FMA pings 10 entities for late financial statements

Thu, 03 Jul 2014

By Jonathan Underhill Jul. 3 (BusinessDesk) - New Zealand's financial markets regulator has charged eight companies and two contributory mortgage brokers for failing to file their annual reports by due date. The Finance Markets Authority released a review of non-filing of financial statements today. It found 305 limited liability companies with March balance dates, 73 percent of the total, filed their 2013 statements by the cut-off on Sept. 27 last year. Of those that were late, the FMA initiated proceedings against seven directors, rela...

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