobile-menu__menu-item-child-menu">
  954. </ul>
  955. </li>
  956. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  957. <a class href="/scams/report-a-scam/">Report a scam</a>
  958. <ul class="mobile-menu__menu-item-child-menu">
  959. </ul>
  960. </li>
  961. </ul>
  962. <a href="/document-library/" class="mobile-menu__document-library-link">Document
  963. library</a>
  964. </li>
  965. <li class="mobile-menu__menu-item mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-1-link mobile-menu__menu-item--page-contact">
  966. <button class="mobile-menu__menu-item-back-button"><i class="bi bi-chevron-left"></i> Back</button>
  967. <a class="mobile-menu__menu-item-link-wrap" href="/contact/">
  968. <span class="mobile-menu__menu-item-link-wrap-title-text">Contact</span>
  969. <span class="mobile-menu__menu-item-link-wrap-title-tereo"></span>
  970. </a>
  971. <button class="mobile-menu__menu-item-submenu-btn mobile-menu__menu-item-submenu-btn--level-1-btn" title="open submenu Contact" aria-label="open submenu Contact"><i class="bi bi-chevron-right"></i></button>
  972. <ul class="mobile-menu__menu-item-child-menu">
  973. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  974. <a class href="/contact/when-to-contact-us-and-who-else-may-be-able-to-help/">When to contact us</a>
  975. <ul class="mobile-menu__menu-item-child-menu">
  976. </ul>
  977. </li>
  978. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  979. <a class href="/contact/make-a-complaint/">Make a complaint</a>
  980. <ul class="mobile-menu__menu-item-child-menu">
  981. </ul>
  982. </li>
  983. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  984. <a class href="/contact/official-information-act-requests/">Official Information Act (OIA) requests</a>
  985. <ul class="mobile-menu__menu-item-child-menu">
  986. </ul>
  987. </li>
  988. <li class="mobile-menu__menu-item--clickable-link mobile-menu__menu-item--level-2-link">
  989. <a class href="/contact/make-a-protected-disclosure-whistleblowing/">Make a protected disclosure (whistleblowing)</a>
  990. <ul class="mobile-menu__menu-item-child-menu">
  991. </ul>
  992. </li>
  993. </ul>
  994. <a href="/document-library/" class="mobile-menu__document-library-link">Document
  995. library</a>
  996. </li>
  997. <li class="mobile-menu__inactive-btm-area">
  998. <ul>
  999. <li class="mobile-menu__inactive-btm-area-menu-item">
  1000. <a class="mobile-menu__inactive-btm-area-menu-item-link" href="/about-us/">
  1001. <span class="mobile-menu__inactive-btm-area-menu-item-link-menu-title">About</span>
  1002. <span class="mobile-menu__inactive-btm-area-menu-item-link-title-tereo"></span></a>
  1003. <button class="mobile-menu__inactive-btm-area-menu-item-submenu-btn" title="open submenu About" aria-label="open submenu About" data-activate="page-about-us"><i class="bi bi-chevron-right"></i>
  1004. </button>
  1005. </li>
  1006. <li class="mobile-menu__inactive-btm-area-menu-item">
  1007. <a class="mobile-menu__inactive-btm-area-menu-item-link" href="https://careers.fma.govt.nz/home">
  1008. <span class="mobile-menu__inactive-btm-area-menu-item-link-menu-title">Careers</span>
  1009. <span class="mobile-menu__inactive-btm-area-menu-item-link-title-tereo"></span></a>
  1010. </li>
  1011. <li class="mobile-menu__inactive-btm-area-menu-item">
  1012. <a class="mobile-menu__inactive-btm-area-menu-item-link" href="/news/">
  1013. <span class="mobile-menu__inactive-btm-area-menu-item-link-menu-title">News &amp; Insights</span>
  1014. <span class="mobile-menu__inactive-btm-area-menu-item-link-title-tereo"></span></a>
  1015. <button class="mobile-menu__inactive-btm-area-menu-item-submenu-btn" title="open submenu News &amp; Insights" aria-label="open submenu News &amp; Insights" data-activate="page-news"><i class="bi bi-chevron-right"></i>
  1016. </button>
  1017. </li>
  1018. <li class="mobile-menu__inactive-btm-area-menu-item">
  1019. <a class="mobile-menu__inactive-btm-area-menu-item-link" href="/scams/">
  1020. <span class="mobile-menu__inactive-btm-area-menu-item-link-menu-title">Scams</span>
  1021. <span class="mobile-menu__inactive-btm-area-menu-item-link-title-tereo"></span></a>
  1022. <button class="mobile-menu__inactive-btm-area-menu-item-submenu-btn" title="open submenu Scams" aria-label="open submenu Scams" data-activate="page-scams"><i class="bi bi-chevron-right"></i>
  1023. </button>
  1024. </li>
  1025. <li class="mobile-menu__inactive-btm-area-menu-item">
  1026. <a class="mobile-menu__inactive-btm-area-menu-item-link" href="/contact/">
  1027. <span class="mobile-menu__inactive-btm-area-menu-item-link-menu-title">Contact</span>
  1028. <span class="mobile-menu__inactive-btm-area-menu-item-link-title-tereo"></span></a>
  1029. <button class="mobile-menu__inactive-btm-area-menu-item-submenu-btn" title="open submenu Contact" aria-label="open submenu Contact" data-activate="page-contact"><i class="bi bi-chevron-right"></i>
  1030. </button>
  1031. </li>
  1032. </ul>
  1033. </li>
  1034. </ul>
  1035. </div>
  1036. <div class="sticky-nav-spacer"></div>
  1037. <div class="secondary-navigation d-sm-none d-md-none d-lg-block d-xl-block">
  1038. <div class="container">
  1039. <div class="row">
  1040. <div class="col-xl-9">
  1041. <div class="secondary-navigation__contents">
  1042. <div class="secondary-navigation__links">
  1043. <div class="secondary-navigation__link-item ">
  1044. <a href="/news/all-releases/media-releases/" class="secondary-navigation__link-item-link">All releases</a>
  1045. <button class="secondary-navigation__tertiary-menu-toggle" aria-label="Show submenu" aria-expanded="false"><i class="bi bi-chevron-down"></i></button>
  1046. <div class="tertiary-navigation">
  1047. <span class="tertiary-navigation__section-title">ALL RELEASES</span>
  1048. <ul class="tertiary-navigation__container">
  1049. <li class="tertiary-navigation__link-item ">
  1050. <a class="tertiary-navigation__link-item-link " href="/news/all-releases/media-releases/">Media releases</a>
  1051. </li>
  1052. <li class="tertiary-navigation__link-item ">
  1053. <a class="tertiary-navigation__link-item-link " href="/news/all-releases/releases-from-the-minister-of-commerce/">Releases from the Minister</a>
  1054. </li>
  1055. <li class="tertiary-navigation__link-item ">
  1056. <a class="tertiary-navigation__link-item-link " href="/news/all-releases/covid-19/">COVID-19</a>
  1057. </li>
  1058. <li class="tertiary-navigation__link-item ">
  1059. <a class="tertiary-navigation__link-item-link " href="/news/all-releases/regulation-updates/">Regulation updates</a>
  1060. </li>
  1061. </ul>
  1062. </div>
  1063. </div>
  1064. <div class="secondary-navigation__link-item ">
  1065. <a href="/news/articles/" class="secondary-navigation__link-item-link">Articles</a>
  1066. </div>
  1067. <div class="secondary-navigation__link-item ">
  1068. <a href="/news/campaigns/" class="secondary-navigation__link-item-link">Campaigns</a>
  1069. </div>
  1070. <div class="secondary-navigation__link-item ">
  1071. <a href="/news/fma-update/" class="secondary-navigation__link-item-link">FMA Update</a>
  1072. </div>
  1073. <div class="secondary-navigation__link-item ">
  1074. <a href="/news/guidance/" class="secondary-navigation__link-item-link">Guidance</a>
  1075. </div>
  1076. <div class="secondary-navigation__link-item ">
  1077. <a href="/news/reports/" class="secondary-navigation__link-item-link">Reports</a>
  1078. </div>
  1079. <div class="secondary-navigation__link-item ">
  1080. <a href="/news/research/" class="secondary-navigation__link-item-link">Research</a>
  1081. </div>
  1082. <div class="secondary-navigation__link-item ">
  1083. <a href="/news/speeches/" class="secondary-navigation__link-item-link">Speeches</a>
  1084. </div>
  1085. <div class="secondary-navigation__link-item ">
  1086. <a href="/news/opinion/" class="secondary-navigation__link-item-link">Opinion</a>
  1087. </div>
  1088. </div>
  1089. <div class="secondary-navigation__document-library">
  1090. <a href="/document-library/" class="secondary-navigation__document-library-link">Document library</a>
  1091. </div>
  1092. </div>
  1093. </div>
  1094. </div>
  1095. </div>
  1096. </div>
  1097. <div class="container-fluid search-block__container--mobile d-lg-none d-none">
  1098. <div class="row">
  1099. <div class="search-block search-block--mobile col-sm-4">
  1100. <div class="search-block__outer-container--mobile">
  1101. <form id="SearchForm_FmaSearchFormMobile" action="search-results" method="POST" enctype="application/x-www-form-urlencoded" class="search-form-mobile" class="search-block__form" role="search">
  1102. <fieldset class="search-block__inputs-container d-flex">
  1103. <legend class="sr-only">basic search</legend>
  1104. <div id="SearchForm_FmaSearchFormMobile_BasicSearch_Holder" class="field form-group search-block__text-holder ">
  1105. <label class="col-form-label d-none" for="SearchForm_FmaSearchFormMobile_BasicSearch" id="title-SearchForm_FmaSearchFormMobile_BasicSearch">
  1106. Keywords
  1107. </label>
  1108. <input type="text" name="BasicSearch" id="SearchForm_FmaSearchFormMobile_BasicSearch" placeholder="Search" class="text search-block__text-input search-block__text-input--mobile form-control" aria-labelledby="title-SearchForm_FmaSearchFormMobile_BasicSearch" />
  1109. </div>
  1110. <button class="action search-block__close" aria-label="Close search form">
  1111. <i class="bi bi-x-lg"></i>
  1112. </button>
  1113. </fieldset>
  1114. <fieldset class="search-block__show-advanced-search-container d-flex justify-content-end">
  1115. <legend class="sr-only">switch to advanced search</legend>
  1116. <button class="action search-block__show-advanced-search">Show advanced search</button>
  1117. </fieldset>
  1118. </form>
  1119. </div>
  1120. </div>
  1121. </div>
  1122. </div>
  1123. <div class="container search-page__advanced-search-form-container search-page__advanced-search-form-container--header backdrop-blur-mobile d-none">
  1124. <div class="container search-page__advanced-search-form-container-inner backdrop-blur">
  1125. <div class="row">
  1126. <div class="search-page__advanced-search-form col-lg-9">
  1127. <form id="AdvancedSearchForm_AdvancedSearchForm" action="search-results" method="POST" enctype="application/x-www-form-urlencoded" class="advanced-search-form" aria-label="Advanced search form">
  1128. <div class="advanced-search-form__close-container justify-content-end">
  1129. <button class="advanced-search-form__close" aria-label="Close advanced search">Close advanced search</button>
  1130. </div>
  1131. <div class="row advanced-search-form__fields">
  1132. <div id="AdvancedSearchForm_AdvancedSearchForm_Search_Holder" class="field form-group advanced-search-form__keywords col-lg-4 ">
  1133. <label class="col-form-label d-block" for="AdvancedSearchForm_AdvancedSearchForm_Search" id="title-AdvancedSearchForm_AdvancedSearchForm_Search">
  1134. Keywords
  1135. </label>
  1136. <input type="text" name="Search" id="AdvancedSearchForm_AdvancedSearchForm_Search" placeholder="Search FMA website" class="text form-control" aria-labelledby="title-AdvancedSearchForm_AdvancedSearchForm_Search" />
  1137. </div>
  1138. <div id="AdvancedSearchForm_AdvancedSearchForm_DateFrom_Holder" class="field form-group advanced-search-form__date-from col-sm-2 col-lg-2 order-1 ">
  1139. <label class="col-form-label d-block" for="AdvancedSearchForm_AdvancedSearchForm_DateFrom" id="title-AdvancedSearchForm_AdvancedSearchForm_DateFrom">
  1140. Date Published
  1141. </label>
  1142. <input type="date" name="DateFrom" id="AdvancedSearchForm_AdvancedSearchForm_DateFrom" aria-label="Date from" placeholder="From" required="required" lang="en-US" max="2024-04-21" class="date text advanced-search-form__select-date-from form-control" aria-labelledby="title-AdvancedSearchForm_AdvancedSearchForm_DateFrom" />
  1143. </div>
  1144. <div id="AdvancedSearchForm_AdvancedSearchForm_DateTo_Holder" class="field form-group advanced-search-form__field-no-label advanced-search-form__date-to col-sm-2 col-lg-2 order-1 ">
  1145. <input type="date" name="DateTo" id="AdvancedSearchForm_AdvancedSearchForm_DateTo" aria-label="Date to" placeholder="To" required="required" lang="en-US" max="2024-04-21" class="date text advanced-search-form__select-date-to form-group--no-label form-control" />
  1146. </div>
  1147. <div class="actions form-group advanced-search-form__field-no-label advanced-search-form__action-search col-sm-2 col-lg-1 order-1">
