Custodians – your first custodial assurance reports are due as early as 28 August
Under the Financial Advisers (Custodians of FMCA Financial Products) Regulations 2014, custodians are required to obtain an assurance report from a qualified auditor. Custodians must receive their auditor’s report within four months of their accounting period’s close. On receiving the report, custodians must send it to us within 20 days, to this address, compliance@fma.govt.nz. For those with an accounting period on or before 31 March 2015, your report is due 28 August 2015. Read more to see if this applies to you.
31 August – deadline for Annual AML/CFT reports
Reporting entities supervised by the FMA have nine working days left to submit their annual AML/CFT report through our online system. Please check our website for more information.
30 September - AFA information return
AFAs can start submitting their information return. They should complete their returns through our online system, by 30 September. Please check our website for more information.
Auditors’ procedures reports
The licensees listed below are required to provide us with an annual auditor’s report on their financial resources. The reports are usually due within four months of the respective licence holder’s balance date. The requirements are found in the following standard condition numbers:
Last month we were asked to clarify the procedures expected of auditors to satisfy these conditions. As such, we are reviewing a sample of the initial reports to determine if guidance or changes to the conditions are necessary. For further information please contact jeromy.meerman@fma.govt.nz
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