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The proceeding follows investigations into the use of eligible investor certificates by various wholesale property developers. These investigations followed the FMA’s thematic review of wholesale offers of financial products.
“Partnerships like this are central to Scion's mandate and strategic approach, fostering cross-sector collaborations to advance forestry research, drive innovation, and promote sustainable forestry practices,” Henri Baillères, Scion’s general manager of forests to timber products.
The FMA and Westpac have agreed to resolve the proceedings on terms acceptable to all parties. A penalty hearing before the High Court will take place in due course.
A look back at the New Zealand telecommunications sector’s biggest news stories and themes over the past year.
In the latest Download Weekly newsletter: One New Zealand squeaked in ahead of the year end with its promised 100 percent coverage launch. The Commerce Commission is thinking about fibre deregulation.
There's nothing wrong with taking immediate action to resolve a bottleneck in progress, but if you want to avoid issues as much as possible, you need to be working proactively.