  1148. <input type="submit" name="action_GetResults" value="Search" id="AdvancedSearchForm_AdvancedSearchForm_action_GetResults" class="action advanced-search-form__action-button advanced-search-form__button-search form-control btn btn-secondary rounded" />
  1149. </div>
  1150. <hr class="advanced-search-form__divider order-1">
  1151. <div id="AdvancedSearchForm_AdvancedSearchForm_DocumentType_Holder" class="field form-group advanced-search-form__document-type col-lg-4 order-1 ">
  1152. <select name="DocumentType" id="AdvancedSearchForm_AdvancedSearchForm_DocumentType" aria-label="Select document type" class="dropdown form-group--no-label form-control">
  1153. <option value="0">
  1154. Document Type
  1155. </option>
  1156. <option value="150">
  1157. Guidance
  1158. </option>
  1159. <option value="152">
  1160. Information Sheet
  1161. </option>
  1162. <option value="162">
  1163. Report
  1164. </option>
  1165. <option value="163">
  1166. Research
  1167. </option>
  1168. <option value="-1">
  1169. Other
  1170. </option>
  1171. </select>
  1172. </div>
  1173. <div id="AdvancedSearchForm_AdvancedSearchForm_Topic_Holder" class="field form-group advanced-search-form__topic col-lg-2 order-sm-0 order-lg-1 ">
  1174. <select name="Topic" id="AdvancedSearchForm_AdvancedSearchForm_Topic" aria-label="Select topic" class="dropdown advanced-search-form__select-topic form-group--no-label form-control">
  1175. <option value="0">
  1176. Topic
  1177. </option>
  1178. <option value="73">
  1179. Investing
  1180. </option>
  1181. <option value="72">
  1182. Consumer
  1183. </option>
  1184. <option value="1">
  1185. Business
  1186. </option>
  1187. <option value="45">
  1188. Licensing &amp; registration
  1189. </option>
  1190. <option value="120">
  1191. News &amp; Insights
  1192. </option>
  1193. <option value="95">
  1194. Financial advice
  1195. </option>
  1196. <option value="2">
  1197. Roles
  1198. </option>
  1199. <option value="137">
  1200. Scams
  1201. </option>
  1202. <option value="75">
  1203. Ways to invest
  1204. </option>
  1205. <option value="105">
  1206. FMA
  1207. </option>
  1208. </select>
  1209. </div>
  1210. <div id="AdvancedSearchForm_AdvancedSearchForm_Subtopic_Holder" class="field form-group advanced-search-form__subtopic col-lg-2 order-1 ">
  1211. <select name="Subtopic" id="AdvancedSearchForm_AdvancedSearchForm_Subtopic" aria-label="Select subtopic" class="dropdown advanced-search-form__select-subtopic form-group--no-label form-control">
  1212. <option value="0">
  1213. Sub topic
  1214. </option>
  1215. <option value="2">
  1216. Roles
  1217. </option>
  1218. <option value="3">
  1219. Administrators of financial benchmarks
  1220. </option>
  1221. <option value="4">
  1222. AML/CFT
  1223. </option>
  1224. <option value="6">
  1225. Auditors
  1226. </option>
  1227. <option value="7">
  1228. Authorised body under a FAP
  1229. </option>
  1230. <option value="8">
  1231. Client money or property services provider
  1232. </option>
  1233. <option value="9">
  1234. Crowdfunding providers
  1235. </option>
  1236. <option value="10">
  1237. Cryptocurrencies
  1238. </option>
  1239. <option value="11">
  1240. Directors
  1241. </option>
  1242. <option value="12">
  1243. Derivative Issuer
  1244. </option>
  1245. <option value="13">
  1246. Discretionary investment management scheme (DIMS)
  1247. </option>
  1248. <option value="14">
  1249. Offer disclosure for equity and debt offers
  1250. </option>
  1251. <option value="15">
  1252. Financial Advice Provider
  1253. </option>
  1254. <option value="16">
  1255. Financial Adviser
  1256. </option>
  1257. <option value="17">
  1258. Financial market infrastructures
  1259. </option>
  1260. <option value="18">
  1261. Independent trustee
  1262. </option>
  1263. <option value="19">
  1264. Interposed persons under new financial advice regime
  1265. </option>
  1266. <option value="20">
  1267. Managed investment schemes
  1268. </option>
  1269. <option value="21">
  1270. KiwiSaver providers
  1271. </option>
  1272. <option value="22">
  1273. Market operator
  1274. </option>
  1275. <option value="23">
  1276. Peer-to-peer lending service providers
  1277. </option>
  1278. <option value="24">
  1279. Supervisor
  1280. </option>
  1281. <option value="25">
  1282. Banking
  1283. </option>
  1284. <option value="26">
  1285. Companies office
  1286. </option>
  1287. <option value="27">
  1288. Complaint
  1289. </option>
  1290. <option value="28">
  1291. Compliance
  1292. </option>
  1293. <option value="29">
  1294. Conduct
  1295. </option>
  1296. <option value="30">
  1297. Crowdfunding Service Provider
  1298. </option>
  1299. <option value="31">
  1300. Designations
  1301. </option>
  1302. <option value="32">
  1303. Disclose register
  1304. </option>
  1305. <option value="33">
  1306. Fair dealing
  1307. </option>
  1308. <option value="34">
  1309. FSPR
  1310. </option>
  1311. <option value="37">
  1312. New Financial Advice regime
  1313. </option>
  1314. <option value="38">
  1315. Obligations
  1316. </option>
  1317. <option value="39">
  1318. Offer information
  1319. </option>
  1320. <option value="40">
  1321. Policy
  1322. </option>
  1323. <option value="41">
  1324. Regulation
  1325. </option>
  1326. <option value="42">
  1327. Regulation updates
  1328. </option>
  1329. <option value="43">
  1330. Reporting entities
  1331. </option>
  1332. <option value="44">
  1333. RIS
  1334. </option>
  1335. <option value="45">
  1336. Licensing &amp; registration
  1337. </option>
  1338. <option value="46">
  1339. Licence
  1340. </option>
  1341. <option value="47">
  1342. Licence guide
  1343. </option>
  1344. <option value="48">
  1345. Registration
  1346. </option>
  1347. <option value="49">
  1348. Standard conditions
  1349. </option>
  1350. <option value="50">
  1351. Legislation
  1352. </option>
  1353. <option value="51">
  1354. AML/CFT act 2009
  1355. </option>
  1356. <option value="52">
  1357. Auditor Regulation Act 2011
  1358. </option>
  1359. <option value="53">
  1360. Building societies Act 1965
  1361. </option>
  1362. <option value="54">
  1363. Companies act 1993
  1364. </option>
  1365. <option value="55">
  1366. Co-operative companies Act 1996
  1367. </option>
  1368. <option value="56">
  1369. Corporations Act 1989
  1370. </option>
  1371. <option value="57">
  1372. Crimes Act
  1373. </option>
  1374. <option value="58">
  1375. Crown Entities Act 2004
  1376. </option>
  1377. <option value="59">
  1378. Financial Markets Authority Act 2011
  1379. </option>
  1380. <option value="60">
  1381. Financial Markets Supervision Act 2011
  1382. </option>
  1383. <option value="61">
  1384. Financial reporting Act 2013
  1385. </option>
  1386. <option value="62">
  1387. Financial Service providers Act 2008
  1388. </option>
  1389. <option value="63">
  1390. FMC Act
  1391. </option>
  1392. <option value="64">
  1393. Friendly societies and credit unions act 1982
  1394. </option>
  1395. <option value="65">
  1396. KiwiSaver Act 2006
  1397. </option>
  1398. <option value="66">
  1399. Limited partnerships act 2008
  1400. </option>
  1401. <option value="67">
  1402. Public Finance Act 1989
  1403. </option>
  1404. <option value="68">
  1405. Reserve bank of New Zealand Act 1989
  1406. </option>
  1407. <option value="69">
  1408. Secret Commissions Act 2010
  1409. </option>
  1410. <option value="70">
  1411. Trustee companies Act 1967
  1412. </option>
  1413. <option value="71">
  1414. Trustee companies management act 1975
  1415. </option>
  1416. <option value="73">
  1417. Investing
  1418. </option>
  1419. <option value="74">
  1420. Investment basics
  1421. </option>
  1422. <option value="75">
  1423. Ways to invest
  1424. </option>
  1425. <option value="76">
  1426. Bonds
  1427. </option>
  1428. <option value="77">
  1429. Binary options
  1430. </option>
  1431. <option value="78">
  1432. Capital notes
  1433. </option>
  1434. <option value="79">
  1435. Hybrid securities
  1436. </option>
  1437. <option value="80">
  1438. Cash investments
  1439. </option>
  1440. <option value="81">
  1441. Derivatives
  1442. </option>
  1443. <option value="82">
  1444. ETFs
  1445. </option>
  1446. <option value="83">
  1447. Foreign exchange
  1448. </option>
  1449. <option value="84">
  1450. Gold
  1451. </option>
  1452. <option value="85">
  1453. Commodities
  1454. </option>
  1455. <option value="86">
  1456. Investment software packages
  1457. </option>
  1458. <option value="87">
  1459. Investment seminars
  1460. </option>
  1461. <option value="88">
  1462. Managed funds
  1463. </option>
  1464. <option value="89">
  1465. Property investment
  1466. </option>
  1467. <option value="90">
  1468. Property syndicates
  1469. </option>
  1470. <option value="91">
  1471. Shares
  1472. </option>
  1473. <option value="92">
  1474. Online investing platforms
  1475. </option>
  1476. <option value="93">
  1477. Get advice
  1478. </option>
  1479. <option value="94">
  1480. Campaigns
  1481. </option>
  1482. <option value="95">
  1483. Financial advice
  1484. </option>
  1485. <option value="96">
  1486. Mortgage advice
  1487. </option>
  1488. <option value="97">
  1489. Insurance advice
  1490. </option>
  1491. <option value="98">
  1492. Investment advice
  1493. </option>
  1494. <option value="99">
  1495. Investor News Wrap
  1496. </option>
  1497. <option value="100">
  1498. Investor information
  1499. </option>
  1500. <option value="101">
  1501. KiwiSaver &amp; Superannuation
  1502. </option>
  1503. <option value="102">
  1504. Insurance
  1505. </option>
  1506. <option value="103">
  1507. Life insurance
  1508. </option>
  1509. <option value="104">
  1510. General and other insurance
  1511. </option>
  1512. <option value="106">
  1513. About
  1514. </option>
  1515. <option value="107">
  1516. Committees
  1517. </option>
  1518. <option value="109">
  1519. Executive expenses
  1520. </option>
  1521. <option value="111">
  1522. FMA Board
  1523. </option>
  1524. <option value="112">
  1525. FMA executive team
  1526. </option>
  1527. <option value="113">
  1528. FMA people
  1529. </option>
  1530. <option value="114">
  1531. Governance
  1532. </option>
  1533. <option value="115">
  1534. Innovation
  1535. </option>
  1536. <option value="116">
  1537. Investor capability
  1538. </option>
  1539. <option value="117">
  1540. Recruitment
  1541. </option>
  1542. <option value="118">
  1543. Regulation update
  1544. </option>
  1545. <option value="119">
  1546. Regulatory cooperation
  1547. </option>
  1548. <option value="121">
  1549. COVID-19
  1550. </option>
  1551. <option value="122">
  1552. FMA stories
  1553. </option>
  1554. <option value="123">
  1555. Insights
  1556. </option>
  1557. <option value="124">
  1558. Media release
  1559. </option>
  1560. <option value="125">
  1561. Minister release
  1562. </option>
  1563. <option value="126">
  1564. News
  1565. </option>
  1566. <option value="127">
  1567. Reports and Papers
  1568. </option>
  1569. <option value="138">
  1570. Fake regulator
  1571. </option>
  1572. <option value="140">
  1573. Imposter website
  1574. </option>
  1575. <option value="141">
  1576. International regulator alerts
  1577. </option>
  1578. <option value="142">
  1579. Suspected scam
  1580. </option>
  1581. <option value="189">
  1582. Waivers
  1583. </option>
  1584. <option value="190">
  1585. Consultations
  1586. </option>
  1587. <option value="191">
  1588. Exemptions
  1589. </option>
  1590. <option value="198">
  1591. Chief Executive Gifts and Benefits Disclosure
  1592. </option>
  1593. <option value="200">
  1594. FMA Monthly newsletter
  1595. </option>
  1596. <option value="201">
  1597. Speeches and presentations
  1598. </option>
  1599. <option value="202">
  1600. Designated Business Group (DBG)
  1601. </option>
  1602. <option value="204">
  1603. Annual letter of expectations from the Minister
  1604. </option>
  1605. <option value="208">
  1606. Council of financial regulators (CoFR)
  1607. </option>
  1608. <option value="209">
  1609. Declaration
  1610. </option>
  1611. <option value="210">
  1612. Regulatory returns
  1613. </option>
  1614. <option value="211">
  1615. Asia Region Funds Passport Register
  1616. </option>
  1617. <option value="213">
  1618. Nominated representatives
  1619. </option>
  1620. <option value="214">
  1621. Peer to peer
  1622. </option>
  1623. <option value="215">
  1624. Wholesale investing
