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Page last updated: 07 September 2021

COVID-19

Alert Level Two and Four Update - September 2021

The FMA remains fully operational and our teams are available to assist with enquiries.  Our physical offices remain closed with our staff working from home. Please contact us through the usual channels [email protected] or on 0800 434 566. 

The response to the current Delta variant outbreak means that this lockdown is different to previous lockdowns.  We know industry may be facing new challenges posed by the stricter rules so please contact us if you would like our assistance or guidance on issues.

To assist industry, we are deferring some of our current work to reduce regulatory burden and allow firms to focus on their customers.  Where appropriate we will be in touch with our licensed and supervised entities to understand how they are operating and any issues they are facing.  We are open to requests for guidance or relief and encourage market participants to connect with us on how we can support industry.  To help prioritise our response, we may defer some work related to monitoring and information requests. 

While we want to assist industry to focus on customers, the FMA is committed to responding quickly if we see anyone trying to take advantage of the current situation, or instances of serious misconduct, including moving swiftly to warn the public of any investment scams.   

Financial Licensing remains open
Full licensing for financial advice providers remains open.  Our team is committed to processing your application as soon as possible.  We are available to assist you -  please contact us through the usual channels. 

KiwiSaver hardship withdrawals
KiwiSaver hardship withdrawals are designed as a ‘last resort’ and there is a process you must follow to apply.  Find out more about applying for a KiwiSaver hardship withdrawal.

Details on doing business at Alert Level 3 can be found at the COVID-19 government website.

Search Results

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  6. 28 April 2020

    Exemptions grant temporary relief from some reporting deadlines

    FMA has granted two class exemption notices to provide market participants with an additional two months to provide their audited financial statements and comply with certain other regulatory requirements. Due to the disruption caused by COVID-19, the FMA is taking appropriate steps to provide regulatory relief.

  7. 24 April 2020

    Conduct expectations in response to COVID-19

    Conduct expectations in response to COVID-19. The FMA and other members of the Council of Financial Regulators (CoFR) are continuing to closely monitor the impact of COVID-19 on New Zealand’s financial system.

  11. 3 April 2020

    Updated: FMA further extends deadline for financial reporting

    The Financial Markets Authority (FMA) is providing regulatory relief to market participants to give them an additional two months to provide their audited financial statements. Due to the disruption caused by COVID-19, the FMA is taking appropriate steps to support the industry. Firms that need to provide these financial statements include listed issuers on the NZX.

  14. 26 March 2020

    Managing impacts on financial reporting for FMC reporting entities and Managed Investment Schemes

    The rapidly evolving COVID-19 situation is having a significant impact on FMC reporting entities’ financial reporting obligations and the ability to perform audits. Auditors should continue to comply fully with required professional and ethical standards. It is important that sufficient time is taken by both the entity and the auditor to complete the annual financial reporting and auditing process, even if this results in a delay in reporting. The FMA specifies guidance to auditors for their reporting obligations in these uncertain times.