Financial Markets Conduct Act 2013

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

461W: Manner in which CRD records to be kept

You could also call this:

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

Illustration for Financial Markets Conduct Act 2013

If you are a climate reporting entity, you must keep your CRD records in the way that is prescribed. You will be breaking the law if you do not keep your records correctly. If you break the law, you can be fined up to $50,000.

If you commit this offence, it is also an infringement offence, see subpart 5 of Part 8. This means you can be given an infringement notice for not keeping your records correctly. You can find more information about infringement offences in subpart 5 of Part 8.

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This page was last updated on 15 July 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS775172.

Topics:

Money and consumer rights > Banking and loansBusiness > Industry rulesEnvironment and resources > Climate and energy

461V: Climate reporting entities must keep proper CRD records, or

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

461X: Period for which CRD records to be kept, or

"Keep climate records for at least 7 years after they are made."

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

461WManner in which CRD records to be kept

Every climate reporting entity must keep the CRD records in the prescribed manner (if any).
A climate reporting entity that contravenes this section commits an offence and is liable on conviction to a fine not exceeding $50,000.
The offence in this section is an infringement offence (see subpart 5 of Part 8).

Notes

Section 461W: inserted, on 27 October 2022, by section 8 of the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Act 2021 (2021 No 39).