  1625. </option>
  1626. <option value="216">
  1627. Licensed entity
  1628. </option>
  1629. <option value="221">
  1630. Ethical finance
  1631. </option>
  1632. <option value="222">
  1633. Ethical finance
  1634. </option>
  1635. <option value="223">
  1636. Campaigns
  1637. </option>
  1638. <option value="228">
  1639. Accredited bodies
  1640. </option>
  1641. <option value="229">
  1642. Investing guides
  1643. </option>
  1644. <option value="230">
  1645. Designated business settlements
  1646. </option>
  1647. <option value="232">
  1648. Insurance Providers
  1649. </option>
  1650. <option value="235">
  1651. Climate related disclosure
  1652. </option>
  1653. <option value="236">
  1654. Podcast
  1655. </option>
  1656. <option value="239">
  1657. Consumer banking
  1658. </option>
  1659. <option value="240">
  1660. Opinion
  1661. </option>
  1662. <option value="241">
  1663. Article
  1664. </option>
  1665. <option value="242">
  1666. Conduct of Financial Institutions Bill (CoFI)
  1667. </option>
  1668. <option value="243">
  1669. Events
  1670. </option>
  1671. <option value="244">
  1672. Ethical investing
  1673. </option>
  1674. <option value="245">
  1675. Fintech
  1676. </option>
  1677. <option value="247">
  1678. World Investor Week
  1679. </option>
  1680. <option value="248">
  1681. Offers of financial products
  1682. </option>
  1683. <option value="271">
  1684. Review
  1685. </option>
  1686. <option value="277">
  1687. Financial Institutions
  1688. </option>
  1689. <option value="278">
  1690. Investor warning
  1691. </option>
  1692. <option value="279">
  1693. KiwiSaver Exempt Employer
  1694. </option>
  1695. <option value="280">
  1696. Accredited bodies
  1697. </option>
  1698. <option value="281">
  1699. Administrators of financial benchmarks
  1700. </option>
  1701. <option value="282">
  1702. Auditors
  1703. </option>
  1704. <option value="283">
  1705. Derivative Issuer
  1706. </option>
  1707. <option value="284">
  1708. Discretionary Investment Management Services (DIMS)
  1709. </option>
  1710. <option value="285">
  1711. Independent Trustee
  1712. </option>
  1713. <option value="286">
  1714. DBG
  1715. </option>
  1716. <option value="287">
  1717. Designated bsuiness settlements
  1718. </option>
  1719. <option value="288">
  1720. Managed Investment Schemes
  1721. </option>
  1722. <option value="289">
  1723. Market operator
  1724. </option>
  1725. <option value="290">
  1726. Peer to peer lending provider
  1727. </option>
  1728. <option value="291">
  1729. Supervisors
  1730. </option>
  1731. <option value="292">
  1732. Asia Region Funds Passport
  1733. </option>
  1734. <option value="293">
  1735. Financial Services Legislation Amendment Act (FSLAA)
  1736. </option>
  1737. <option value="294">
  1738. Climate Reporting Entities
  1739. </option>
  1740. <option value="295">
  1741. FMA Outlook
  1742. </option>
  1743. <option value="296">
  1744. Crowdfunding
  1745. </option>
  1746. <option value="297">
  1747. Bank regulatory capital
  1748. </option>
  1749. <option value="298">
  1750. Binary options
  1751. </option>
  1752. <option value="299">
  1753. Bonds
  1754. </option>
  1755. <option value="300">
  1756. Cash investments
  1757. </option>
  1758. <option value="301">
  1759. Crypptocurrencies
  1760. </option>
  1761. <option value="302">
  1762. Derivatives
  1763. </option>
  1764. <option value="303">
  1765. Exchange traded funds (ETFs)
  1766. </option>
  1767. <option value="304">
  1768. Foreign Exchange Trading (Forex)
  1769. </option>
  1770. <option value="305">
  1771. Gold and commodity trading
  1772. </option>
  1773. <option value="306">
  1774. Investment software packages and seminars
  1775. </option>
  1776. <option value="307">
  1777. Managed funds
  1778. </option>
  1779. <option value="308">
  1780. Peer-to-peer lending
  1781. </option>
  1782. <option value="309">
  1783. Property investment
  1784. </option>
  1785. <option value="310">
  1786. Property syndicates
  1787. </option>
  1788. <option value="311">
  1789. Shares
  1790. </option>
  1791. <option value="312">
  1792. Wholesale investments
  1793. </option>
  1794. <option value="314">
  1795. Real life scam stories
  1796. </option>
  1797. </select>
  1798. </div>
  1799. <input type="hidden" name="SubtopicMap" value="{&quot;73&quot;:[74,75,93,94,229,86,222,215,214,92,91,90,89,88,87,76,85,84,83,82,81,80,79,78,77],&quot;72&quot;:[300,314,312,311,310,309,308,307,306,305,304,303,302,301,73,299,298,297,296,278,247,244,239,102,101,100,99,95,74,75,93,94,229,86,222,215,214,92,91,90,89,88,87,76,85,84,83,82,81,80,79,78,77,103,104,96,97,98],&quot;1&quot;:[283,216,221,230,232,235,242,245,277,279,280,281,282,211,284,285,286,287,288,289,290,291,292,293,294,39,25,26,27,28,29,30,31,32,33,34,37,38,2,40,41,42,43,44,45,50,189,190,191,210,16,248,18,17,3,15,14,13,12,11,10,9,8,7,6,4,228,19,20,22,23,24,202,213,21,46,47,48,49,209,61,71,70,69,68,67,66,65,64,63,62,51,60,59,58,57,56,55,54,53,52],&quot;45&quot;:[46,47,48,49,209],&quot;120&quot;:[121,122,123,124,125,126,127,201,223,236,240,241,243,271],&quot;95&quot;:[96,97,98],&quot;2&quot;:[16,248,18,17,3,15,14,13,12,11,10,9,8,7,6,4,228,19,20,22,23,24,202,213,21],&quot;137&quot;:[138,140,141,142],&quot;75&quot;:[86,222,215,214,92,91,90,89,88,87,76,85,84,83,82,81,80,79,78,77],&quot;105&quot;:[116,295,208,204,200,198,119,118,117,106,115,114,113,112,111,109,107]}" class="hidden advanced-search-form__subtopic-map order-1 form-group--no-label" id="AdvancedSearchForm_AdvancedSearchForm_SubtopicMap" />
  1800. <div class="actions form-group advanced-search-form__action-clear-all col-sm-2 col-lg-1 order-last">
  1801. <input type="submit" name="action_ClearAll" value="Clear all" id="AdvancedSearchForm_AdvancedSearchForm_action_ClearAll" class="action advanced-search-form__action-button advanced-search-form__button-clear-all btn-light form-control btn btn-secondary rounded" />
  1802. </div>
  1803. </div>
  1804. <div class="advanced-search-form__sort-container col-sm-4 col-md-3 pl-0 pr-0">
  1805. </div>
  1806. </form>
  1807. </div>
  1808. </div>
  1809. </div>
  1810. </div>
  1811. </header>
  1812. <div class="notification-bar notification-bar--warning">
  1813. <div class="container">
  1814. <div class="row">
  1815. <div class="col-lg-9">
  1816. <div class="notification-bar--item">
  1817. <div class="notification-bar--main">
  1818. <div class="notification-bar--icon">
  1819. <i class="bi bi-exclamation-circle"></i>
  1820. </div>
  1821. <div class="notification-bar--content">
  1822. <span>If you suspect you have been targeted by an investment scam, please contact us.</span>
  1823. <span class="notification-bar--cta">
  1824. <a href="/scams/report-a-scam/" aria-label="Call to action">
  1825. <i class="bi bi-arrow-right-circle"></i>
  1826. </a>
  1827. </span>
  1828. </div>
  1829. </div>
  1830. <button type="button" class="notification-bar--close btn btn-close" aria-label="Close">
  1831. <span>&times;</span>
  1832. </button>
  1833. </div>
  1834. </div>
  1835. </div>
  1836. </div>
  1837. </div>
  1838. <main id="main" class="main" role="main">
  1839. <div class="accept-cookies" aria-hidden="true">
  1840. <div class="container">
  1841. <div class="row">
  1842. <div class="col-auto d-flex flex-row">
  1843. <div class="accept-cookies__text mr-5">
  1844. <p style="line-height: 1.4rem;"><small>Like many organisations, we use technology on our website to collect information that helps us enhance the experience of our site. The cookies we use allow our website to work and help us to better understand what information is most useful to you.</small></p>
  1845. </div>
  1846. <button class="btn-fma-default accept-cookies__button" aria-label="Accept cookie usage">Accept<i class="btn-fma-default__i bi bi-chevron-right"></i></button>
  1847. </div>
  1848. </div>
  1849. </div>
  1850. </div>
  1851. <div class="landing-page">
  1852.  
  1853. <div class="landing-page__top-section">
  1854. <div class="container">
  1855. <div class="row ml-0 mr-0">
  1856.  
  1857. <div class="col-sm-1 col-md-6 col-lg-6 pl-0 pr-0">
  1858. <div class="breadcrumb-section">
  1859. <div class="breadcrumb-section__desktop d-none d-md-block">
  1860. <div class="col text-left pl-0 pr-0" id="Breadcrumbs">
  1861. <nav role="navigation" aria-label="Breadcrumbs">
  1862. <ol class="breadcrumb">
  1863. <li class="breadcrumb-item">
  1864. <a href="https://www.fma.govt.nz/">
  1865. Home
  1866. </a>
  1867. </li>
  1868. <li class="breadcrumb-item active">News &amp; Insights</li>
  1869. </ol>
  1870. </nav>
  1871. </div>
  1872. </div>
  1873. <div class="breadcrumb-section__mobile d-md-none">
  1874. <a href="/" title class="breadcrumb-section__mobile-back"><i class="bi bi-chevron-left"></i>Back</a>
  1875. </div>
  1876. </div>
  1877. </div>
  1878.  
  1879.  
  1880. <div class="col-sm-3 col-md-6 col-lg-3 text-right pl-0 pr-0 date-published">
  1881. <div class="published">
  1882. <span class="published__text">Page last updated: 25 January 2024</span>
  1883. </div>
  1884. </div>
  1885.  
  1886. </div>
  1887. </div>
  1888.  
  1889. </div>
  1890.  
  1891. <div class="container">
  1892. <div class="row landing-page__title-wrap justify-content-between">
  1893. <div class="col-sm-4 col-lg-6 landing-page__content-block">
  1894. <h1 class="landing-page__title">News &amp; Insights</h1>
  1895. </div>
  1896. <div class="d-lg-block d-none landing-page__social-block social-media-block--desktop">
  1897. <div class="social-media-block">
  1898. <header class="social-media-block__element-header">
  1899. <span class="social-media-block__element-title fg-bluedark">
  1900. Keep connected
  1901. </span>
  1902. </header>
  1903. <div class="social-media-block__links">
  1904. <ul class="social-media-block__links-list">
  1905. <li class="social-media-block__social-link-icon social-media-icon-linkedin">
  1906. <a href="https://nz.linkedin.com/company/financial-markets-authority-new-zealand" class="social-media-block__social-link social-media-link-linkedin bg-bluedark" target="_blank">
  1907. <svg alt="Connect with us on LinkedIn" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  1908. <path class="fill" d="M90.6,59.5v30H73.2v-28c0-7-2.5-11.8-8.8-11.8c-4.8,0-7.7,3.2-8.9,6.4c-0.5,1.1-0.6,2.7-0.6,4.2v29.3H37.5c0,0,0.2-47.5,0-52.4h17.4v7.4c0,0.1-0.1,0.1-0.1,0.2h0.1v-0.2C57.2,41,61.3,36,70.6,36C82,36,90.6,43.4,90.6,59.5z M19.2,11.9c-6,0-9.9,3.9-9.9,9c0,5,3.8,9.1,9.6,9.1h0.1c6.1,0,9.9-4,9.9-9.1C28.9,15.8,25.2,11.9,19.2,11.9z M10.4,89.6h17.4V37.2H10.4V89.6z" />
  1909. </svg>
  1910. </a>
  1911. </li>
  1912. <li class="social-media-block__social-link-icon social-media-icon-facebook">
  1913. <a href="https://www.facebook.com/FinancialMarketsAuthority/" class="social-media-block__social-link social-media-link-facebook bg-bluedark" target="_blank">
  1914. <svg alt="Like us on Facebook" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  1915. <path class="fill" d="M38.4,24c0,2.2,0,12,0,12h-8.8v14.7h8.8v43.8h18.1V50.7h12.2c0,0,1.1-7.1,1.7-14.8c-1.6,0-13.8,0-13.8,0s0-8.6,0-10.1c0-1.5,2-3.5,3.9-3.5c2,0,6.1,0,9.9,0c0-2,0-8.9,0-15.3C65.3,7,59.5,7,57,7C38,7,38.4,21.8,38.4,24z" />
  1916. </svg>
  1917. </a>
  1918. </li>
  1919. <li class="social-media-block__social-link-icon social-media-icon-instagram">
  1920. <a href="https://www.instagram.com/fma_nz/" class="social-media-block__social-link social-media-link-instagram bg-bluedark" target="_blank">
  1921. <svg alt="Follow us on Instagram" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  1922. <path class="fill" fill-rule="evenodd" clip-rule="evenodd" d="M50,7C38.1,7,36.6,7.1,32,7.3c-4.7,0.2-7.8,1-10.6,2c-2.9,1.1-5.3,2.6-7.7,5c-2.4,2.4-3.9,4.9-5,7.7c-1.1,2.8-1.8,6-2,10.6c-0.2,4.7-0.3,6.2-0.3,18s0.1,13.4,0.3,18c0.2,4.7,1,7.8,2,10.6c1.1,2.9,2.6,5.3,5,7.7c2.4,2.4,4.9,3.9,7.7,5c2.8,1.1,6,1.8,10.6,2c4.7,0.2,6.2,0.3,18,0.3s13.4-0.1,18-0.3c4.7-0.2,7.8-1,10.6-2c2.9-1.1,5.3-2.6,7.7-5c2.4-2.4,3.9-4.9,5-7.7c1.1-2.8,1.8-6,2-10.6c0.2-4.7,0.3-6.2,0.3-18s-0.1-13.4-0.3-18c-0.2-4.7-1-7.8-2-10.6c-1.1-2.9-2.6-5.3-5-7.7c-2.4-2.4-4.9-3.9-7.7-5c-2.8-1.1-6-1.8-10.6-2C63.4,7,61.9,7,50,7z M50,14.9c11.7,0,13.1,0.1,17.7,0.3c4.3,0.2,6.6,0.9,8.1,1.5c2,0.8,3.5,1.7,5,3.3s2.5,3,3.3,5c0.6,1.5,1.3,3.9,1.5,8.1c0.2,4.6,0.3,6,0.3,17.7s-0.1,13.1-0.3,17.7c-0.2,4.3-0.9,6.6-1.5,8.1c-0.8,2-1.8,3.5-3.3,5c-1.5,1.5-3,2.5-5,3.3c-1.5,0.6-3.9,1.3-8.1,1.5c-4.6,0.2-6,0.3-17.7,0.3s-13.1-0.1-17.7-0.3c-4.3-0.2-6.6-0.9-8.1-1.5c-2.1-0.8-3.5-1.8-5-3.3c-1.5-1.5-2.5-3-3.3-5c-0.6-1.5-1.3-3.9-1.5-8.1c-0.2-4.6-0.2-6-0.2-17.7S14,37.6,14.2,33c0.2-4.3,0.9-6.6,1.5-8.1c0.8-2.1,1.8-3.5,3.3-5s3-2.5,5-3.3c1.5-0.6,3.8-1.3,8.1-1.5c4.6-0.2,6-0.2,17.7-0.2L50,14.9z M50,28.3c-12.4,0-22.5,10.1-22.5,22.5c0,12.4,10.1,22.5,22.5,22.5c12.4,0,22.5-10.1,22.5-22.5C72.5,38.3,62.4,28.3,50,28.3z M50,65.3c-8.1,0-14.6-6.5-14.6-14.6S41.9,36.2,50,36.2s14.6,6.5,14.6,14.6S58.1,65.3,50,65.3z M78.6,27.4c0,2.9-2.4,5.3-5.3,5.3c-2.9,0-5.3-2.4-5.3-5.3s2.4-5.3,5.3-5.3C76.2,22.1,78.6,24.5,78.6,27.4z" />
