FMA announces webinars for climate-related disclosures regime
FMA announces webinars for climate-related disclosures regime | Insurance Business New Zealand
Insurance News
FMA announces webinars for climate-related disclosures regime
Webinars designed to provide overviews of the scenario analysis process
Insurance News
By
Kenneth Araullo
The Financial Markets Authority (FMA) Te Mana Tātai Hokohoko has announced upcoming webinars tackling scenario analysis in the climate-related disclosures (CRD) regime.
The webinars will be conducted on July 20 and July 27, discussing the meaning of scenario analysis in the context of the CRD regime, as well as addressing some common misconceptions. These also aim to provide an educational overview of scenario analysis for the CRD regime.
Under this new regime, entities that qualify as climate reporting entities (CREs) under Part 7A of the Financial Markets Conduct Act of 2013 are required to prepare and file climate statements that comply with Aotearoa New Zealand Climate Standards (NZ CS 1, NZ CS 2, & NZ CS 3) as specified by the External Reporting Board (XRB). Companies interested in attending the webinars can sign up through the official site.
In addition, a scenario analysis information sheet will be released by the FMA in mid-July. This will outline the regulator’s compliance expectations for the scenario analysis disclosure requirements under NZ CS 1 and NZ CS 3.
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