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Financial Markets Conduct Act 2013

Climate-related disclosures for certain FMC reporting entities with higher level of public accountability - CRD records

461V: Climate reporting entities must keep proper CRD records

You could also call this:

"Companies that report on climate change must keep accurate and organised records."

Illustration for Financial Markets Conduct Act 2013

If you are a climate reporting entity, you must keep proper records at all times. These records must help you ensure your climate statements comply with the climate-related disclosure framework and that any required assurance engagement can be carried out properly, as stated in section 461ZH. You must also have a system in place to control these records.

If you manage a registered scheme and are a climate reporting entity, you must keep records to ensure the climate statements for the scheme comply with the climate-related disclosure framework and that any required assurance engagement can be carried out properly, as stated in section 461ZH. These records are important for your climate statements, which are required under sections 461Z to 461ZB or section 461ZC.

You must establish and maintain a good system to control the records you keep. This will help you keep track of your records and make sure they are accurate. The records you keep are important for your climate statements and for any assurance engagement that is required.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS775170.

Topics:
Environment and resources > Climate and energyBusiness > Industry rulesMoney and consumer rights > Banking and loans
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461W: Manner in which CRD records to be kept, or

"How climate reporting entities must keep their records to follow the law"

Part 7AClimate-related disclosures for certain FMC reporting entities with higher level of public accountability
CRD records

461VClimate reporting entities must keep proper CRD records

  1. Every climate reporting entity under section 461O(1) must ensure that there are kept at all times records that will enable—

  2. the climate reporting entity to ensure that the climate statements of the climate reporting entity comply with the climate-related disclosure framework; and
    1. the assurance engagement required by section 461ZH to be readily and properly carried out.

      1. Every manager that is a climate reporting entity in respect of a registered scheme must ensure that there are kept at all times records that will enable—

      2. the manager to ensure that the climate statements relating to the registered scheme comply with the climate-related disclosure framework; and
        1. the assurance engagement required by section 461ZH to be readily and properly carried out.

          1. Every climate reporting entity must establish and maintain a satisfactory system of control of the records that it is required to keep under this section.

          2. In this section,—

            climate statements of the climate reporting entity means the climate statements or group climate statements that are required to be prepared under any of sections 461Z to 461ZB

              climate statements relating to the registered scheme means the climate statements of the separate funds of the scheme or the climate statements of the scheme that are required to be prepared under section 461ZC.

              Notes
              • Section 461V: inserted, on , by section 8 of the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Act 2021 (2021 No 39).
              • Section 461V(1): replaced, on , by section 24 of the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Act 2021 (2021 No 39).
              • Section 461V(2): replaced, on , by section 24 of the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Act 2021 (2021 No 39).