  1923. </svg>
  1924. </a>
  1925. </li>
  1926. <li class="social-media-block__social-link-icon social-media-icon-youtube">
  1927. <a href="https://www.youtube.com/user/NZFMA" class="social-media-block__social-link social-media-link-youtube bg-bluedark" target="_blank">
  1928. <svg alt="Check out our YouTube Channel" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  1929. <path class="fill" d="M75.2,71h-4.8v-2.8c0-1.3,1-2.2,2.2-2.2h0.3c1.3,0,2.2,1,2.2,2.2L75.2,71z M57.2,65c-1.3,0-2.2,0.8-2.2,1.8v13.6c0,1,1,1.8,2.2,1.8s2.2-0.8,2.2-1.8V66.9C59.4,65.8,58.5,65,57.2,65z M86.5,57.5v25.8c0,6.2-5.3,11.3-12,11.3h-49c-6.6,0-12-5.1-12-11.3V57.5c0-6.2,5.3-11.3,12-11.3h49.1C81.1,46.2,86.5,51.2,86.5,57.5z M28.7,86V58.8h6.1v-4H18.6v4h5.1V86H28.7zM47,62.9h-5.1v14.5c0,2.1,0.1,3.1,0,3.5c-0.4,1.2-2.2,2.3-3,0.1c-0.1-0.4,0-1.6,0-3.5V62.9h-5.1v14.4c0,2.2-0.1,3.9,0,4.6c0.1,1.4,0.1,2.8,1.3,3.7c2.2,1.7,6.6-0.3,7.8-2.6v3H47V62.9L47,62.9z M63.2,79.5V67.5c0-4.6-3.4-7.4-8.2-3.6v-8.9H50v31l4.2-0.1l0.4-1.9C59.8,88.8,63.2,85.4,63.2,79.5z M79.1,78h-3.8c0,0.2,0,0.3,0,0.5v2.1c0,1.2-1,2-2,2h-0.8c-1.2,0-2-1-2-2v-0.2V78v-2.9h8.7v-3.3c0-2.4-0.1-4.8-0.3-6.1c-0.6-4.4-6.7-5.1-9.8-2.8c-1,0.7-1.7,1.7-2.1,2.8c-0.4,1.3-0.7,2.9-0.7,5.2V78C66.2,89.9,80.8,88.3,79.1,78z M59.5,38.8c0.3,0.7,0.7,1.2,1.3,1.6c0.6,0.4,1.3,0.6,2,0.6c0.8,0,1.4-0.2,1.9-0.6c0.6-0.4,1.1-1,1.5-1.8l-0.1,1.9h5.6v-24h-4.5v18.8c0,1-0.9,1.8-1.8,1.8s-1.8-0.9-1.8-1.8V16.4h-4.7v16.2c0,2,0,3.4,0.1,4.2C59.1,37.5,59.3,38.2,59.5,38.8z M42.4,25.3c0-2.3,0.2-4.1,0.6-5.4c0.4-1.3,1.1-2.3,2-3.1c1-0.8,2.2-1.2,3.8-1.2c1.3,0,2.4,0.3,3.4,0.8c1,0.5,1.7,1.2,2.1,1.9c0.5,0.8,0.9,1.7,1.1,2.5c0.2,0.9,0.3,2.1,0.3,3.9v6.1c0,2.2-0.1,3.9-0.3,5c-0.2,1.1-0.6,2-1.1,2.9c-0.6,0.9-1.3,1.6-2.1,2c-0.9,0.4-1.9,0.7-3.1,0.7c-1.3,0-2.3-0.2-3.3-0.6c-0.9-0.4-1.6-1-2-1.7c-0.5-0.8-0.9-1.7-1.1-2.7c-0.2-1.1-0.3-2.6-0.3-4.8V25.3L42.4,25.3z M46.9,34.8c0,1.4,1,2.4,2.2,2.4c1.3,0,2.2-1.1,2.2-2.4V22c0-1.4-1-2.4-2.2-2.4c-1.3,0-2.2,1.1-2.2,2.4V34.8z M31.2,41.2h5.3V22.8L42.9,7h-5.8l-3.3,11.8L30.3,7h-5.7l6.7,15.8V41.2z" />
  1930. </svg>
  1931. </a>
  1932. </li>
  1933. <li class="social-media-block__social-link-icon social-media-icon-email">
  1934. <a href="https://www.fma.govt.nz/subscribe-to-fma-news-and-alerts/" class="social-media-block__social-link social-media-link-email bg-bluedark" target="_blank">
  1935. <svg alt="Contact us by Email" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  1936. <path class="fill" d="M88 29.6C88 25.64 84.4 22.4 80 22.4L16 22.4C11.6 22.4 8 25.64 8 29.6L8 72.8C8 76.76 11.6 80 16 80L80 80C84.4 80 88 76.76 88 72.8L88 29.6ZM80 29.6 48 47.6 16 29.6 80 29.6ZM80 72.8 16 72.8 16 36.8 48 54.8 80 36.8 80 72.8Z" />
  1937. </svg>
  1938. </a>
  1939. </li>
  1940. </ul>
  1941. </div>
  1942. </div>
  1943. </div>
  1944. </div>
  1945. </div>
  1946.  
  1947. <div class="container">
  1948. <div class="row">
  1949.  
  1950. <div class="elemental-block-area landing-page__elemental-area">
  1951. <div class="element datacom__fmasite__models__elements__elementnewsmulti" id="e4963">
  1952. <div class="news-multi">
  1953.  
  1954. <div class="news-multi__wrap news-multi__wrap--layout-1 row ml-0 mr-0">
  1955. <div class="row news-multi__wrap--layout-1-row ml-0 mr-0">
  1956.  
  1957. <div class="news-single col-sm-4 col-md-6 col-lg-3 col-xl-3">
  1958. <div class="news-single__wrap news-single__wrap--green-primary">
  1959. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/fma-appoints-louise-unger/" class="news-single__featured-image" style="background-image: url(/assets/images/FMA-people/Executive-team/Louise-Unger-min.png);" aria-label="click to read the news"></a>
  1960. <div class="news-single__meta-data--wrap row ml-0 mr-0">
  1961. <div class="news-single__meta-data-parent-title col-2 pr-0 pl-0">
  1962. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/" class="news-single__meta-data-parent-title--link news-single__meta-data-parent-title--link-green-primary">Media releases</a>
  1963. </div>
  1964. <div class="news-single__meta-data-date col-2 pr-0 pl-4 text-right">18 Apr 2024</div>
  1965. </div>
  1966. <div class="news-single__post-title col pr-0">
  1967. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/fma-appoints-louise-unger/" class="news-single__post-title--link">FMA appoints Louise Unger as Executive Director, Response and Enforcement </a>
  1968. </div>
  1969. <div class="news-single__post-description col pr-0 news-single__post-description--green-primary">
  1970. The FMA today confirmed the appointment of Louise Unger to join the FMA’s executive leadership team as Executive Director for Response and Enforceme ...
  1971. </div>
  1972. </div>
  1973. </div>
  1974.  
  1975.  
  1976. <div class="news-single col-sm-4 col-md-6 col-lg-3 col-xl-3">
  1977. <div class="news-single__wrap news-single__wrap--green-primary">
  1978. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/fma-cancels-crowdfunding-services-licence-for-equitise/" class="news-single__featured-image" style="background-image: url(/assets/images/thumbnails/Cancelled-licence-min.png);" aria-label="click to read the news"></a>
  1979. <div class="news-single__meta-data--wrap row ml-0 mr-0">
  1980. <div class="news-single__meta-data-parent-title col-2 pr-0 pl-0">
  1981. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/" class="news-single__meta-data-parent-title--link news-single__meta-data-parent-title--link-green-primary">Media releases</a>
  1982. </div>
  1983. <div class="news-single__meta-data-date col-2 pr-0 pl-4 text-right">17 Apr 2024</div>
  1984. </div>
  1985. <div class="news-single__post-title col pr-0">
  1986. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/fma-cancels-crowdfunding-services-licence-for-equitise/" class="news-single__post-title--link">FMA cancels crowdfunding services licence for Equitise </a>
  1987. </div>
  1988. <div class="news-single__post-description col pr-0 news-single__post-description--green-primary">
  1989. The FMA has cancelled the crowdfunding services licence of Equitise Pty Ltd (Equitise). The cancellation took effect on 3 April 2024.
  1990. </div>
  1991. </div>
  1992. </div>
  1993.  
  1994.  
  1995. <div class="news-single col-sm-4 col-md-6 col-lg-3 col-xl-3">
  1996. <div class="news-single__wrap news-single__wrap--green-primary">
  1997. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/new-standard-condition-plus-new-process-for-reporting-operational-incidents/" class="news-single__featured-image" style="background-image: url(/assets/images/thumbnails/Cyber-resilience-v2.png);" aria-label="click to read the news"></a>
  1998. <div class="news-single__meta-data--wrap row ml-0 mr-0">
  1999. <div class="news-single__meta-data-parent-title col-2 pr-0 pl-0">
  2000. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/" class="news-single__meta-data-parent-title--link news-single__meta-data-parent-title--link-green-primary">Media releases</a>
  2001. </div>
  2002. <div class="news-single__meta-data-date col-2 pr-0 pl-4 text-right">08 Apr 2024</div>
  2003. </div>
  2004. <div class="news-single__post-title col pr-0">
  2005. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/new-standard-condition-plus-new-process-for-reporting-operational-incidents/" class="news-single__post-title--link">FMA introduces new standard condition on business continuity and technology systems plus new process for reporting operational incidents </a>
  2006. </div>
  2007. <div class="news-single__post-description col pr-0 news-single__post-description--green-primary">
  2008. The FMA is introducing a new standard condition for certain market licence holders following consultation. The new licence condition will focus on bus ...
  2009. </div>
  2010. </div>
  2011. </div>
  2012.  
  2013.  
  2014. <div class="news-single col-sm-4 col-md-6 col-lg-3 col-xl-3">
  2015. <div class="news-single__wrap news-single__wrap--green-primary">
  2016. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/consultation-on-potential-class-exemption-for-green-bonds/" class="news-single__featured-image" style="background-image: url(/assets/images/thumbnails/Climate-related-3.png);" aria-label="click to read the news"></a>
  2017. <div class="news-single__meta-data--wrap row ml-0 mr-0">
  2018. <div class="news-single__meta-data-parent-title col-2 pr-0 pl-0">
  2019. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/" class="news-single__meta-data-parent-title--link news-single__meta-data-parent-title--link-green-primary">Media releases</a>
  2020. </div>
  2021. <div class="news-single__meta-data-date col-2 pr-0 pl-4 text-right">02 Apr 2024</div>
  2022. </div>
  2023. <div class="news-single__post-title col pr-0">
  2024. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/consultation-on-potential-class-exemption-for-green-bonds/" class="news-single__post-title--link">FMA opens consultation on potential class exemption for certain green, social, sustainability, and sustainability-linked bonds </a>
  2025. </div>
  2026. <div class="news-single__post-description col pr-0 news-single__post-description--green-primary">
  2027. FMA issues a consultation in response to industry request for a more efficient route to market for green, social and sustainability bonds.
  2028. </div>
  2029. </div>
  2030. </div>
  2031.  
  2032.  
  2033. <div class="news-single col-sm-4 col-md-6 col-lg-3 col-xl-3">
  2034. <div class="news-single__wrap news-single__wrap--blue">
  2035. <a href="https://www.fma.govt.nz/library/opinion/gen-ai/" class="news-single__featured-image" style="background-image: url(/assets/images/FMA-people/Executive-team/Daniel-Trinder.png);" aria-label="click to read the news"></a>
  2036. <div class="news-single__meta-data--wrap row ml-0 mr-0">
  2037. <div class="news-single__meta-data-parent-title col-2 pr-0 pl-0">
  2038. <a href="https://www.fma.govt.nz/library/opinion/" class="news-single__meta-data-parent-title--link news-single__meta-data-parent-title--link-blue">Opinion</a>
  2039. </div>
  2040. <div class="news-single__meta-data-date col-2 pr-0 pl-4 text-right">28 Mar 2024</div>
  2041. </div>
  2042. <div class="news-single__post-title col pr-0">
  2043. <a href="https://www.fma.govt.nz/library/opinion/gen-ai/" class="news-single__post-title--link">Gen AI: Industry engagement essential to understand how Gen AI is achieving positive consumer and market outcomes as well as how risks are being managed by firms </a>
  2044. </div>
  2045. <div class="news-single__post-description col pr-0 news-single__post-description--blue">
  2046. Daniel Trinder, Executive Director Strategy and Design at the FMA talks about regulation of Generative Artificial Intelligence.
  2047. </div>
  2048. </div>
  2049. </div>
  2050.  
  2051.  
  2052. <div class="news-single col-sm-4 col-md-6 col-lg-3 col-xl-3">
  2053. <div class="news-single__wrap news-single__wrap--green-primary">
  2054. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/fma-warns-southern-cross/" class="news-single__featured-image" style="background-image: url(/assets/images/Enforcement/formal-warning-min.png);" aria-label="click to read the news"></a>
  2055. <div class="news-single__meta-data--wrap row ml-0 mr-0">
  2056. <div class="news-single__meta-data-parent-title col-2 pr-0 pl-0">
  2057. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/" class="news-single__meta-data-parent-title--link news-single__meta-data-parent-title--link-green-primary">Media releases</a>
  2058. </div>
  2059. <div class="news-single__meta-data-date col-2 pr-0 pl-4 text-right">26 Mar 2024</div>
  2060. </div>
  2061. <div class="news-single__post-title col pr-0">
  2062. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/fma-warns-southern-cross/" class="news-single__post-title--link">FMA warns Southern Cross Medical Care Society and Southern Cross Pet Insurance for Financial Markets legislation breaches </a>
  2063. </div>
  2064. <div class="news-single__post-description col pr-0 news-single__post-description--green-primary">
  2065. FMA has issued warnings to Southern Cross Medical Care Society (SCMCS) and Southern Cross Pet Insurance (SPCI) for failing to apply advertised discoun ...
