Law & Regulation

The FMA is running out of patience

Dan Brunskill
Thu, 24 Sep 2020

Dan Brunskill
Thu, 24 Sep 2020
Uninformed financial service directors who are failing to manage their firm’s conduct and compliance risks will be met with stricter enforcement, the Financial Markets Authority says.   A review of the regulator’s monitoring activities found there was “significant weakness” in some boards of directors—who had little understanding of their licence obligations—and that some entities had taken “few, if any” steps to evaluate or improve their conduct and culture.“Effective management o...

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