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Monitoring visits outcomes

Jose P made this Official Information request to Financial Markets Authority

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From: Jose P

Dear Financial Markets Authority,

I request the following under the OIA.

For the period 1 July 2023 to 30 June 2024, and the period 1 July 2024 to 30 June 2025, please provide the following broken down by type of financial institution (eg bank, insurer, derivative issuer, MIS manager, DIMS provider, advice provider (that is not a bank or insurer), AML reporting entity):
- Number of feedback letters issued by the FMA following a monitoring review
- Number of findings detailed in the feedback letters issued
- Number of monitoring visits that resulted in enforcement action being commenced

Yours faithfully,

Thanks

Link to this

From: Questions Comments Scams Complaints
Financial Markets Authority


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Dear Jose P 

Thank you for contacting the Financial Markets Authority (FMA).

Your enquiry has been referred to the appropriate department.

We aim to provide you with a response as soon as possible, however this
may take up to 20 working days once all the relevant information has been
received.

Yours sincerely

Financial Markets Authority 

You can view FMA’s Privacy statement at [1]Privacy policy | Financial
Markets Authority (fma.govt.nz).  For further information about how the
FMA collects, stores and uses information, you can view our Transparency
statement at [2]Transparency statement on information gathering |
Financial Markets Authority (fma.govt.nz)

 

Customer Service

T 0800 434 566      
E [Financial Markets Authority request email]
Level 5, Ernst & Young Building
2 Takutai Square, Britomart, Auckland, 1010
PO Box 106 672, Auckland 1143​, [3]www.fma.govt.nz [4][IMG]  [5][IMG] 
New Zealand [6][IMG]  [7][IMG]  

 

 

 

 

 

 

 

 

 

This email is intended for the addressee(s) only. It may be confidential,
and subject to legal privilege, or a confidentiality order of the
Financial Markets Authority. If you are not the intended recipient it may
be unlawful for you to use any information in this email or to pass it on
to others. Please delete the email and any attachments, and notify the
sender by return email or telephone +64 4 472 9830. Thank you.

References

Visible links
1. https://www.fma.govt.nz/privacy/
2. https://www.fma.govt.nz/transparency-sta...
3. file:///tmp/foiextract20250805-34-105omrm#
4. https://www.linkedin.com/company/financi...
5. https://www.facebook.com/FinancialMarket...
6. https://www.instagram.com/fma_nz/?hl=en
7. https://twitter.com/fmamedia?lang=en

Link to this

From: Nath Lostitmonton
Financial Markets Authority


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Hi there,

I hope this email finds you well.  I am writing to you in relation to your
OIA request dated 3 August 2025 for information regarding the FMA's
monitoring visit data. 

 

The OIA requires that we advise you of our decision on your request no
later than 20 working days after the day we received your request (in this
case, the date we received clarification from you about your request).
Unfortunately, it will not be possible to meet that time limit, and we are
therefore writing to notify you of an extension to the time to make our
decision, until 29 September 2025. However, we plan to release the
information to you earlier, if possible, or as soon as it is ready.

 

This extension is necessary because your request requires a search through
a large quantity of information, and meeting the original time limit would
unreasonably interfere with our operations.

 

You have the right to seek an investigation and review by the Ombudsman of
this decision. Information about how to make a complaint is available at
www.ombudsman.parliament.nz or freephone 0800 802 602. If you wish to
discuss any aspect of your request with us, please feel free to contact
me.

Kind regards
Nath 
Get [1]Outlook for iOS

 

Nath Lostitmonton Senior Legal Counsel, Internal Governance and
Oversight

T +64 9 9560266      
E [email address]
Level 5, Ernst & Young Building
2 Takutai Square, Britomart, Auckland, 1010
PO Box 106 672, Auckland 1143​, [2]www.fma.govt.nz [3][IMG]  [4][IMG] 
New Zealand [5][IMG]  [6][IMG]  

 

 

 

 

 

 

 

 

 

This email is intended for the addressee(s) only. It may be confidential,
and subject to legal privilege, or a confidentiality order of the
Financial Markets Authority. If you are not the intended recipient it may
be unlawful for you to use any information in this email or to pass it on
to others. Please delete the email and any attachments, and notify the
sender by return email or telephone +64 4 472 9830. Thank you.

References

Visible links
1. https://aka.ms/o0ukef
2. file:///tmp/foiextract20250829-34-11wd7ml#
3. https://www.linkedin.com/company/financi...
4. https://www.facebook.com/FinancialMarket...
5. https://www.instagram.com/fma_nz/?hl=en
6. https://twitter.com/fmamedia?lang=en

Link to this

From: Nath Lostitmonton
Financial Markets Authority


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Attachment 2025 09 16 OIA response monitoring visit.pdf
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Hi there,  

 

I hope you are well. Please find attached a response a response to your
OIA request.

 

Kind regards,

 

Nath

 

Nath Lostitmonton Senior Legal Counsel, Internal Governance and
Oversight

T +64 9 9560266      
E [email address]
Level 5, Ernst & Young Building
2 Takutai Square, Britomart, Auckland, 1010
PO Box 106 672, Auckland 1143​, [1]www.fma.govt.nz [2][IMG]  [3][IMG] 
New Zealand [4][IMG]  [5][IMG]  

 

 

 

 

 

 

 

 

 

This email is intended for the addressee(s) only. It may be confidential,
and subject to legal privilege, or a confidentiality order of the
Financial Markets Authority. If you are not the intended recipient it may
be unlawful for you to use any information in this email or to pass it on
to others. Please delete the email and any attachments, and notify the
sender by return email or telephone +64 4 472 9830. Thank you.

From: Nath Lostitmonton
Sent: Friday, 29 August 2025 2:57 pm
To: [FOI #31866 email]
Subject: Oia extension

 

Hi there,

 

I hope this email finds you well.  I am writing to you in relation to your
OIA request dated 3 August 2025 for information regarding the FMA's
monitoring visit data. 

 

The OIA requires that we advise you of our decision on your request no
later than 20 working days after the day we received your request (in this
case, the date we received clarification from you about your request).
Unfortunately, it will not be possible to meet that time limit, and we are
therefore writing to notify you of an extension to the time to make our
decision, until 29 September 2025. However, we plan to release the
information to you earlier, if possible, or as soon as it is ready.

 

This extension is necessary because your request requires a search through
a large quantity of information, and meeting the original time limit would
unreasonably interfere with our operations.

 

You have the right to seek an investigation and review by the Ombudsman of
this decision. Information about how to make a complaint is available at
[6]www.ombudsman.parliament.nz or freephone 0800 802 602. If you wish to
discuss any aspect of your request with us, please feel free to contact
me.

 

Kind regards

 

Nath 

Get [7]Outlook for iOS

References

Visible links
1. file:///tmp/foiextract20250915-34-a16zmq#
2. https://www.linkedin.com/company/financi...
3. https://www.facebook.com/FinancialMarket...
4. https://www.instagram.com/fma_nz/?hl=en
5. https://twitter.com/fmamedia?lang=en
6. http://www.ombudsman.parliament.nz/
7. https://aka.ms/o0ukef

Link to this

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