  2066. </div>
  2067. </div>
  2068. </div>
  2069.  
  2070.  
  2071. <div class="news-single col-sm-4 col-md-6 col-lg-3 col-xl-3">
  2072. <div class="news-single__wrap news-single__wrap--green-primary">
  2073. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/cbl-managing-director-peter-harris-agrees-enforceable-undertaking/" class="news-single__featured-image" style="background-image: url(/assets/images/Enforcement/Sentencing.png);" aria-label="click to read the news"></a>
  2074. <div class="news-single__meta-data--wrap row ml-0 mr-0">
  2075. <div class="news-single__meta-data-parent-title col-2 pr-0 pl-0">
  2076. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/" class="news-single__meta-data-parent-title--link news-single__meta-data-parent-title--link-green-primary">Media releases</a>
  2077. </div>
  2078. <div class="news-single__meta-data-date col-2 pr-0 pl-4 text-right">25 Mar 2024</div>
  2079. </div>
  2080. <div class="news-single__post-title col pr-0">
  2081. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/cbl-managing-director-peter-harris-agrees-enforceable-undertaking/" class="news-single__post-title--link">CBL managing director Peter Harris admits continuous disclosure and fair dealing contraventions and agrees Enforceable Undertaking </a>
  2082. </div>
  2083. <div class="news-single__post-description col pr-0 news-single__post-description--green-primary">
  2084. The FMA has reached agreement with former CBL Corporation Limited (In Liquidation) (CBLC) managing director Peter Harris on claims relating to continu ...
  2085. </div>
  2086. </div>
  2087. </div>
  2088.  
  2089.  
  2090. <div class="news-single col-sm-4 col-md-6 col-lg-3 col-xl-3">
  2091. <div class="news-single__wrap news-single__wrap--green-primary">
  2092. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/natalie-carter-sentenced/" class="news-single__featured-image" style="background-image: url(/assets/images/Enforcement/gavel-judge.png);" aria-label="click to read the news"></a>
  2093. <div class="news-single__meta-data--wrap row ml-0 mr-0">
  2094. <div class="news-single__meta-data-parent-title col-2 pr-0 pl-0">
  2095. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/" class="news-single__meta-data-parent-title--link news-single__meta-data-parent-title--link-green-primary">Media releases</a>
  2096. </div>
  2097. <div class="news-single__meta-data-date col-2 pr-0 pl-4 text-right">13 Mar 2024</div>
  2098. </div>
  2099. <div class="news-single__post-title col pr-0">
  2100. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/natalie-carter-sentenced/" class="news-single__post-title--link">Natalie Carter sentenced to 12 months home detention for forgery and financial markets legislation offences </a>
  2101. </div>
  2102. <div class="news-single__post-description col pr-0 news-single__post-description--green-primary">
  2103. Natalie Ann Carter, a former Hawke’s Bay-based mortgage broker, has been sentenced to 12 months home detention following a criminal prosecution brou ...
  2104. </div>
  2105. </div>
  2106. </div>
  2107.  
  2108.  
  2109. <div class="news-single col-sm-4 col-md-6 col-lg-3 col-xl-3">
  2110. <div class="news-single__wrap news-single__wrap--blue">
  2111. <a href="https://www.fma.govt.nz/library/articles/money-with-mary/" class="news-single__featured-image" style="background-image: url(/assets/images/Consumer/Money-with-Mary-high-res-min.png);" aria-label="click to read the news"></a>
  2112. <div class="news-single__meta-data--wrap row ml-0 mr-0">
  2113. <div class="news-single__meta-data-parent-title col-2 pr-0 pl-0">
  2114. <a href="https://www.fma.govt.nz/library/articles/" class="news-single__meta-data-parent-title--link news-single__meta-data-parent-title--link-blue">Articles</a>
  2115. </div>
  2116. <div class="news-single__meta-data-date col-2 pr-0 pl-4 text-right">08 Mar 2024</div>
  2117. </div>
  2118. <div class="news-single__post-title col pr-0">
  2119. <a href="https://www.fma.govt.nz/library/articles/money-with-mary/" class="news-single__post-title--link">Money with Mary</a>
  2120. </div>
  2121. <div class="news-single__post-description col pr-0 news-single__post-description--blue">
  2122. In our series “Money with Mary,” personal finance legend Mary Holm shares practical tips on a variety of money matters.
  2123. </div>
  2124. </div>
  2125. </div>
  2126.  
  2127.  
  2128. <div class="news-single col-sm-4 col-md-6 col-lg-3 col-xl-3">
  2129. <div class="news-single__wrap news-single__wrap--green-primary">
  2130. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/fma-files-proceedings-against-tower-limited/" class="news-single__featured-image" style="background-image: url(/assets/images/Enforcement/criminal-proceedings.png);" aria-label="click to read the news"></a>
  2131. <div class="news-single__meta-data--wrap row ml-0 mr-0">
  2132. <div class="news-single__meta-data-parent-title col-2 pr-0 pl-0">
  2133. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/" class="news-single__meta-data-parent-title--link news-single__meta-data-parent-title--link-green-primary">Media releases</a>
  2134. </div>
  2135. <div class="news-single__meta-data-date col-2 pr-0 pl-4 text-right">07 Mar 2024</div>
  2136. </div>
  2137. <div class="news-single__post-title col pr-0">
  2138. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/fma-files-proceedings-against-tower-limited/" class="news-single__post-title--link">FMA files proceedings against Tower Limited for alleged fair dealing breaches </a>
  2139. </div>
  2140. <div class="news-single__post-description col pr-0 news-single__post-description--green-primary">
  2141. FMA has filed civil proceedings against Tower Limited (Tower) for failing to apply multi policy discounts to eligible customers’ premiums, resulting ...
  2142. </div>
  2143. </div>
  2144. </div>
  2145.  
  2146.  
  2147. <div class="news-single col-sm-4 col-md-6 col-lg-3 col-xl-3">
  2148. <div class="news-single__wrap news-single__wrap--yellow">
  2149. <a href="https://www.fma.govt.nz/library/speeches-and-presentations/speech-by-samantha-barrass-at-financial-advice-new-zealand-thrive-conference/" class="news-single__featured-image" style="background-image: url(/assets/images/FMA-people/Executive-team/Samantha-Barrass_10_Resampled.png);" aria-label="click to read the news"></a>
  2150. <div class="news-single__meta-data--wrap row ml-0 mr-0">
  2151. <div class="news-single__meta-data-parent-title col-2 pr-0 pl-0">
  2152. <a href="https://www.fma.govt.nz/library/speeches-and-presentations/" class="news-single__meta-data-parent-title--link news-single__meta-data-parent-title--link-yellow">Speeches &amp; presentations</a>
  2153. </div>
  2154. <div class="news-single__meta-data-date col-2 pr-0 pl-4 text-right">05 Mar 2024</div>
  2155. </div>
  2156. <div class="news-single__post-title col pr-0">
  2157. <a href="https://www.fma.govt.nz/library/speeches-and-presentations/speech-by-samantha-barrass-at-financial-advice-new-zealand-thrive-conference/" class="news-single__post-title--link">Speech by Samantha Barrass at Financial Advice New Zealand Thrive Conference</a>
  2158. </div>
  2159. <div class="news-single__post-description col pr-0 news-single__post-description--yellow">
  2160. Samantha Barrass talks to Financial Advice New Zealand (FANZ) about the future of financial advice and the quest for better customer outcomes.
  2161. </div>
  2162. </div>
  2163. </div>
  2164.  
  2165.  
  2166. <div class="news-single col-sm-4 col-md-6 col-lg-3 col-xl-3">
  2167. <div class="news-single__wrap news-single__wrap--green-primary">
  2168. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/yuen-pok-paul-loo-sentenced/" class="news-single__featured-image" style="background-image: url(/assets/images/Enforcement/Sentencing.png);" aria-label="click to read the news"></a>
  2169. <div class="news-single__meta-data--wrap row ml-0 mr-0">
  2170. <div class="news-single__meta-data-parent-title col-2 pr-0 pl-0">
  2171. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/" class="news-single__meta-data-parent-title--link news-single__meta-data-parent-title--link-green-primary">Media releases</a>
  2172. </div>
  2173. <div class="news-single__meta-data-date col-2 pr-0 pl-4 text-right">08 Feb 2024</div>
  2174. </div>
  2175. <div class="news-single__post-title col pr-0">
  2176. <a href="https://www.fma.govt.nz/news/all-releases/media-releases/yuen-pok-paul-loo-sentenced/" class="news-single__post-title--link">Yuen Pok (Paul) Loo sentenced for forgery and financial markets legislation offences </a>
  2177. </div>
  2178. <div class="news-single__post-description col pr-0 news-single__post-description--green-primary">
  2179. Yuen Pok (Paul) Loo has been sentenced in the Manukau District Court following a prosecution brought by the FMA.
  2180. </div>
  2181. </div>
  2182. </div>
  2183.  
  2184. </div>
  2185. </div>
  2186.  
  2187. </div>
  2188. </div>
  2189. <div class="element datacom__fmasite__models__elements__elementcontentstoriesnine" id="e4981">
  2190. <div class="content-stories-nine content-stories-nine--blue">
  2191. <div class="container">
  2192. <div class="content-stories-nine__row row">
  2193. <div class="col-sm-4 col-md-6 col-lg-12 align-items-center">
  2194. <h2 class="content-stories-nine__title">Find out more</h2>
  2195. </div>
  2196. </div>
  2197. <div class="content-stories-nine__row row">
  2198. <div class="content-stories-nine__col col-sm-4 col-md-6 col-lg-3">
  2199. <div class="content-stories-nine__item">
  2200. <a href="/news/all-releases/media-releases/" target class="content-stories-nine__link content-stories-nine__link--page">
  2201. <div class="content-stories-nine__content-wrapper">
  2202. <div class="content-stories-nine__content">
  2203. <p><strong>Media Releases</strong></p>
  2204. <p>Keep up to date with announcements, statements and media releases.&nbsp;</p>
  2205. </div>
  2206. <i class="content-stories-nine__chevron-icon bi bi-chevron-right"></i>
  2207. </div>
  2208. </a>
  2209. </div>
  2210. </div>
  2211. <div class="content-stories-nine__col col-sm-4 col-md-6 col-lg-3">
  2212. <div class="content-stories-nine__item">
  2213. <a href="/news/reports/" target class="content-stories-nine__link content-stories-nine__link--page">
  2214. <div class="content-stories-nine__content-wrapper">
  2215. <div class="content-stories-nine__content">
  2216. <p><strong>Reports and papers</strong></p>
  2217. <p>Keep up to date with all reports and papers published by the FMA.</p>
  2218. </div>
  2219. <i class="content-stories-nine__chevron-icon bi bi-chevron-right"></i>
  2220. </div>
  2221. </a>
  2222. </div>
  2223. </div>
  2224. <div class="content-stories-nine__col col-sm-4 col-md-6 col-lg-3">
  2225. <div class="content-stories-nine__item">
  2226. <a href="/subscribe-to-fma-news-and-alerts/" target class="content-stories-nine__link content-stories-nine__link--page">
  2227. <div class="content-stories-nine__content-wrapper">
  2228. <div class="content-stories-nine__content">
  2229. <p><strong>Subscribe to updates</strong></p><p>Stay up to date with FMA news and alert emails direct to your inbox.</p>
  2230. </div>
  2231. <i class="content-stories-nine__chevron-icon bi bi-chevron-right"></i>
  2232. </div>
  2233. </a>
  2234. </div>
  2235. </div>
  2236. </div>
  2237. </div>
  2238. </div>
  2239. </div>
  2240. </div>
  2241.  
  2242. </div>
  2243. </div>
  2244.  
  2245. <div class="container">
  2246. <div class="row justify-content-center">
  2247. <div class="d-sm-block d-md-none d-lg-none d-xl-none landing-page__social-block">
  2248. <div class="social-media-block social-media-block--mobile">
  2249. <header class="social-media-block__element-header">
  2250. <span class="social-media-block__element-title social-media-block__element-title--mobile fg-bluedark">
  2251. Keep connected
  2252. </span>
  2253. </header>
  2254. <div class="social-media-block__links">
  2255. <ul class="social-media-block__links-list">
  2256. <li class="social-media-block__social-link-icon social-media-icon-linkedin">
  2257. <a href="https://nz.linkedin.com/company/financial-markets-authority-new-zealand" class="social-media-block__social-link social-media-link-linkedin bg-bluedark" target="_blank">
  2258. <svg alt="Connect with us on LinkedIn" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  2259. <path class="fill" d="M90.6,59.5v30H73.2v-28c0-7-2.5-11.8-8.8-11.8c-4.8,0-7.7,3.2-8.9,6.4c-0.5,1.1-0.6,2.7-0.6,4.2v29.3H37.5c0,0,0.2-47.5,0-52.4h17.4v7.4c0,0.1-0.1,0.1-0.1,0.2h0.1v-0.2C57.2,41,61.3,36,70.6,36C82,36,90.6,43.4,90.6,59.5z M19.2,11.9c-6,0-9.9,3.9-9.9,9c0,5,3.8,9.1,9.6,9.1h0.1c6.1,0,9.9-4,9.9-9.1C28.9,15.8,25.2,11.9,19.2,11.9z M10.4,89.6h17.4V37.2H10.4V89.6z" />
  2260. </svg>
  2261. </a>
  2262. </li>
  2263. <li class="social-media-block__social-link-icon social-media-icon-facebook">
  2264. <a href="https://www.facebook.com/FinancialMarketsAuthority/" class="social-media-block__social-link social-media-link-facebook bg-bluedark" target="_blank">
  2265. <svg alt="Like us on Facebook" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  2266. <path class="fill" d="M38.4,24c0,2.2,0,12,0,12h-8.8v14.7h8.8v43.8h18.1V50.7h12.2c0,0,1.1-7.1,1.7-14.8c-1.6,0-13.8,0-13.8,0s0-8.6,0-10.1c0-1.5,2-3.5,3.9-3.5c2,0,6.1,0,9.9,0c0-2,0-8.9,0-15.3C65.3,7,59.5,7,57,7C38,7,38.4,21.8,38.4,24z" />
  2267. </svg>
  2268. </a>
  2269. </li>
  2270. <li class="social-media-block__social-link-icon social-media-icon-instagram">
  2271. <a href="https://www.instagram.com/fma_nz/" class="social-media-block__social-link social-media-link-instagram bg-bluedark" target="_blank">
  2272. <svg alt="Follow us on Instagram" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  2273. <path class="fill" fill-rule="evenodd" clip-rule="evenodd" d="M50,7C38.1,7,36.6,7.1,32,7.3c-4.7,0.2-7.8,1-10.6,2c-2.9,1.1-5.3,2.6-7.7,5c-2.4,2.4-3.9,4.9-5,7.7c-1.1,2.8-1.8,6-2,10.6c-0.2,4.7-0.3,6.2-0.3,18s0.1,13.4,0.3,18c0.2,4.7,1,7.8,2,10.6c1.1,2.9,2.6,5.3,5,7.7c2.4,2.4,4.9,3.9,7.7,5c2.8,1.1,6,1.8,10.6,2c4.7,0.2,6.2,0.3,18,0.3s13.4-0.1,18-0.3c4.7-0.2,7.8-1,10.6-2c2.9-1.1,5.3-2.6,7.7-5c2.4-2.4,3.9-4.9,5-7.7c1.1-2.8,1.8-6,2-10.6c0.2-4.7,0.3-6.2,0.3-18s-0.1-13.4-0.3-18c-0.2-4.7-1-7.8-2-10.6c-1.1-2.9-2.6-5.3-5-7.7c-2.4-2.4-4.9-3.9-7.7-5c-2.8-1.1-6-1.8-10.6-2C63.4,7,61.9,7,50,7z M50,14.9c11.7,0,13.1,0.1,17.7,0.3c4.3,0.2,6.6,0.9,8.1,1.5c2,0.8,3.5,1.7,5,3.3s2.5,3,3.3,5c0.6,1.5,1.3,3.9,1.5,8.1c0.2,4.6,0.3,6,0.3,17.7s-0.1,13.1-0.3,17.7c-0.2,4.3-0.9,6.6-1.5,8.1c-0.8,2-1.8,3.5-3.3,5c-1.5,1.5-3,2.5-5,3.3c-1.5,0.6-3.9,1.3-8.1,1.5c-4.6,0.2-6,0.3-17.7,0.3s-13.1-0.1-17.7-0.3c-4.3-0.2-6.6-0.9-8.1-1.5c-2.1-0.8-3.5-1.8-5-3.3c-1.5-1.5-2.5-3-3.3-5c-0.6-1.5-1.3-3.9-1.5-8.1c-0.2-4.6-0.2-6-0.2-17.7S14,37.6,14.2,33c0.2-4.3,0.9-6.6,1.5-8.1c0.8-2.1,1.8-3.5,3.3-5s3-2.5,5-3.3c1.5-0.6,3.8-1.3,8.1-1.5c4.6-0.2,6-0.2,17.7-0.2L50,14.9z M50,28.3c-12.4,0-22.5,10.1-22.5,22.5c0,12.4,10.1,22.5,22.5,22.5c12.4,0,22.5-10.1,22.5-22.5C72.5,38.3,62.4,28.3,50,28.3z M50,65.3c-8.1,0-14.6-6.5-14.6-14.6S41.9,36.2,50,36.2s14.6,6.5,14.6,14.6S58.1,65.3,50,65.3z M78.6,27.4c0,2.9-2.4,5.3-5.3,5.3c-2.9,0-5.3-2.4-5.3-5.3s2.4-5.3,5.3-5.3C76.2,22.1,78.6,24.5,78.6,27.4z" />
  2274. </svg>
  2275. </a>
  2276. </li>
  2277. <li class="social-media-block__social-link-icon social-media-icon-youtube">
  2278. <a href="https://www.youtube.com/user/NZFMA" class="social-media-block__social-link social-media-link-youtube bg-bluedark" target="_blank">
  2279. <svg alt="Check out our YouTube Channel" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  2280. <path class="fill" d="M75.2,71h-4.8v-2.8c0-1.3,1-2.2,2.2-2.2h0.3c1.3,0,2.2,1,2.2,2.2L75.2,71z M57.2,65c-1.3,0-2.2,0.8-2.2,1.8v13.6c0,1,1,1.8,2.2,1.8s2.2-0.8,2.2-1.8V66.9C59.4,65.8,58.5,65,57.2,65z M86.5,57.5v25.8c0,6.2-5.3,11.3-12,11.3h-49c-6.6,0-12-5.1-12-11.3V57.5c0-6.2,5.3-11.3,12-11.3h49.1C81.1,46.2,86.5,51.2,86.5,57.5z M28.7,86V58.8h6.1v-4H18.6v4h5.1V86H28.7zM47,62.9h-5.1v14.5c0,2.1,0.1,3.1,0,3.5c-0.4,1.2-2.2,2.3-3,0.1c-0.1-0.4,0-1.6,0-3.5V62.9h-5.1v14.4c0,2.2-0.1,3.9,0,4.6c0.1,1.4,0.1,2.8,1.3,3.7c2.2,1.7,6.6-0.3,7.8-2.6v3H47V62.9L47,62.9z M63.2,79.5V67.5c0-4.6-3.4-7.4-8.2-3.6v-8.9H50v31l4.2-0.1l0.4-1.9C59.8,88.8,63.2,85.4,63.2,79.5z M79.1,78h-3.8c0,0.2,0,0.3,0,0.5v2.1c0,1.2-1,2-2,2h-0.8c-1.2,0-2-1-2-2v-0.2V78v-2.9h8.7v-3.3c0-2.4-0.1-4.8-0.3-6.1c-0.6-4.4-6.7-5.1-9.8-2.8c-1,0.7-1.7,1.7-2.1,2.8c-0.4,1.3-0.7,2.9-0.7,5.2V78C66.2,89.9,80.8,88.3,79.1,78z M59.5,38.8c0.3,0.7,0.7,1.2,1.3,1.6c0.6,0.4,1.3,0.6,2,0.6c0.8,0,1.4-0.2,1.9-0.6c0.6-0.4,1.1-1,1.5-1.8l-0.1,1.9h5.6v-24h-4.5v18.8c0,1-0.9,1.8-1.8,1.8s-1.8-0.9-1.8-1.8V16.4h-4.7v16.2c0,2,0,3.4,0.1,4.2C59.1,37.5,59.3,38.2,59.5,38.8z M42.4,25.3c0-2.3,0.2-4.1,0.6-5.4c0.4-1.3,1.1-2.3,2-3.1c1-0.8,2.2-1.2,3.8-1.2c1.3,0,2.4,0.3,3.4,0.8c1,0.5,1.7,1.2,2.1,1.9c0.5,0.8,0.9,1.7,1.1,2.5c0.2,0.9,0.3,2.1,0.3,3.9v6.1c0,2.2-0.1,3.9-0.3,5c-0.2,1.1-0.6,2-1.1,2.9c-0.6,0.9-1.3,1.6-2.1,2c-0.9,0.4-1.9,0.7-3.1,0.7c-1.3,0-2.3-0.2-3.3-0.6c-0.9-0.4-1.6-1-2-1.7c-0.5-0.8-0.9-1.7-1.1-2.7c-0.2-1.1-0.3-2.6-0.3-4.8V25.3L42.4,25.3z M46.9,34.8c0,1.4,1,2.4,2.2,2.4c1.3,0,2.2-1.1,2.2-2.4V22c0-1.4-1-2.4-2.2-2.4c-1.3,0-2.2,1.1-2.2,2.4V34.8z M31.2,41.2h5.3V22.8L42.9,7h-5.8l-3.3,11.8L30.3,7h-5.7l6.7,15.8V41.2z" />
  2281. </svg>
  2282. </a>
  2283. </li>
  2284. <li class="social-media-block__social-link-icon social-media-icon-email">
  2285. <a href="https://www.fma.govt.nz/subscribe-to-fma-news-and-alerts/" class="social-media-block__social-link social-media-link-email bg-bluedark" target="_blank">
  2286. <svg alt="Contact us by Email" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  2287. <path class="fill" d="M88 29.6C88 25.64 84.4 22.4 80 22.4L16 22.4C11.6 22.4 8 25.64 8 29.6L8 72.8C8 76.76 11.6 80 16 80L80 80C84.4 80 88 76.76 88 72.8L88 29.6ZM80 29.6 48 47.6 16 29.6 80 29.6ZM80 72.8 16 72.8 16 36.8 48 54.8 80 36.8 80 72.8Z" />
  2288. </svg>
  2289. </a>
  2290. </li>
  2291. </ul>
  2292. </div>
  2293. </div>
  2294. </div>
  2295. <div class="d-md-block d-none d-lg-none d-xl-none landing-page__social-block">
  2296. <div class="social-media-block social-media-block--pad">
  2297. <header class="social-media-block__element-header">
  2298. <span class="social-media-block__element-title social-media-block__element-title--pad fg-bluedark">
  2299. Keep connected
  2300. </span>
  2301. </header>
  2302. <div class="social-media-block__links">
  2303. <ul class="social-media-block__links-list">
  2304. <li class="social-media-block__social-link-icon social-media-icon-linkedin">
  2305. <a href="https://nz.linkedin.com/company/financial-markets-authority-new-zealand" class="social-media-block__social-link social-media-link-linkedin bg-bluedark" target="_blank">
  2306. <svg alt="Connect with us on LinkedIn" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  2307. <path class="fill" d="M90.6,59.5v30H73.2v-28c0-7-2.5-11.8-8.8-11.8c-4.8,0-7.7,3.2-8.9,6.4c-0.5,1.1-0.6,2.7-0.6,4.2v29.3H37.5c0,0,0.2-47.5,0-52.4h17.4v7.4c0,0.1-0.1,0.1-0.1,0.2h0.1v-0.2C57.2,41,61.3,36,70.6,36C82,36,90.6,43.4,90.6,59.5z M19.2,11.9c-6,0-9.9,3.9-9.9,9c0,5,3.8,9.1,9.6,9.1h0.1c6.1,0,9.9-4,9.9-9.1C28.9,15.8,25.2,11.9,19.2,11.9z M10.4,89.6h17.4V37.2H10.4V89.6z" />
  2308. </svg>
  2309. </a>
  2310. </li>
  2311. <li class="social-media-block__social-link-icon social-media-icon-facebook">
  2312. <a href="https://www.facebook.com/FinancialMarketsAuthority/" class="social-media-block__social-link social-media-link-facebook bg-bluedark" target="_blank">
  2313. <svg alt="Like us on Facebook" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  2314. <path class="fill" d="M38.4,24c0,2.2,0,12,0,12h-8.8v14.7h8.8v43.8h18.1V50.7h12.2c0,0,1.1-7.1,1.7-14.8c-1.6,0-13.8,0-13.8,0s0-8.6,0-10.1c0-1.5,2-3.5,3.9-3.5c2,0,6.1,0,9.9,0c0-2,0-8.9,0-15.3C65.3,7,59.5,7,57,7C38,7,38.4,21.8,38.4,24z" />
  2315. </svg>
  2316. </a>
  2317. </li>
  2318. <li class="social-media-block__social-link-icon social-media-icon-instagram">
  2319. <a href="https://www.instagram.com/fma_nz/" class="social-media-block__social-link social-media-link-instagram bg-bluedark" target="_blank">
  2320. <svg alt="Follow us on Instagram" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  2321. <path class="fill" fill-rule="evenodd" clip-rule="evenodd" d="M50,7C38.1,7,36.6,7.1,32,7.3c-4.7,0.2-7.8,1-10.6,2c-2.9,1.1-5.3,2.6-7.7,5c-2.4,2.4-3.9,4.9-5,7.7c-1.1,2.8-1.8,6-2,10.6c-0.2,4.7-0.3,6.2-0.3,18s0.1,13.4,0.3,18c0.2,4.7,1,7.8,2,10.6c1.1,2.9,2.6,5.3,5,7.7c2.4,2.4,4.9,3.9,7.7,5c2.8,1.1,6,1.8,10.6,2c4.7,0.2,6.2,0.3,18,0.3s13.4-0.1,18-0.3c4.7-0.2,7.8-1,10.6-2c2.9-1.1,5.3-2.6,7.7-5c2.4-2.4,3.9-4.9,5-7.7c1.1-2.8,1.8-6,2-10.6c0.2-4.7,0.3-6.2,0.3-18s-0.1-13.4-0.3-18c-0.2-4.7-1-7.8-2-10.6c-1.1-2.9-2.6-5.3-5-7.7c-2.4-2.4-4.9-3.9-7.7-5c-2.8-1.1-6-1.8-10.6-2C63.4,7,61.9,7,50,7z M50,14.9c11.7,0,13.1,0.1,17.7,0.3c4.3,0.2,6.6,0.9,8.1,1.5c2,0.8,3.5,1.7,5,3.3s2.5,3,3.3,5c0.6,1.5,1.3,3.9,1.5,8.1c0.2,4.6,0.3,6,0.3,17.7s-0.1,13.1-0.3,17.7c-0.2,4.3-0.9,6.6-1.5,8.1c-0.8,2-1.8,3.5-3.3,5c-1.5,1.5-3,2.5-5,3.3c-1.5,0.6-3.9,1.3-8.1,1.5c-4.6,0.2-6,0.3-17.7,0.3s-13.1-0.1-17.7-0.3c-4.3-0.2-6.6-0.9-8.1-1.5c-2.1-0.8-3.5-1.8-5-3.3c-1.5-1.5-2.5-3-3.3-5c-0.6-1.5-1.3-3.9-1.5-8.1c-0.2-4.6-0.2-6-0.2-17.7S14,37.6,14.2,33c0.2-4.3,0.9-6.6,1.5-8.1c0.8-2.1,1.8-3.5,3.3-5s3-2.5,5-3.3c1.5-0.6,3.8-1.3,8.1-1.5c4.6-0.2,6-0.2,17.7-0.2L50,14.9z M50,28.3c-12.4,0-22.5,10.1-22.5,22.5c0,12.4,10.1,22.5,22.5,22.5c12.4,0,22.5-10.1,22.5-22.5C72.5,38.3,62.4,28.3,50,28.3z M50,65.3c-8.1,0-14.6-6.5-14.6-14.6S41.9,36.2,50,36.2s14.6,6.5,14.6,14.6S58.1,65.3,50,65.3z M78.6,27.4c0,2.9-2.4,5.3-5.3,5.3c-2.9,0-5.3-2.4-5.3-5.3s2.4-5.3,5.3-5.3C76.2,22.1,78.6,24.5,78.6,27.4z" />
  2322. </svg>
  2323. </a>
  2324. </li>
  2325. <li class="social-media-block__social-link-icon social-media-icon-youtube">
  2326. <a href="https://www.youtube.com/user/NZFMA" class="social-media-block__social-link social-media-link-youtube bg-bluedark" target="_blank">
  2327. <svg alt="Check out our YouTube Channel" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  2328. <path class="fill" d="M75.2,71h-4.8v-2.8c0-1.3,1-2.2,2.2-2.2h0.3c1.3,0,2.2,1,2.2,2.2L75.2,71z M57.2,65c-1.3,0-2.2,0.8-2.2,1.8v13.6c0,1,1,1.8,2.2,1.8s2.2-0.8,2.2-1.8V66.9C59.4,65.8,58.5,65,57.2,65z M86.5,57.5v25.8c0,6.2-5.3,11.3-12,11.3h-49c-6.6,0-12-5.1-12-11.3V57.5c0-6.2,5.3-11.3,12-11.3h49.1C81.1,46.2,86.5,51.2,86.5,57.5z M28.7,86V58.8h6.1v-4H18.6v4h5.1V86H28.7zM47,62.9h-5.1v14.5c0,2.1,0.1,3.1,0,3.5c-0.4,1.2-2.2,2.3-3,0.1c-0.1-0.4,0-1.6,0-3.5V62.9h-5.1v14.4c0,2.2-0.1,3.9,0,4.6c0.1,1.4,0.1,2.8,1.3,3.7c2.2,1.7,6.6-0.3,7.8-2.6v3H47V62.9L47,62.9z M63.2,79.5V67.5c0-4.6-3.4-7.4-8.2-3.6v-8.9H50v31l4.2-0.1l0.4-1.9C59.8,88.8,63.2,85.4,63.2,79.5z M79.1,78h-3.8c0,0.2,0,0.3,0,0.5v2.1c0,1.2-1,2-2,2h-0.8c-1.2,0-2-1-2-2v-0.2V78v-2.9h8.7v-3.3c0-2.4-0.1-4.8-0.3-6.1c-0.6-4.4-6.7-5.1-9.8-2.8c-1,0.7-1.7,1.7-2.1,2.8c-0.4,1.3-0.7,2.9-0.7,5.2V78C66.2,89.9,80.8,88.3,79.1,78z M59.5,38.8c0.3,0.7,0.7,1.2,1.3,1.6c0.6,0.4,1.3,0.6,2,0.6c0.8,0,1.4-0.2,1.9-0.6c0.6-0.4,1.1-1,1.5-1.8l-0.1,1.9h5.6v-24h-4.5v18.8c0,1-0.9,1.8-1.8,1.8s-1.8-0.9-1.8-1.8V16.4h-4.7v16.2c0,2,0,3.4,0.1,4.2C59.1,37.5,59.3,38.2,59.5,38.8z M42.4,25.3c0-2.3,0.2-4.1,0.6-5.4c0.4-1.3,1.1-2.3,2-3.1c1-0.8,2.2-1.2,3.8-1.2c1.3,0,2.4,0.3,3.4,0.8c1,0.5,1.7,1.2,2.1,1.9c0.5,0.8,0.9,1.7,1.1,2.5c0.2,0.9,0.3,2.1,0.3,3.9v6.1c0,2.2-0.1,3.9-0.3,5c-0.2,1.1-0.6,2-1.1,2.9c-0.6,0.9-1.3,1.6-2.1,2c-0.9,0.4-1.9,0.7-3.1,0.7c-1.3,0-2.3-0.2-3.3-0.6c-0.9-0.4-1.6-1-2-1.7c-0.5-0.8-0.9-1.7-1.1-2.7c-0.2-1.1-0.3-2.6-0.3-4.8V25.3L42.4,25.3z M46.9,34.8c0,1.4,1,2.4,2.2,2.4c1.3,0,2.2-1.1,2.2-2.4V22c0-1.4-1-2.4-2.2-2.4c-1.3,0-2.2,1.1-2.2,2.4V34.8z M31.2,41.2h5.3V22.8L42.9,7h-5.8l-3.3,11.8L30.3,7h-5.7l6.7,15.8V41.2z" />
  2329. </svg>
  2330. </a>
  2331. </li>
  2332. <li class="social-media-block__social-link-icon social-media-icon-email">
  2333. <a href="https://www.fma.govt.nz/subscribe-to-fma-news-and-alerts/" class="social-media-block__social-link social-media-link-email bg-bluedark" target="_blank">
  2334. <svg alt="Contact us by Email" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  2335. <path class="fill" d="M88 29.6C88 25.64 84.4 22.4 80 22.4L16 22.4C11.6 22.4 8 25.64 8 29.6L8 72.8C8 76.76 11.6 80 16 80L80 80C84.4 80 88 76.76 88 72.8L88 29.6ZM80 29.6 48 47.6 16 29.6 80 29.6ZM80 72.8 16 72.8 16 36.8 48 54.8 80 36.8 80 72.8Z" />
  2336. </svg>
  2337. </a>
  2338. </li>
  2339. </ul>
  2340. </div>
  2341. </div>
  2342. </div>
  2343. </div>
  2344. </div>
  2345.  
  2346. </div>
  2347. </main>
  2348. <footer class="footer" role="contentinfo">
  2349. <div class="container footer--desktop d-lg-block d-xl-block d-none">
  2350. <div class="row justify-content-between mb-5">
  2351. <div class="footer__footer-link-block col-auto">
  2352. <ul class="footer__nav-links-container col-auto" aria-label="Footer Consumer Links" role="navigation">
  2353. <li class="footer__nav-links-block-title">
  2354. <a href="consumer" class="footer__nav-links-block-title-link">
  2355. Consumer
  2356. </a>
  2357. </li>
  2358. <li class="footer__nav-links-link-item">
  2359. <a href="/consumer/investing/" class="footer__nav-links-link-url">
  2360. Investing
  2361. </a>
  2362. </li>
  2363. <li class="footer__nav-links-link-item">
  2364. <a href="/consumer/getting-advice/" class="footer__nav-links-link-url">
  2365. Getting advice
  2366. </a>
  2367. </li>
  2368. <li class="footer__nav-links-link-item">
  2369. <a href="/consumer/everyday-finance/" class="footer__nav-links-link-url">
  2370. Everyday finance
  2371. </a>
  2372. </li>
  2373. <li class="footer__nav-links-link-item">
  2374. <a href="/consumer/kiwisaver-and-superannuation/" class="footer__nav-links-link-url">
  2375. KiwiSaver &amp; Superannuation
  2376. </a>
  2377. </li>
  2378. <li class="footer__nav-links-link-item">
  2379. <a href="/consumer/unregistered-businesses/" class="footer__nav-links-link-url">
  2380. Unregistered businesses
  2381. </a>
  2382. </li>
  2383. </ul>
  2384. </div>
  2385. <div class="footer__footer-link-block col-auto">
  2386. <ul class="footer__nav-links-container col-auto" aria-label="Footer Finance professionals Links" role="navigation">
  2387. <li class="footer__nav-links-block-title">
  2388. <a href="business" class="footer__nav-links-block-title-link">
  2389. Finance professionals
  2390. </a>
  2391. </li>
  2392. <li class="footer__nav-links-link-item">
  2393. <a href="/business/services/" class="footer__nav-links-link-url">
  2394. Services
  2395. </a>
  2396. </li>
  2397. <li class="footer__nav-links-link-item">
  2398. <a href="/business/focus-areas/" class="footer__nav-links-link-url">
  2399. Focus areas
  2400. </a>
  2401. </li>
  2402. <li class="footer__nav-links-link-item">
  2403. <a href="/business/legislation/" class="footer__nav-links-link-url">
  2404. Legislation
  2405. </a>
  2406. </li>
  2407. <li class="footer__nav-links-link-item">
  2408. <a href="/business/licensed-providers/" class="footer__nav-links-link-url">
  2409. Licensed &amp; reporting entities
  2410. </a>
  2411. </li>
  2412. <li class="footer__nav-links-link-item">
  2413. <a href="/business/online-services/" class="footer__nav-links-link-url">
  2414. Online Services
  2415. </a>
  2416. </li>
  2417. </ul>
  2418. </div>
  2419. <div class="footer__footer-link-block col-auto">
  2420. <ul class="footer__nav-links-container col-auto" aria-label="Footer Additional Links" role="navigation">
  2421. <li class="footer__nav-links-link-item">
  2422. <a href="/about-us/" class="footer__nav-links-link-url">
  2423. About
  2424. </a>
  2425. </li>
  2426. <li class="footer__nav-links-link-item">
  2427. <a href="https://careers.fma.govt.nz/home" class="footer__nav-links-link-url">
  2428. Careers
  2429. </a>
  2430. </li>
  2431. <li class="footer__nav-links-link-item">
  2432. <a href="/news/" class="footer__nav-links-link-url">
  2433. News &amp; Insights
  2434. </a>
  2435. </li>
  2436. <li class="footer__nav-links-link-item">
  2437. <a href="/scams/" class="footer__nav-links-link-url">
  2438. Scams
  2439. </a>
  2440. </li>
  2441. <li class="footer__nav-links-link-item">
  2442. <a href="/contact/" class="footer__nav-links-link-url">
  2443. Contact
  2444. </a>
  2445. </li>
  2446. </ul>
  2447. </div>
  2448. <div class="footer__footer-link-block footer__footer-link-block--social col-auto">
  2449. <div class="social-media-block">
  2450. <header class="social-media-block__element-header">
  2451. <span class="social-media-block__element-title fg-green">
  2452. Keep connected
  2453. </span>
  2454. </header>
  2455. <div class="social-media-block__links">
  2456. <ul class="social-media-block__links-list">
  2457. <li class="social-media-block__social-link-icon social-media-icon-linkedin">
  2458. <a href="https://nz.linkedin.com/company/financial-markets-authority-new-zealand" class="social-media-block__social-link social-media-link-linkedin bg-blue" target="_blank">
  2459. <svg alt="Connect with us on LinkedIn" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  2460. <path class="fill" d="M90.6,59.5v30H73.2v-28c0-7-2.5-11.8-8.8-11.8c-4.8,0-7.7,3.2-8.9,6.4c-0.5,1.1-0.6,2.7-0.6,4.2v29.3H37.5c0,0,0.2-47.5,0-52.4h17.4v7.4c0,0.1-0.1,0.1-0.1,0.2h0.1v-0.2C57.2,41,61.3,36,70.6,36C82,36,90.6,43.4,90.6,59.5z M19.2,11.9c-6,0-9.9,3.9-9.9,9c0,5,3.8,9.1,9.6,9.1h0.1c6.1,0,9.9-4,9.9-9.1C28.9,15.8,25.2,11.9,19.2,11.9z M10.4,89.6h17.4V37.2H10.4V89.6z" />
  2461. </svg>
  2462. </a>
  2463. </li>
  2464. <li class="social-media-block__social-link-icon social-media-icon-facebook">
  2465. <a href="https://www.facebook.com/FinancialMarketsAuthority/" class="social-media-block__social-link social-media-link-facebook bg-blue" target="_blank">
  2466. <svg alt="Like us on Facebook" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  2467. <path class="fill" d="M38.4,24c0,2.2,0,12,0,12h-8.8v14.7h8.8v43.8h18.1V50.7h12.2c0,0,1.1-7.1,1.7-14.8c-1.6,0-13.8,0-13.8,0s0-8.6,0-10.1c0-1.5,2-3.5,3.9-3.5c2,0,6.1,0,9.9,0c0-2,0-8.9,0-15.3C65.3,7,59.5,7,57,7C38,7,38.4,21.8,38.4,24z" />
  2468. </svg>
  2469. </a>
  2470. </li>
  2471. <li class="social-media-block__social-link-icon social-media-icon-instagram">
  2472. <a href="https://www.instagram.com/fma_nz/" class="social-media-block__social-link social-media-link-instagram bg-blue" target="_blank">
  2473. <svg alt="Follow us on Instagram" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  2474. <path class="fill" fill-rule="evenodd" clip-rule="evenodd" d="M50,7C38.1,7,36.6,7.1,32,7.3c-4.7,0.2-7.8,1-10.6,2c-2.9,1.1-5.3,2.6-7.7,5c-2.4,2.4-3.9,4.9-5,7.7c-1.1,2.8-1.8,6-2,10.6c-0.2,4.7-0.3,6.2-0.3,18s0.1,13.4,0.3,18c0.2,4.7,1,7.8,2,10.6c1.1,2.9,2.6,5.3,5,7.7c2.4,2.4,4.9,3.9,7.7,5c2.8,1.1,6,1.8,10.6,2c4.7,0.2,6.2,0.3,18,0.3s13.4-0.1,18-0.3c4.7-0.2,7.8-1,10.6-2c2.9-1.1,5.3-2.6,7.7-5c2.4-2.4,3.9-4.9,5-7.7c1.1-2.8,1.8-6,2-10.6c0.2-4.7,0.3-6.2,0.3-18s-0.1-13.4-0.3-18c-0.2-4.7-1-7.8-2-10.6c-1.1-2.9-2.6-5.3-5-7.7c-2.4-2.4-4.9-3.9-7.7-5c-2.8-1.1-6-1.8-10.6-2C63.4,7,61.9,7,50,7z M50,14.9c11.7,0,13.1,0.1,17.7,0.3c4.3,0.2,6.6,0.9,8.1,1.5c2,0.8,3.5,1.7,5,3.3s2.5,3,3.3,5c0.6,1.5,1.3,3.9,1.5,8.1c0.2,4.6,0.3,6,0.3,17.7s-0.1,13.1-0.3,17.7c-0.2,4.3-0.9,6.6-1.5,8.1c-0.8,2-1.8,3.5-3.3,5c-1.5,1.5-3,2.5-5,3.3c-1.5,0.6-3.9,1.3-8.1,1.5c-4.6,0.2-6,0.3-17.7,0.3s-13.1-0.1-17.7-0.3c-4.3-0.2-6.6-0.9-8.1-1.5c-2.1-0.8-3.5-1.8-5-3.3c-1.5-1.5-2.5-3-3.3-5c-0.6-1.5-1.3-3.9-1.5-8.1c-0.2-4.6-0.2-6-0.2-17.7S14,37.6,14.2,33c0.2-4.3,0.9-6.6,1.5-8.1c0.8-2.1,1.8-3.5,3.3-5s3-2.5,5-3.3c1.5-0.6,3.8-1.3,8.1-1.5c4.6-0.2,6-0.2,17.7-0.2L50,14.9z M50,28.3c-12.4,0-22.5,10.1-22.5,22.5c0,12.4,10.1,22.5,22.5,22.5c12.4,0,22.5-10.1,22.5-22.5C72.5,38.3,62.4,28.3,50,28.3z M50,65.3c-8.1,0-14.6-6.5-14.6-14.6S41.9,36.2,50,36.2s14.6,6.5,14.6,14.6S58.1,65.3,50,65.3z M78.6,27.4c0,2.9-2.4,5.3-5.3,5.3c-2.9,0-5.3-2.4-5.3-5.3s2.4-5.3,5.3-5.3C76.2,22.1,78.6,24.5,78.6,27.4z" />
  2475. </svg>
  2476. </a>
  2477. </li>
  2478. <li class="social-media-block__social-link-icon social-media-icon-youtube">
  2479. <a href="https://www.youtube.com/user/NZFMA" class="social-media-block__social-link social-media-link-youtube bg-blue" target="_blank">
  2480. <svg alt="Check out our YouTube Channel" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  2481. <path class="fill" d="M75.2,71h-4.8v-2.8c0-1.3,1-2.2,2.2-2.2h0.3c1.3,0,2.2,1,2.2,2.2L75.2,71z M57.2,65c-1.3,0-2.2,0.8-2.2,1.8v13.6c0,1,1,1.8,2.2,1.8s2.2-0.8,2.2-1.8V66.9C59.4,65.8,58.5,65,57.2,65z M86.5,57.5v25.8c0,6.2-5.3,11.3-12,11.3h-49c-6.6,0-12-5.1-12-11.3V57.5c0-6.2,5.3-11.3,12-11.3h49.1C81.1,46.2,86.5,51.2,86.5,57.5z M28.7,86V58.8h6.1v-4H18.6v4h5.1V86H28.7zM47,62.9h-5.1v14.5c0,2.1,0.1,3.1,0,3.5c-0.4,1.2-2.2,2.3-3,0.1c-0.1-0.4,0-1.6,0-3.5V62.9h-5.1v14.4c0,2.2-0.1,3.9,0,4.6c0.1,1.4,0.1,2.8,1.3,3.7c2.2,1.7,6.6-0.3,7.8-2.6v3H47V62.9L47,62.9z M63.2,79.5V67.5c0-4.6-3.4-7.4-8.2-3.6v-8.9H50v31l4.2-0.1l0.4-1.9C59.8,88.8,63.2,85.4,63.2,79.5z M79.1,78h-3.8c0,0.2,0,0.3,0,0.5v2.1c0,1.2-1,2-2,2h-0.8c-1.2,0-2-1-2-2v-0.2V78v-2.9h8.7v-3.3c0-2.4-0.1-4.8-0.3-6.1c-0.6-4.4-6.7-5.1-9.8-2.8c-1,0.7-1.7,1.7-2.1,2.8c-0.4,1.3-0.7,2.9-0.7,5.2V78C66.2,89.9,80.8,88.3,79.1,78z M59.5,38.8c0.3,0.7,0.7,1.2,1.3,1.6c0.6,0.4,1.3,0.6,2,0.6c0.8,0,1.4-0.2,1.9-0.6c0.6-0.4,1.1-1,1.5-1.8l-0.1,1.9h5.6v-24h-4.5v18.8c0,1-0.9,1.8-1.8,1.8s-1.8-0.9-1.8-1.8V16.4h-4.7v16.2c0,2,0,3.4,0.1,4.2C59.1,37.5,59.3,38.2,59.5,38.8z M42.4,25.3c0-2.3,0.2-4.1,0.6-5.4c0.4-1.3,1.1-2.3,2-3.1c1-0.8,2.2-1.2,3.8-1.2c1.3,0,2.4,0.3,3.4,0.8c1,0.5,1.7,1.2,2.1,1.9c0.5,0.8,0.9,1.7,1.1,2.5c0.2,0.9,0.3,2.1,0.3,3.9v6.1c0,2.2-0.1,3.9-0.3,5c-0.2,1.1-0.6,2-1.1,2.9c-0.6,0.9-1.3,1.6-2.1,2c-0.9,0.4-1.9,0.7-3.1,0.7c-1.3,0-2.3-0.2-3.3-0.6c-0.9-0.4-1.6-1-2-1.7c-0.5-0.8-0.9-1.7-1.1-2.7c-0.2-1.1-0.3-2.6-0.3-4.8V25.3L42.4,25.3z M46.9,34.8c0,1.4,1,2.4,2.2,2.4c1.3,0,2.2-1.1,2.2-2.4V22c0-1.4-1-2.4-2.2-2.4c-1.3,0-2.2,1.1-2.2,2.4V34.8z M31.2,41.2h5.3V22.8L42.9,7h-5.8l-3.3,11.8L30.3,7h-5.7l6.7,15.8V41.2z" />
  2482. </svg>
  2483. </a>
  2484. </li>
  2485. <li class="social-media-block__social-link-icon social-media-icon-email">
  2486. <a href="https://www.fma.govt.nz/subscribe-to-fma-news-and-alerts/" class="social-media-block__social-link social-media-link-email bg-blue" target="_blank">
  2487. <svg alt="Contact us by Email" class="social-icon" version="1.1" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink" x="0px" y="0px" viewbox="0 0 100 100" xml:space="preserve">
  2488. <path class="fill" d="M88 29.6C88 25.64 84.4 22.4 80 22.4L16 22.4C11.6 22.4 8 25.64 8 29.6L8 72.8C8 76.76 11.6 80 16 80L80 80C84.4 80 88 76.76 88 72.8L88 29.6ZM80 29.6 48 47.6 16 29.6 80 29.6ZM80 72.8 16 72.8 16 36.8 48 54.8 80 36.8 80 72.8Z" />
  2489. </svg>
  2490. </a>
  2491. </li>
  2492. </ul>
  2493. </div>
  2494. </div>
  2495. </div>
  2496. </div>
  2497. <div class="row justify-content-between align-items-end">
  2498. <div class="footer__logo-container col-auto">
  2499. <a href="https://www.fma.govt.nz/" class="footer__logo-link mr-5">
  2500. <img class="footer__logo-image footer__logo-image--fma" src="/_resources/themes/fma3/images/fma_logo-footer.png?m=1713447383" alt="Financial Markets Authority" />
  2501. </a>
  2502. <a href="https://www.govt.nz/" class="footer__logo-link" target="_blank">
  2503. <span class="sr-only"><span lang="mi">Te Kāwanatanga o Aotearoa</span> / </span>
  2504. <img class="footer__logo-image footer__logo-image--govt" src="/_resources/themes/fma3/images/newzealand-government-footer-new.png?m=1713447383" alt="New Zealand Government" />
  2505. </a>
  2506. </div>
  2507. <div class="footer__site-name-container col-auto">
  2508. <span>2024 &copy; Financial Markets Authority</span>
  2509. </div>
  2510. </div>
  2511. <div class="row">
  2512. <div class="col-lg-9">
  2513. <hr class="footer__divider mb-4 mt-4">
  2514. <div class="footer-bottom-links__bottom-link-block">
  2515. <ul class="footer-bottom-links__bottom-nav-links" aria-label="Footer Bottom Links" role="navigation">
  2516. <li class="footer-bottom-links__bottom-nav-item  footer-bottom-links__bottom-nav-item--show-always">
  2517. <a href="copyright" class="footer-bottom-links__bottom-nav-item-link">
  2518. Copyright
  2519. </a>
  2520. </li>
  2521. <li class="footer-bottom-links__bottom-nav-item ">
  2522. <a href="privacy" class="footer-bottom-links__bottom-nav-item-link">
  2523. Privacy
  2524. </a>
  2525. </li>
  2526. <li class="footer-bottom-links__bottom-nav-item ">
  2527. <a href="online-payment-service-terms-and-conditions" class="footer-bottom-links__bottom-nav-item-link">
  2528. Online payment service – terms and conditions
  2529. </a>
  2530. </li>
  2531. <li class="footer-bottom-links__bottom-nav-item ">
  2532. <a href="social-media" class="footer-bottom-links__bottom-nav-item-link">
  2533. Social media transparency statement
  2534. </a>
  2535. </li>
  2536. <li class="footer-bottom-links__bottom-nav-item ">
  2537. <a href="subscribe-to-fma-news-and-alerts" class="footer-bottom-links__bottom-nav-item-link footer-bottom-links__bottom-nav-item-link--last">
  2538. Subscribe to FMA Update
  2539. </a>
  2540. </li>
  2541. </ul>
  2542. </div>
  2543. </div>
  2544. </div>
  2545. </div>
  2546. <div class="container footer--mobile d-lg-none">
  2547. <div class="row justify-content-between align-items-end">
  2548. <div class="footer__logo-container col-auto d-flex">
  2549. <a href="https://www.fma.govt.nz/" class="footer__logo-link mr-5">
  2550. <img class="footer__logo-image footer__logo-image--fma" src="/_resources/themes/fma3/images/fma_logo-footer.png?m=1713447383" alt="Financial Markets Authority" />
  2551. </a>
  2552. <a href="https://www.govt.nz/" class="footer__logo-link" target="_blank">
  2553. <span class="sr-only"><span lang="mi">Te Kāwanatanga o Aotearoa</span> / </span>
  2554. <img class="footer__logo-image footer__logo-image--govt" src="/_resources/themes/fma3/images/newzealand-government-footer-new.png?m=1713447383" alt="New Zealand Government" />
  2555. </a>
  2556. </div>
  2557. </div>
  2558. <div class="row">
  2559. <div class="col-sm-4 pl-0 pr-0">
  2560. <hr class="footer__divider mb-4 mt-4">
  2561. </div>
  2562. </div>
  2563. <div class="row">
  2564. <div class="col-sm-4">
  2565. <div class="footer-bottom-links__bottom-link-block">
  2566. <ul class="footer-bottom-links__bottom-nav-links" aria-label="Footer Bottom Links" role="navigation">
  2567. <li class="footer-bottom-links__bottom-nav-item  footer-bottom-links__bottom-nav-item--show-always">
  2568. <a href="copyright" class="footer-bottom-links__bottom-nav-item-link footer-bottom-links__bottom-nav-item-link--last">
  2569. Copyright
  2570. </a>
  2571. </li>
  2572. </ul>
  2573. </div>
  2574. </div>
  2575. </div>
  2576. <div class="row">
  2577. <div class="col-sm-4 pl-0 pr-0">
  2578. <hr class="footer__divider mb-4 mt-4">
  2579. </div>
  2580. </div>
  2581. <div class="row">
  2582. <div class="footer__site-name-container col-auto">
  2583. <span>2024 &copy; Financial Markets Authority</span>
  2584. </div>
  2585. </div>
  2586. </div>
  2587. </footer>
  2588. <div class="accessible-fonts-action">
  2589. <button class="accessible-fonts-action__toggle" aria-label="Toggle font size buttons">Aa</button>
  2590. <div class="accessible-fonts-action__container accessible-fonts-action__container--hidden">
  2591. <button aria-label="Decrease font size" class="accessible-fonts-action__button accessible-fonts-action__button--decrease">-</button>
  2592. <button aria-label="Increase font size" class="accessible-fonts-action__button accessible-fonts-action__button--increase">+</button>
  2593. </div>
  2594. </div>
  2595. <a class="btn-fma-back-to-top" aria-hidden="true" aria-label="Go to top" href="/news/#page-top"><i class="btn-fma-back-to-top__i bi bi-arrow-up-short"></i></a>
  2596. <script type="d9ba9a1e9e5d84c6fbc95d3b-application/javascript" src="/_resources/themes/fma3/dist/js/jquery.min.js?m=1713447383"></script>
  2597. <script type="d9ba9a1e9e5d84c6fbc95d3b-application/javascript" src="/_resources/themes/fma3/dist/js/main.js?m=1713447383"></script>
  2598. <script async src="https://www.googletagmanager.com/gtag/js?id=G-ZM5QPBZEDT" type="d9ba9a1e9e5d84c6fbc95d3b-text/javascript"></script>
  2599. <script type="d9ba9a1e9e5d84c6fbc95d3b-text/javascript">
  2600.    window.dataLayer = window.dataLayer || [];
  2601.    function gtag(){dataLayer.push(arguments);}
  2602.    gtag('js', new Date());
  2603.    gtag('config', 'G-ZM5QPBZEDT');
  2604.    </script>
  2605. <script src="/cdn-cgi/scripts/7d0fa10a/cloudflare-static/rocket-loader.min.js" data-cf-settings="d9ba9a1e9e5d84c6fbc95d3b-|49" defer></script></body>
  2606. </html>
  2607.  
Copyright © 2002-9 Sam Ruby, Mark Pilgrim, Joseph Walton, and Phil Ringnalda